Indonesia
Europe View From the Top: Risk engineering when growing abroad
Higher costs of living, lower real wages and reduced access to credit has had a direct impact on the profitability of UK companies. This combined with the Eurozone crisis has taken its toll on UK export growth and investment.
Indonesia begins tsunami shelter construction
The Indonesian government has allocated 16 trillion rupiah ($1.6bn) to build shelters and support areas that are early affected by tsunami-related disasters.
Indonesian bank eyes selling insurance at its branches
Bank Rakyat Indonesia is considering selling insurance to its 40 million customers via its 4 000 branches across Indonesia.
Insurance Insight Q+A: Mark Saunders, Towers Watson
Insurance Insight interviews Mark Saunders, managing director, Hong Kong and managing director for the insurance sector, Asia Pacific at Towers Watson.
South Korea, Turkey, Indonesia and Mexico next economic "juggernauts," claims Willis
Preparing for a new wave of emerging markets is one of the key risks businesses face over the next 12 months according to broker Willis.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Large number of claims reported from Jakarta floods
Loss adjusting firm Cunningham Lindsey has been notified of a large number of losses resulting from flooding in Jakarta on Thursday.
Jakarta grinds to a halt after widespread flooding
At least four people were killed and 20,000 evacuated on Thursday as widespread flooding hit the Indonesian capital of Jakarta.
Piracy falling but seas off East and West Africa remain dangerous
Piracy on the world's seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Chamber of Commerce International Maritime Bureauglobal piracy report revealed today.
Flightsurance bought by 2e Systems
Travel insurance start-up Flightsurance has been acquired by 2e Systems, a technology provider for the travel industry with offices in London and Frankfurt, for an undisclosed fee.
Allianz report highlights year-over-year rise in ship losses
Twelve months on from the Costa Concordia incident, a new Allianz report shows that 106 ship losses were reported worldwide in the year to 25 November 2012.
Allianz fined $12.4m by SEC for improper payments in Indonesia
The Securities and Exchange Commission has charged Allianz SE with violating the books and records and internal control provisions of the Foreign Corrupt Practices Act for improper payments to government officials in Indonesia during a seven-year period.
Asia-Pac insurance technology growth expected to dwarf "pedestrian" Europe
Asia Pacific insurers will increase technology spending by 8% to $18.2bn in 2013, according to a new report.
Magnitude 7.2 quake strikes Indonesia
An magnitude 7.2 earthquake off Indonesia has been felt in Australia.
MSIG aims to strengthen brand presence in Asia
MSIG Insurance (Malaysia) is aiming to enhance the presence of its subsidiaries in a number of Asian territories with a new marketing campaign.
The Asian talent hotpot for insurers
As insurers ride the wave of rising wealth in Asia the demand for professionals with the right expertise to make the most of growth opportunities is shrinking, as Pagan Van reports.
Asia View from the Top: The effects of globalisation
'May you live in interesting times' is apparently the English translation of an ancient Chinese curse, and the past few years have been interesting and challenging from an underwriter's point of view.
Allianz boss hails "important" 10-year Asian bancassurance deal with HSBC
Allianz and HSBC have signed a 10-year exclusive bancassurance distribution agreement in Asia.
Indonesia or bust?
Indonesia offers considerable opportunities for foreign insurers, but the market is not without challenges.
Indonesia to see steady premium growth in 2012
Indonesia's life and non-life insurance sectors are in a stable position, underpinned by a developing domestic market, sustainable growth in premiums and strengthening regulatory requirements.
Tune Group plans to float insurance arm
Malaysia's Tune Group, a conglomerate owned by AirAsia Bhd's founders, is to list its insurance arm to fund overseas expansion.
Fitch affirms Tugu Pratama's 'AA-' IFS rating
Fitch Ratings has affirmed PT Tugu Pratama Indonesia's national insurer financial strength rating at 'AA-' with a stable outlook.
Ace aquires Indonesian broker
Ace Group has acquired an 80% stake in PT Asuransi Jaya Proteksi.
Credit insurers Garant and ASEI enter partnership
Austrian political risk insurer Garant Versicherungs AG and state-owned export credit agency Asuransi Ekspor Indonesia have entered into a commercial partnership to improve the export credit and political risks cover available to their clients.