November 28, 2014 1:47 PM ET

Insurance

Company Overview of PT. Asuransi Jiwasraya (Persero)

Company Overview

PT. Asuransi Jiwasraya (Persero) operates as an insurance company. The company offers personal products, which include link unit and investation, education, protection, health, and annuity products; corporate products, such as DANA FLEKSIBEL (PESANGON) to obtain severance pay, health benefit pay; ASURANSI SIHARTA to ensure the welfare of employee in his/her old age, which consist of retirement fund, grievance pay, accident disability pay, hospitalized because of accident pay; ASURANSI KESEHATAN to fulfill a corporate need to share the burden of employee health benefit; and ASURANSI KECELAKAAN DIRI to reimburse hospitalized and disability fee if the insurance holder disabled because of accide...

JL. Ir. H. Juanda No. 34

Jakarta Pusat

Daerah Khusus Ibukota

Jakarta,  10120

Indonesia

Founded in 1859

Phone:

62 21 344 4444

Fax:

62 21 386 2344

Key Executives for PT. Asuransi Jiwasraya (Persero)

President Director
Finance & Administration Director and Director
Operational Director and Director
Head of Financial Accounting & Premium Collections Division and Head of Sales Retail & Corporate Division
Head of Corporate Actuary Division
Compensation as of Fiscal Year 2014.

PT. Asuransi Jiwasraya (Persero) Key Developments

BBRI Postpones Acquisition Plan Till 2015

PT Bank Rakyat Indonesia (Persero) Tbk (JKSE:BBRI) will move its acquisition plan forward to 2015 as it is unlikely the bank will be able fully realize it this year, BBRI’s Senior Executive said. Achmad Baiquni, Finance Director of BBRI, said in Jakarta that the bank would revise all of its inorganic growth plans for 2014 and come up with a new scheme. “We will still continue with our assessments, but we don’t think we can realize any of the plan this year. Even if we find the right company [to acquire], gaining approval from the regulator will take time and it’s already September,” he said after attending the 2014 Investor Summit and Capital Market Expo. BBRI has allocated around IDR 3 trillion to finance its acquisition plan in 2014. It might allocate the same amount of funds for acquisition or for the establishment of a joint venture for 2015, but a higher budget was not out of the question, Baiquni said. Several types of companies are on its wish list are as follows PT. Asuransi Jiwasraya (Persero) and PT. Bahana Pembinaan Usaha Indonesia. “What we are looking for is a company that fits our core business segment, which is micro, small and medium. It will be best if the company operates in areas in which we don’t have a large presence yet, so it can complement our network,” he added.

Similar Private Companies By Industry

Company Name Region
PT Asuransi Jiwa Sinarmas MSIG Asia
PT Willis Indonesia Asia
PT Asuransi Adira Dinamika Asia
PT Tugu Pratama Indonesia Asia
PT. ACE Life Assurance Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 14, 2014
--
Merger/Acquisition
February 3, 2014
PT. Mahaka Media Tbk
 

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