History and Development of Insurance in Indonesia - Insurance history goes back over a hundred years ago, that since the Dutch colonial period. At that time the Dutch colonial government was planting a massive plantations in Indonesia and simultaneously conduct trading business.
To ensure continuity of business, then later the Dutch government in Indonesia undertake a financial protection system called insurance purposes as a form of protection against the risks of losses that might occur. This protection is applied in the plantation sector from the start to the planting of trees, crops up in crops traded. Tranlate to Indonesia : Sejarah dan Perkembangan Asuransi di Indonesia
Established the first successful insurance named De Nederlanden van 1845, financial protection system was finally implemented in Indonesia. The first insurance company in Indonesia which was established by the Dutch named Bataviasche Zee End Brand Asrantie Maatschappij based on the insurance sector losses due to fire and also losses which may be incurred as a result of problems during transport (transport).
Success with insurance and transportation, the Dutch government then build an insurance business unit again named Nederlandsh Indies Leven En Liefrente Verzekering Maatschappij (NILMIY) that will become the embryo of one of the largest life insurance companies in Indonesia named PT. BNI Life Insurance Life Insurance Boemi coincided with Poetra 1912. The success of these two great companies was then followed by the growth of new insurance companies as we know up to now.
Understanding insurance is a business system that guarantees financial protection for customers or participants in the form of financial compensation for the losses suffered. The loss can be loss of life, health, motor vehicles such as motorcycles and cars, and other property with certain conditions and circumstances.
Laws governing insurance issues in Indonesia law No. 2 of 1992 which is a form of binding agreements between the channel risk or "insured" and who accept the risks or the "guarantor" of an underlying payment from the insured to the insurer. While the insurer will indemnify the insured in the form of premiums, compensation for loss, damage or loss suffered by the insured.
The science used in the field of insurance called actuarial science or science combination of mathematics, statistics and probability (likelihood). Science is then become a reference tool or a unit of measurement used to measure insurance companies estimate the risk of loss level of accuracy the amount of claims that will be covered by insurance companies.
Insurance development in Indonesia started since the merger with PT Asuransi Bendasraya General International Underwriters (UIU) to PT Asuransi Jasa Indonesia or Jasindo which is a state-owned insurance company in addition to TASPEN, Asabri and Social Security that is now called the Social Security Agency (BPJS).
Since 1980, the development of insurance in Indonesia has increased very rapidly. It is seen from the rise of a variety of foreign and local insurance companies that started doing business in Indonesia. Some of them such as Allianz, Prudential, AXA, AIA, Cigna, Manulife, and so forth. One of the insurance companies with the largest participant in Indonesia today is insurance BPJS the number of participants as much as 131.9 million (2014) to be projected will reach the amount of 168 million in 2015 and 257.5 million in 2019 (covering the whole Indonesia's population).
To ensure continuity of business, then later the Dutch government in Indonesia undertake a financial protection system called insurance purposes as a form of protection against the risks of losses that might occur. This protection is applied in the plantation sector from the start to the planting of trees, crops up in crops traded. Tranlate to Indonesia : Sejarah dan Perkembangan Asuransi di Indonesia
Established the first successful insurance named De Nederlanden van 1845, financial protection system was finally implemented in Indonesia. The first insurance company in Indonesia which was established by the Dutch named Bataviasche Zee End Brand Asrantie Maatschappij based on the insurance sector losses due to fire and also losses which may be incurred as a result of problems during transport (transport).
Success with insurance and transportation, the Dutch government then build an insurance business unit again named Nederlandsh Indies Leven En Liefrente Verzekering Maatschappij (NILMIY) that will become the embryo of one of the largest life insurance companies in Indonesia named PT. BNI Life Insurance Life Insurance Boemi coincided with Poetra 1912. The success of these two great companies was then followed by the growth of new insurance companies as we know up to now.
Understanding Insurance
Understanding insurance is a business system that guarantees financial protection for customers or participants in the form of financial compensation for the losses suffered. The loss can be loss of life, health, motor vehicles such as motorcycles and cars, and other property with certain conditions and circumstances.
Laws governing insurance issues in Indonesia law No. 2 of 1992 which is a form of binding agreements between the channel risk or "insured" and who accept the risks or the "guarantor" of an underlying payment from the insured to the insurer. While the insurer will indemnify the insured in the form of premiums, compensation for loss, damage or loss suffered by the insured.
The science used in the field of insurance called actuarial science or science combination of mathematics, statistics and probability (likelihood). Science is then become a reference tool or a unit of measurement used to measure insurance companies estimate the risk of loss level of accuracy the amount of claims that will be covered by insurance companies.
Development of insurance
Insurance development in Indonesia started since the merger with PT Asuransi Bendasraya General International Underwriters (UIU) to PT Asuransi Jasa Indonesia or Jasindo which is a state-owned insurance company in addition to TASPEN, Asabri and Social Security that is now called the Social Security Agency (BPJS).
Modern insurance
Since 1980, the development of insurance in Indonesia has increased very rapidly. It is seen from the rise of a variety of foreign and local insurance companies that started doing business in Indonesia. Some of them such as Allianz, Prudential, AXA, AIA, Cigna, Manulife, and so forth. One of the insurance companies with the largest participant in Indonesia today is insurance BPJS the number of participants as much as 131.9 million (2014) to be projected will reach the amount of 168 million in 2015 and 257.5 million in 2019 (covering the whole Indonesia's population).
