Allianz expects $6m income

Allianz expects $6m income

JAKARTA (JP): Life insurance company PT Asuransi Allianz Life
Indonesia disclosed on Thursday that its gross premium income for
1999 should rise 200 percent to Rp 42 billion (US$6 million) from
Rp 14.1 billion last year.

Allianz Life president Laurence Warburton said the company
would continue to expand its products and services to attract new
policy holders for continued improvement in income next year.

It will also continue to expand its presence in Indonesia by
opening new branches, demonstrating its commitment to the
country, he said.

It will open a new office in Semarang, Central Java, early
next year.

Asuransi Allianz Life, a joint venture between giant German
insurer Allianz AG and local company PT Kresna Karya, operates 30
branch offices in 20 cities across the country.