AAJI Earns Revenue Rp. 254.22 Trillion
By : Wiyanto Dan Aldo Bella Putra | Friday, March 16 2018 - 22:00 IWST

Asuransi Ilustrasi
INDUSTRY.co.id - Jakarta -The Indonesian Life Insurance Association (AAJI) posted growth of 21.7% in the fourth quarter - 2017.
Chairman of AAJI Hendrisman Rahim, in his presentation to the media said that the total Life Insurance Industry's income in the fourth quarter of 2017 grew positively.
Total income (income) of the life insurance industry in the fourth quarter of 2017 recorded growth of 21.7%, to Rp. 254.22 trillion compared to the same period in 2016 amounting to Rp. 208.92 trillion and total premium income is the largest contributor to total industry income (income) of life insurance industry, which amounted to 77.0%. Said Hendrisman in Jakarta, Friday (16/3/2018).
According to him, total premium income alone grew by 17.2% from Rp. 167.04 trillion in 2016 to Rp. 195.72 trillion in the fourth quarter of 2017. The growth was influenced by the increase in total new business premiums and advanced premiums respectively by 22.4% and 8.4%.
Related to total premium income, the AAJI Chairman explained that premium growth was driven by the increase in premium income from bancassurance distribution channel which increased by 24.1% and contributed 45.9%.
He said, the agency channel increased by 11.8% with a contribution of 37.1%, subsequently alternative distribution channels which also increased 12.1% and contributed 17.0% while the premium income from telemarketing distribution channel also experienced a growth of 4.9% in the fourth quarter of 2017.
In terms of total investment in the fourth quarter of 2017, it also increased by 22.8% to Rp. 486.20 trillion over the same period of 2016 of Rp. 395.96 trillion. Of course, the increase in some of these indicators also affects growth in total assets of 24.6% or to Rp. 542.61 trillion compared to the same period in 2016 which amounted to Rp. 435.53 trillion closes Hendrisman.
Read Also
Fuse Achieved More Than Usd 200 Million Of Gwp and 150 Million Policies…
FUSE Being The Only Insurtech From Indonesia Included In "The World's…
Awareness of the Need for Enhanced Pension Funds
PT Jasa Raharja Provides Assistance to Accident Victims in Sukabumi
Make it easy for customers to access insurance solutions, AXA General…
Today's Industry

Rabu, 09 Juli 2025 - 08:55 WIB
Indonesia's First Harman Professional Experience Center Opens in Jakarta
PT Inti Megah Swara (IMS Indonesia) announces the grand opening of the country's first Harman Professional Experience Center, located at Desound Melawai, South Jakarta.

Senin, 09 Juni 2025 - 14:22 WIB
Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…
News Comment