Insurance Business
The insurance industry began to seriously look credit insurance business. Protection of business failure risk borrowers repay credit facilities or cash loan is viewed as an alternative to hoist the insurance company profits next year.
The potential is reflected in the disbursement of credit continue to grow. According to data from Bank Indonesia (BI) as of September 2010, Indonesia's banking credit growth of 21.2% to Rp 1694.45 trillion (yoy). BI predicts this year, credit growth min 23%.
Insurance companies have warned that expanding into the credit insurance sector is Jasindo. The company is confident the red plate, next year the bank are increasingly.
Another reason, credit insurance premiums are still fairly high, while the small claims. Lyrics only data the General Insurance Association of Indonesia (AAUI). In 2009 claim credit insurance and guarantee of 1.79%, while premiums amounted to 22.22%. In 2009, total gross insurance claim losses reach Rp 11.09 trillion, while gross premiums of insurance loss of Rp 23.14 trillion.
Throughout this year, targeting Jasindo can hook the credit insurance premiums amounted to USD 400 billion of this. Until September 2010, new targets are achieved 75%.
