Avoid Risk, Property Insurance Difficult To Grow Double Digits
Saturday, July 2, 2022
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The property market in the country is believed to be able to grow better in the second half of this year. It is expected to be positive for the promoted property insurance business until it closed in 2018.
With the property market more ranum, premium earnings from the business lines join raised. Hence, the growth of these businesses could be assessed higher than the achievement in the semester I-2018.
Executive Director of the General Insurance Association of Indonesia (AAUI) U.S. Dalimunthe Dody acknowledged, there are still challenges the businessmen. Namely, looking for a healthier source of business for each portfolio company. Best Insurance Tips
The last few years, a number of player insurance avoid potential business from accounts that have claims ratio is quite large. "So that the account is removed in order to get better underwriting results, " said Dody, Friday (31/8). Selectivity continued at half II this year. DUS, the growth premium will not be too significant in comparison to 2017.
Premium growth of this business line is believed to be more than 5%, but the weight reached double digits. AAUI recorded the first half of this year registered a trade insurance premium Usd 8.35 trillion of property insurance lines of business. This number rose 1.2% from the same period in 2017.
In the first half of 2018, the market share of this business line recorded 25.2% of the total premium of Rp 33.13 trillion. Whereas, in the same period in 2017 portions penetrate 27.7%.
Tri Pakarta insurance for example, notes the premium Rp 319.5 billion in the first half of this year. "Growing 17.14% compared to the same period last year to Rp 272.7 billion, " said President Director Tri Pakarta Supreme immortal. Of the total premium of up to six months in this year, the business line of the largest contributor being the fire insurance, which is 52% of the total premiums or equivalent Rp 166.2 billion. Until the end of 2018, Supreme confidence, could pursue a target premium of Rp 682 billion.
There are some factors that are pushing this line of business in the second half. In between easing loan to value (LTV) for the purchase of the property so that excites the market.
Source: cash
With the property market more ranum, premium earnings from the business lines join raised. Hence, the growth of these businesses could be assessed higher than the achievement in the semester I-2018.
Executive Director of the General Insurance Association of Indonesia (AAUI) U.S. Dalimunthe Dody acknowledged, there are still challenges the businessmen. Namely, looking for a healthier source of business for each portfolio company. Best Insurance Tips
The last few years, a number of player insurance avoid potential business from accounts that have claims ratio is quite large. "So that the account is removed in order to get better underwriting results, " said Dody, Friday (31/8). Selectivity continued at half II this year. DUS, the growth premium will not be too significant in comparison to 2017.
Premium growth of this business line is believed to be more than 5%, but the weight reached double digits. AAUI recorded the first half of this year registered a trade insurance premium Usd 8.35 trillion of property insurance lines of business. This number rose 1.2% from the same period in 2017.
In the first half of 2018, the market share of this business line recorded 25.2% of the total premium of Rp 33.13 trillion. Whereas, in the same period in 2017 portions penetrate 27.7%.
Tri Pakarta insurance for example, notes the premium Rp 319.5 billion in the first half of this year. "Growing 17.14% compared to the same period last year to Rp 272.7 billion, " said President Director Tri Pakarta Supreme immortal. Of the total premium of up to six months in this year, the business line of the largest contributor being the fire insurance, which is 52% of the total premiums or equivalent Rp 166.2 billion. Until the end of 2018, Supreme confidence, could pursue a target premium of Rp 682 billion.
There are some factors that are pushing this line of business in the second half. In between easing loan to value (LTV) for the purchase of the property so that excites the market.
Source: cash
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