Allianz Life Sharia Indonesia, or Allianz Sharia, has affirmed that\nthe reason for spinning off from its parent company while still in the\nform of a Sharia Business Unit (UUS) is to ensure sustainable business\noperations. This aligns with the enormous potential of the sharia\ninsurance business in Indonesia.<\/p>\n
Regarding proposals for shared services upon becoming independent or\nspinning off, Director of Allianz Life Sharia Indonesia, Jazilah\nFirdaus, stated that Allianz Sharia prioritises how the business can\ncontinue to grow and develop sustainably. Therefore, business\nprojections are formulated over the long term.<\/p>\n
\u201cRegardless of shared service or not, I think the reason why we want\nto spin-off and we want to do business in sharia insurance is\nsustainable business. In order to have a sustainable business, then we\nneed to strategise, and part of the strategy is also about\ndistribution,\u201d she said, quoted from the Media Asuransi YouTube channel\non Friday, 20 March 2026.<\/p>\n
Compared to focusing on shared services, she added, Allianz Sharia is\nmore inclined towards building a more sustainable business. For example,\nregarding insurance agents, Allianz Sharia emphasises agents who can\nsupport the sharia insurance business at Allianz Sharia in the\nfuture.<\/p>\n
\u201cFor example, we are more inclined towards agency, then how we share\nthis sales force for now. But five years from now, ten years from now,\nif we want to build a sustainable business, then what must we do? At\nAllianz Sharia, we call it sharia focus agent,\u201d she explained.<\/p>\n
To maximise the business at Allianz Sharia, she did not deny that it\nrequires hard efforts to strengthen business fundamentals, which must be\ndone sustainably and with a long-term orientation.<\/p>\n
\u201cSo a lot of efforts need to be done in order to build that\nfundamental. So that later, if we don\u2019t build from now, five years\nlater, 10 years later, if we continue to rely on these dual-licensed\nagents, then I don\u2019t think the business is going to be sustainable,\u201d she\nstressed.<\/p>\n
\u201cSo the initial intention is when we spin-off, how to build a\nsustainable business and by building a sustainable business. If you ask\nme which channel is going to be the driver, then what is the main\ncapability, or what is the main driver for your growth strategy. If it\u2019s\nagency, then think about how we want to build,\u201d she said.<\/p>\n
For example, forming and building specialised insurance agents in\nsharia insurance, she continued, means Allianz Sharia will devise\nstrategies to maximise it. \u201cLet\u2019s say a specialised agent that focuses\non sharia, and really strategise on that. If bancassurance is actually\nthe main driver, or if you want to, let\u2019s say, be strong in both,\u201d she\nconcluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/allianz-sharia-boss-spin-off-to-build-a-sustainable-sharia-insurance-business-1774003886", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }