Insurance in Indonesia has undergone many transformations in the last few decades. The industry is characterized by a fair share of local and international providers, catering to a variety of needs. With the rise in living standards and economic growth, Indonesians are awakening to the importance of insurance. This awareness thus creates demand for valid insurance. In as much as the regulatory environment shapes and governs the industry, the insurers are controlled by the Financial Services Authority, that keeps them in check in accordance with the strict rules protecting consumers. Life insurers and health insurers, together with general insurers, are…
Thursday, July 23