INDONESIA - TAKAFUL - Sun Life eyes top 10 position in RI market

www.thejakartapost.com - Indonesian multinational insurer Sun Life Financial will double the number of its agents and set up an asset management unit in the next few years to be among the top 10 industry players.

Sun Life Financial Indonesia is currently No. 12 in terms of market share in the insurance industry, with total premiums accounting for 2.2 percent of the entire market, Sun Life Financial Indonesia country manager Bert Paterson said on Wednesday.

“We have a target to be in the top 10. Maybe not necessarily this year, but within the next three years,” Paterson told The Jakarta Post in an interview. “Consensus forecasts that within the market [growth will be] between 20 to 25 percent over the next three to four years. So if that is the case, then clearly, if we are going to capture market share, we need to be bigger.”  (source)

INDONESIA - TAKAFUL - Sun Life Insurance Sharia Optimism Grows in 2012

Jakarta, (29/11) - The development of the Takaful industry in this country showed an increase from year to year. In the year 2012 predict this increase will continue.

Head of Sharia Sun Life Financial, Heroine Utami says optimistic on Takaful 2012 will continue to grow. Because he sees the increasing population growth can be a target market, plus the awareness of society in the Islamic beransuransi higher. (source)

INDONESIA - TAKAFUL - Two Life Insurers Target Islamic Premium Contribution Growth

JAKARTA (IFT) – Two large-scale life insurance companies, PT Sun Life Financial Indonesia and PT AXA Mandiri Financial Service, will boost their Islamic premium revenue contribution next year by issuing new products.(source)

INDONESIA - TAKAFUL - Sun Life targets portions of sharia to 25% in 2014

JAKARTA: PT Sun Life Financial Indonesia business unit targeting the Islamic contribution reached 25% of total premium income in 2014.

Sun Life Indonesia Country Manager Bert Paterson said the company is optimistic the target will be achieved within a period of 3 years. Contribution of Islamic business units will continue to be improved gradually. (source)

INDONESIA - TAKAFUL - 7 months after launch, Shariah insurance already 19 % turnover Sun Life Insurance

Jakarta (28 / 7). Takaful business is now starting to become a business sector that many ogled. Evidently some insurance companies have many divisions of conventional open Takaful. Insurance Sun Life Financial is one of them.
Head of Sharia Sun Life Financial, Srikandi Utami revealed that Sun Life insurance has long been eager entry into the Islamic sector. According to Islamic sector has great potential, broad market and the business is still small. (source)

TAKAFUL - Sun Life expects 15% growth this year

JAKARTA: PT Sun Life Financial Indonesia, the local unit of Canadian insurance company Sun Life, plans to boost its total premium income this year by doubling the number of its sales agents from 4,110 and opening 10 sales offices throughout the country to add to the 38 existing offices.

President director Bert Paterson said Friday that to achieve the target, last year’s whole year figure was not available, but during the January-September period, Sun Life’s total premium topped Rp 500 billion (US$55.03 million), a 4 percent increase from Rp 480 billion during the same period in 2009. (source)