INDONESIA - TAKAFUL - AXA Mandiri reports 76% surge in net profits

www.thejakartapost.com - Insurance company PT AXA Mandiri Financial Services reported a robust 76 percent growth in net profits to hit Rp 846 billion (US$92 million) last year, thanks to a large increase in premium sales from its unit-linked products and the strength of its “bancassurance” model.

The company’s total premiums in 2011 grew 72 percent from 2010 to reach Rp 4.85 trillion.

At the same time, its weighted new business premiums surged 56 percent to Rp 2.98 trillion, up from Rp 1.91 trillion. (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 - FINANCE - AXA Mandiri launches Shariah compliant unit-linked commodity product

PT AXA Mandiri Financial Services launched a stock option on the Sharia-compliant investments in the commodities sector for unit-linked products sharia.

AXA Mandiri president director said that the investment portfolio Albertus Wiroyo named Advanced Commodity Sharia This amount is allocated to investment options in stocks that are managed commodity sector based on sharia principles. (source)