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.
