Social Business and Real Estate

Vehicle insurance policy sales and housing (property) to protect against floods at the beginning of this rainy season to grow 20%. Growth rate was considered not too significant, as insurers began to limit the application property and motor vehicle insurance in flood-prone areas to reduce losses.
“The growth reached 20% annually. That is the ordinary thing every year, “said Director of PT Asuransi Treasure Aman Pratama (AHAP) Tbk Lim Eng Tjiang told Investor Daily on Wednesday (5 / 10). Currently, the portion of property insurance in AHAP reach 20-25%. To avoid losses, management AHAP keep doing fairly rigorous selection process to request an entry application. The Company will not accept insurance in areas prone to flooding.
Marketing Director of PT Asuransi Bina Dana Artha (ABDA) Candra Gunawan added that reinsurance companies would not cover insurance claims for flood-prone areas. “Demand for applications to the area we were forced to reject,” he stated. Meanwhile, President Director of PT Asuransi Bintang Tbk Zafar D. Idham admitted, his party is committed to reducing the portion of property insurance since April 2008. “We do not want to bear the losses from floods are too many,” he explained.

By Zafar, lack of accurate statistical data Regarding the location of flood prone Until now to make more insurance companies choose to reduce housing insurance application. As a result, third quarter 2008 premium income eroded Until 21:12% to USD 57.5 billion, lower than the Same period last comparison, Rp 72.9 billion in 2007.
Meanwhile, President Director of PT Asuransi Binagriya Upakara (ABU) Kapler Marpaung admitted, the demand for high Seems property insurance before the rainy season. However, most insurance companies refuse insurance, to avoid large claims. Until September 2008, the growth of property insurance in the ABU by 10% or The Same compared to the Same Period in 2007. In Addition, property insurance portion Remains within the range of 40%.
Meanwhile, President Director of PT Asuransi Adira Dinamika Willy Suwandi Dharma said, demand for property insurance does not grow significantly, it is estimated Because There Will Be No major flooding occurred as A Few months ago. Until September 2008, demand for property insurance grew by 20% or a value of USD 60-70 billion.

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