| Issue Number : 299

Draft Bill on Insurance Companies

OVERVIEW

Since Law No. 2 of 1992 on Insurance Companies (“1992 Law”or“Insurance Law”) was enacted, Indonesia’s insurance industry has been growing rapidly. This occurred despite the global economic crises, including Indonesia’s hardship in 1997 in the Asia’s economic turmoil.

The following chart depicts Indonesia’s insurance industry development up until 2010, based on the total assets of each sector:[1]

......

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OVERVIEW

Since Law No. 2 of 1992 on Insurance Companies (“1992 Law”or“Insurance Law”) was enacted, Indonesia’s insurance industry has been growing rapidly. This occurred despite the global economic crises, including Indonesia’s hardship in 1997 in the Asia’s economic turmoil.

The following chart depicts Indonesia’s insurance industry development up until 2010, based on the total assets of each sector:[1]

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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