14:41 Road To CNBC Indonesia Awards Revives RI Insurance, Product Innovation & Literacy Are Key! My Money – 2 hours ago

Jakarta, CNBC Indonesia- CNBC Indonesia is preparing to hold the 2023 CNBC Indonesia Awards as a form of appreciation for the performance achieved by economic actors and the business world throughout 2023.

Ahead of the 2023 CNBC Indonesia Awards, CNBC Indonesia is holding the 2023 Road to CNBC Indonesia Awards for the “The Best Insurance” category which will showcase the role and prospects of the Insurance sector which has performed well in driving Indonesia’s economic progress amidst global uncertainty.

Senior Insurance Industry Observer, Kornelius Simanjuntak in the Road to CNBC Indonesia Awards 2023 assessed that the condition of the insurance industry in Indonesia is not in good condition.

This condition is caused by a number of factors, starting from a number of cases of failure to pay that befell insurance companies, causing confidence in insurance to decline. Therefore, efforts are needed to encourage insurance literacy and education to expand insurance product innovation that meets customer needs.

How do observers view the challenges and prospects of the insurance industry? For further details, see Safrina Nasution’s dialogue with Senior Insurance Industry Observer, Kornelius Simanjuntak at the Road to CNBC Indonesia Awards 2023, CNBCIndonesia (Tuesday, 11/21/2023)

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