The Indonesian State is insuring its assets

IsuranceAfter a year 2018 marked by a devastating earthquake followed by a tsunami, the Indonesian State has decided to insure its assets against natural disasters and other hazardss such as terrorism, riots, civil commotion.

Starting from December 1, 2019, a total of 1 360 buildings worth 769 million USD, held by the Ministry of Finance, will be insured. The contract has been signed with a consortium of 56 insurers. The assets of other departments will also be covered in 2020.

This lack of insurance coverage for State assets has always been a problem in Indonesia, an archipelago of 17 000 islands whose risks differ from region to region. The difficulty of determining the premium amount has often been cited by insurers.

Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits