Auto Insurance Better than the Real Estate 2

Meanwhile, the number of insurance policies issued during the year 2009 reached 12.7 million policyholders. Automotive sector dominated with 5.3 million units. Followed in succession the property sector with 1.6 million individuals and unitdan health insurance with a total 1.5 million policyholders.

Associated with the emergence of cases of embezzlement by an insurance company's customers, AAUI appealing that society is more selective in choosing their insurance.

From the data, there are 73 new insurance companies in Indonesia which has a capital of more than $ 40 million, according to the rules of the Capital Market Board, the Financial Supervisory Agency (Bapepam-LK). Bapepam-LK to apply the rules of a gradual increase in minimum capital to $ 70 million in 2010 and increased again to
$100 million in 2014.

According to him, currently about 15 companies are in control because of their minimum capital requirements have not menyukupi $ 40,000,000 to be met until the end of 2010. Budi said, eventually the insurance company whose capital is less than this will be given time to a maximum of six months to complete its capital.

When the end of time will not be able to meet, then there are two alternatives that should be on the road. "Is it possible merger or acquisition by another insurance company," said Budi.

Auto Insurance Better than the Real Estate 1

Year 2010, predicted growth of automobile insurance premiums would exceed the property sector that still dominate the premium income of insurance companies.

In 2009, the automotive sector, the premium income reached $ 6 billion, while property was in the range of $ 8 billion.

"But in 2010 predicted this year, premium income for the automotive sector will exceed the income from the property sector. This is as stable sales of motor vehicles in the homeland," said Vice Chairman & Chairman of Education, Research & Development and Agency Division of General Insurance Association of Indonesia (AAUI) , Purnomo Budi Hartono, training was interrupted by AAUI Surety Bond, Friday, April 30, 2010.

In addition, the awareness of individuals or companies to insure their vehicles are also getting higher. Two things are believed to be pushing the automotive premium income rose in the range of 10 percent.

According to data AAUI, insurance premium growth in Indonesia in 2009 is not too encouraging. At the end of 2008, total gross premiums received by all insurance companies in Indonesia reached $ 24 billion.

In late 2009, only to grow $ 1 billion or only 4 percent. However, in 2010, the revenue estimates AAUI premium rates will rise in the range of 10-15 percent.

Largest premium property sector is still dominated, followed by automotive. While premium income for the transport sector in 2009 reached 1.7 billion and S shipbuilding sector amounted to $ 600 million.