Social Business and Real Estate

Posts Tagged ‘Insurance application’

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. Read the rest of this entry »