Insurance and wealth management solutions offered to wide range of
customer segments.
Strong sales and fee-based income potential for Danamon and Manulife
Indonesia.
prnenewswire.com - TORONTO / JAKARTA, Oct. 19, 2011 /PRNewswire/ - PT Bank Danamon Indonesia Tbk
("Danamon") and PT Asuransi Jiwa Manulife Indonesia (Manulife
Indonesia) have announced the signing of a strategic partnership. This
collaboration will enhance their joint offerings of banking, insurance
and wealth management products to a broad base of Danamon customers,
including microfinance, commercial and corporate customers. The
partnership will be effective from July 1, 2012. (source)
"Danamon and Manulife Indonesia share the vision that the benefits of
insurance and investment management products should be a lot more
accessible to many people across the country," stated Henry Ho,
Danamon's President Director. "The partnership forged today is what the
bancassurance industry needs to make it happen. The unique position of
Danamon as a truly universal bank and Manulife's expertise and
experience in Indonesia in addition to a solid global reputation
combined will enable a broad base of our customers to mitigate risks,
as well as to make available investment opportunities in planning for
their lives and careers," continued Henry.
As a truly universal bank, Danamon serves all customer segments in
Indonesia. It extends micro loans to individual customers averaging
around 20 million rupiah; as well as middle-income customers, and small
and medium sized enterprises. Danamon is also among the most prominent
providers of commercial and corporate sized loans to companies and
businesses in Indonesia.
Alan Merten, Chief Executive Officer and President Director, Manulife
Indonesia commented, "The collaboration between Danamon and Manulife
Indonesia is an exciting milestone in our 26-year history in Indonesia.
It is another pivotal step that we are taking in Indonesia to realize
our vision to be the most professional financial services organization
in the country, providing strong, reliable, trustworthy, and
forward-thinking solutions for our clients' most significant financial
decisions." Mr. Merten continued, "Danamon's position as a universal
bank, serving a wide range of customer segments, and Manulife
Indonesia's comprehensive range of reliable products is a
forward-thinking partnership to better serve the growing insurance and
wealth management needs of the Indonesian community."
"We are confident that through this collaboration we can fulfill the
wide range of banking, insurance and wealth management needs of our
customers, deepening our relationship with them, and becoming their
preferred bank," remarked Michellina Triwardhany, Danamon's Director
for Consumer Banking. In addition, the collaboration has strong
potential to contribute to the Bank's non interest incomes. "We foresee
a significant growth of our fee-based incomes in the medium to long
term from this strategic partnership with Manulife Indonesia," Ms.
Triwardhany added.
"This partnership is also clearly aimed at achieving increased sales
growth for Manulife Indonesia, and we believe the competitive advantage
Danamon and Manulife Indonesia both have places us well to achieve
this," remarked Hans de Waal, Senior Vice President and Head,
Partnership Business of Manulife Indonesia. "Besides creating job
opportunities, we also see the success of this partnership leading to
the improvement of insurance penetration rates in Indonesia," added Mr.
De Waal.
Supporting education in Indonesia
At the signing ceremony, Danamon donated approximately 2000 personal
computers to the Surya Institute, which will distribute them for
education purposes to school-age children in homes across the country.
Manulife also took part in this community project by donating IDR 100
million in cash to support the education of around 400 teachers from
all parts of Indonesia as part of Surya Institute programs to increase
the quality of education in Indonesia.
Surya Institute was founded in 2006 by Prof. Yohanes Surya, Ph.D. with a
mission to reform Science and Math education in Indonesia. The
institute's efforts promote Science and Math learning as fun, easy and
meaningful, so what the students learn become life skills and prepare
them to excel in the workforce. Surya Institute believe that through
the advancement of science and mathematics education, Indonesia will
have a highly skilled workforce that will significantly contribute to
both local and international communities. In addition to researching
and developing materials and teaching methods, Surya Institute also
works together with regional and national governments and schools to
train teachers across Indonesia (source: http://www.suryainstitute.org)
About Danamon:
PT Bank Danamon Indonesia Tbk. was established in 1956 and as of June
30, 2011 operates over 2,300 branches and points of sales, including
its Danamon Simpan Pinjam (DSP) and Syariah units as well as its
subsidiaries branches. As of June 30, 2011 Danamon provides its
customers with access to over 25,000 ATMs, including through its
association with ATM Bersama and ALTO, in all 33 provinces in Indonesia
and supported by approximately 59,411 permanent and non permanent
employees (including subsidiaries).
Danamon recently was awarded "The Best of Indonesia Service to Care
Champion 2011" under the category "Conventional Bank with Assets above
Rp 65 Trillion" from MarkPlus Insight and Marketeers Magazine, and also
received recognition as one of the "Best Local Cash Management Banks in
Indonesia" in the Asiamoney Cash Management Poll 2010.
Danamon received awards for Best Mobile Banking, Best SMS Banking, Best
Internet Banking and was positioned among the "Top 10 Most Consistent
Bank in Service Excellence" in the 2010 Banking Service Excellence
Awards by InfoBank and Marketing Research Indonesia.
Danamon was named among the "Best Performance Banks 2010 in ABFI
Banking" in the category of "Private Bank with Large Scale Assets",
initiated by ABFI Institute and PERBANAS, and was announced as one of
10 "Prestigious Companies from Indonesia" by The Forbes Global 2000, an
annual ranking of the top 2,000 public listed companies in the world.
Danamon is the sole issuer and acquirer of American Express® cards in Indonesia under an independent operator agreement which allows
it to issue American Express cards to individual and corporate clients.
Danamon is also the only bank which provides services to local
merchants who accept American Express Cards and for signing up new
merchant partners in Indonesia.
One of the Danamon subsidiaries, PT Adira Dinamika Multi Finance Tbk
(Adira), the automotive financing company, operates an extensive branch
network in more than 260 cities in Indonesia.
As of June 30, 2011, Danamon was 67.37% owned by Asia Financial
(Indonesia) Pte. Ltd., 5.75% by JPMCB-Franklin Templeton Inv. and
26.88% by the public.
Manulife Indonesia
PT Asuransi Jiwa Manulife Indonesia offers the most comprehensive
products and services in the Indonesian financial services industry
through life insurance and employee benefits and through mutual funds
and asset management services from its affiliated company, PT Manulife
Aset Manajemen Indonesia. Headquartered in Jakarta, Manulife Indonesia
operates through a network of marketing offices in 24 cities across the
country, supported by more than 7,900 employees and professional agents
and has approximately 1.5 million in-force policies.
Manulife Indonesia has earned several prestigious awards in 2011:
- The 1st Best Life Insurance Company in 2011 for two years in a row from ABAI (Asosiasi Broker Asuransi & Reasuransi Indonesia - Indonesian Insurance & Reinsurance Brokers Association)
- "Very Good" rating for the 6th time from Infobank magazine in the life insurance company category with gross premium income above IDR 1 trillion in 2010
- The Best Customer Choice of Health Insurance, The Best Customer Choice of Unit Link Insurance, and The Most Popular Brand of Health Insurance categories at Indonesia Brand Champion 2011, which was initiated by MarkPlus Inc.
- Service Quality Award 2011 with "Gold" rating for Health Insurance Service category from the Service Excellence magazine, Marketing magazine and Carre - Center for Customer Satisfaction & Loyalty (Carre - CCSL)
- The Best Insurance of the Year at the ASEAN Business & Company Award 2011, which was initiated by the International Achievement Foundation (IAF)
No comments:
Post a Comment