Jakarta, CNBC Indonesia- The Financial Services Authority (OJK) together with insurance associations have prepared a roadmap for insurance development in Indonesia for 2023-2027 as an effort to support the growth of the insurance business in Indonesia.
President Director of BCA Life, Christine Setyabudhi, positively assessed the insurance business roadmap. Where one of the developments encouraged by OJK is related to the development of conventional products other than Insurance Products Linked to Investment (PAYDI.
Christine assesses that conventional and PAYDI products are both good, but there are still challenges related to customer understanding of insurance products and it is hoped that increasing insurance literacy and inclusion can support the growth and development of the insurance business. One step that can be taken to increase penetration of the insurance industry can be done through a digitalization-based insurance service development strategy.
What are the efforts to encourage the development of the insurance business? For complete details, see Anneke Wijaya’s dialogue with the President Director of BCA Life, Christine Setyabudhi at Power Lunch CNBC Indonesia (Tuesday, 17/10/2023)
Originally posted 2023-10-17 13:30:43.