More Prospective, Sharia Insurance Market is Predicted to Grow Two Digits

By : Ahmad Fadli Dan Aldo Bella Putra | Tuesday, June 12 2018 - 17:12 IWST

Asuransi Ilustrasi
Asuransi Ilustrasi

INDUSTRY.co.id - Jakarta - Chairman of the Indonesian Sharia Insurance Association (AASI) Ahmad Sya'roni assessed the Takaful business can grow double digits this year because the market niche that can be used is still considered large.

On the other hand, some product development is believed to be more attractive market. Among them is the presence of wakaf benefits that can be offered to the community.

Even so, he admits there is a number of homework that must be continuously improved. Among them is a matter of literacy on sharia insurance is still low.

As such, AASI plans to engage more agencies to further popularize this segment. "We do have to work with more partners to be more massive," he said not long ago.

In addition, the addition of experts must also continue to be done. In order to offset the planned development of Islamic insurance products in the future.

As noted, the Financial Services Authority (OJK) noted that as of the first quarter of this year, the sharia insurance industry posted a premium of Rp 4.09 trillion. The number has risen as high as 34.9% year on year

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