LIST OF INSURANCE COMPANIES IN INDONESIA
Indonesia, Asia – World Insurance Companies Logos .The graphic mark of a company is synonymous with its brand. In insurance, a logo is immediately recognizable and allows the customer to associate the company with the useful qualities such as trust, fair price, etc., and many other vital questions about how to find the best insurance.
Click on the insurance company logos to get a lot of updated information about each insurer. We want to help you to find the best Insurance in the Internet
DIRECTORY OF INDONESIAN INSURANCE COMPANIES LOGO AND NAMES
Indonesian Insurance Company Directory Logo & Names. By clicking the logo of Insurance Company you have instant access to updated information on insurance issues that can help you in the task of choosing the best insurance, and also, get phone numbers, addresses, and prices, that Insurance Companies offer on the Internet.
DEVELOPMENT AND SUPERVISION OF THE INSURANCE INDUSTRY
Article 10 of Law No. 2 of 1992 determined that the guidance and supervision of insurance business conducted by the Ministry of Finance. Further, under Section 11 stated also that the guidance and supervision of insurance companies include:
Financial health, the life insurance company, loss, and reinsurance, include:
1. limit Solvency Level;
2. Retention Self;
5. Reserves technical;
6. Others related to financial health.
Implementation of the business which includes
1. terms of insurance policies;
2. premium rate;
3. Settlement of the claim;
4. requirement of expertise in the area of insurance;
5. Other matters relating to the conduct of business.
In the framework of the implementation of the guidance and supervision, insurance companies (insurance companies, reinsurance companies, insurance brokers and reinsurance brokerage firms) are required to submit periodic reports. The report that must be submitted include the financial statements and operational reports. Violation of the provisions regarding the reporting of sanctions in the form of administrative sanction or penalty.
For insurance companies and reinsurance companies, the obligation to submit a report consisting of quarterly financial statements, annual financial statements have been audited, and the implementation of the annual business report. In addition, insurance companies and reinsurance companies also are required to announce its financial statements (balance sheet and income statement) in the daily newspapers having wide circulation in Indonesia.
As for the insurance brokerage and reinsurance brokerage firm, reports that must be submitted consists of half of the financial statements, annual financial statements have been audited, and the implementation of the annual business report.
Besides delivering periodic reports, in order to implement the guidance and supervision, the Minister of Finance may conduct directly to the insurance company. The type of examination is generally divided into two regular checks carried out at least once every 3 (three) years and a special examination.
Indonesia, Asia – World Insurance Companies Logos