INDONESIA - TAKAFUL - Syariah Mandiri Axa underwriting surplus of USD 3 M

www.kontan.co.id - JAKARTA. PT AXA Mandiri Financial Services (AXA Mandiri) recorded a surplus underwriting Takaful fund of Rp 3.068 billion at the end of 2011 then. Underwriting surplus funds derived from the contributions of participants in a fund managed by AXA Mandiri tabarru.
"Funds AXA Mandiri tabarru 2011 shows a fairly good growth so that we can record underwriting surplus at the end of 2011. This was supported by AXA Mandiri risk management policies, "said Chief Financial Officer of AXA Mandiri Iwan Pasila KONTAN in a release received on Tuesday (31/7).  (source)

INDONESIA - TAKAFUL - Allianz Life achieved a lot of premium Sharia

www.kontan.co.id - JAKARTA. Sharia (UUS) PT Allianz Life Indonesia continued to record good performance over time. The transistor feat Armed with that, management also plans to become a legal entity separate UUS itself (spin off) in order to loose the business space.
Throughout the first half of 2012, Allianz Life Syariah collect Rp 269 billion in gross premiums, grew 44% from the same period last year to Rp 186.6 billion. This figure means that 53% of the target year 2012 amounting to Rp 500 billion.  (source)

INDONESIA - TAKAFUL - Allianz Life premium income up 44% of Sharia

www.kontan.co.id - JAKARTA. During the first half of 2012, the performance of PT Allianz Life Syariah bright. This insurance company had a premium of Rp 269 billion or an increase of 44% over the same period last year. Nearly 97% of premium income derived from products unitlink.

While the contribution of agency lines reached 89% of total premium Sharia. The number of agents certified Sharia Allianz Life 6300 people. Until late 6600 the number of agents targeted Islamic people.

Kiswiati Soeryoko, Chief of Sharia and Corporate Communications Officer of Allianz Life Indonesia confirms, the contribution of bancassurance also showed an increase. Throughout the first half, bancassurance contributes 9%.  (source)

INDONESIA - TAKAFUL - Industry premiums grew 10-fold

www.bisnis.com - BOGOR: Business Takaful industry in the country grew 10-fold in the last six years since 2006.

Head of the Insurance Bureau of Insurance Islamic Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-​​LK) said Nurhayati Yatty gross contribution (gross premium) is booked by the Takaful industry in Indonesia reached Rp 4, 97 trillion in 2011, growing 10 times higher than in 2006 amounting to Rp499 billion.

In year on year, the gross contribution of Takaful industry grew 34.9% over the previous year's gross contribution amounting to Rp3, 69 trillion.  (source)

INDONESIA - TAKAFUL - Shariah Bumida Target 70 Percent Premium Increase

WWW.REPUBLIKA.CO.ID, JAKARTA - Young Bumiputera (Bumida) Shariah target premium in the year 2012 amounting to Rp 52.25 billion. This number increased 70 percent compared to last year, which is Rp 30.92 billion.
"The growth we have achieved the last two years, we are optimistic can achieve 2012 target," said President Bumida, Mohammad Irsyad, told journalists on Monday (2/4).
According Irsyad, sharia potential has yet to fully handled. Market share is still in the position of sharia industry 4.9 percent. It is the ideal opportunity to expand the syariah Bumida still quite large.  (source)

INDONESIA - TAKEFUL - Asuransi Takaful eyes IDR1 trillion premium in 2012

www.bisnis.com - JAKARTA: PT Asuransi Takaful Indonesia eyes IDR1 trillion of premiums next year, or 173.97% higher from the projection for the end of this year at IDR365 billion.

 

In order to achieve the target, the company will add another 4,000 agents, bringing the total of 10,000 agents, Asuransi Takaful Indonesia Operational Director Ronny Achmad Iskandar said.

 

Currently, Takaful owns 5,700 agents with active ratio level reaches 25%.  (source)

INDONESIA - TAKAFUL - Syariah Mandiri premium AXA Reaches USD 283 Billion

REPUBLIKA.CO.ID, JAKARTA - Premiums Islamic products until September 2011 AXA Mandiri to Rp 283 billion. This achievement which edged up 1.3 percent compared to September 2010 which reached USD 250 billion.
Contribution of Islamic products this year is relatively small compared to the total premiums of AXA Mandiri as of September 2011 which reached Rp 3.7 trillion. In fact, according to Director of AXA Mandiri, Iwan Pasila, the contribution of Islamic products last year reached 15 percent. (source)

INDONESIA - TAKAFUL - Islamic Premium Revenue of Two Reinsurers Increases

JAKARTA (IFT) – Islamic reinsurance premium revenue of PT Reasuransi Internasional Indonesia (ReINDO) and PT Nasional Reasuransi grows quite high in the first semester of 2011 mainly attributable to premium payment from life insurance companies.(source)

INDONESIA - TAKAFUL - Islamic Premium Contribution to Reach 6%This Year

JAKARTA (IFT) – Indonesia Life Insurance Association estimated that Islamic insurance premium contribution will grow twofold to 5-6 percent of total insurance premium revenue this year from 3 percent of total premium revenue in 2010. (source)