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 - Allianz Seeks to Expand Takaful Effort From Its Indonesia Base

insurancenewsnet.com By Iris Lai -
A.M. Best Company, Inc.

Allianz SE is looking to further expand its takaful, or Islam-compliant insurance, in the Asia-Pacific region, using its experience in Indonesia where it sees substantial market demand for comprehensive and affordable plans.

"Takaful is a business in which we are keen to grow and expand," said Kamesh Goyal, regional chief executive of Allianz Insurance Management in the Asia-Pacific. Allianz offers takaful products in Indonesia through its life and nonlife insurance companies.  (source)

INDONESIA - BANKING - Bank Muamalat Boosts Fee-Based Income

en.indonesiafinancetoday.com - JAKARTA (IFT) – PT Bank Muamalat Indonesia Tbk will boost its fee-based income from bancassurance business. This is the first time for the bank to work with PT Allianz Life Indonesia to distribute unit-linked insurance plan, personal accident insurance, critical illness insurance and hospital insurance based on Islamic principles.(source)

INDONESIA - TAKAFUL - Muamalat, Allianz aim to get Rp 50 billion from policies

Bank Muamalat Indonesia, a major sharia bank, and insurance and financial services provider Allianz Life Indonesia signed on Thursday a three-year agreement to market sharia-based insurance products to the bank’s customers nationwide.

Allianz Life Indonesia president director Joachim Wessling said that sharia insurance products would be offered in two ways.  (source)

INDONESIA - TAKAFUL - Allianz Life Posts Rp 186.6 B Islamic Premium

JAKARTA (IFT) – Allianz Life Syariah, Allianz Life Indonesia's Islamic division, saw a 17 percent increase in gross premium revenue to Rp 186.6 billion in the first semester of 2011 from Rp 159.5 billion year-on-year (YOY). Allianz Life Syariah targets reaching Rp 500 billion YOY. (source)