Allianz opens office in Papua

Allianz opens office in Papua

JAKARTA: Insurance firm PT Asuransi Allianz Life Indonesia has opened a branch office in the Papua provincial capital of Jayapura to expand its business in the country's easternmost province.

The new office, referred to as the Bird of Paradise, was officially opened on Saturday by Jayapura mayor M.R. Kumbu and company president Frank Levene, the company said in a statement.

Allianz has booked an income on premiums of Rp 400 million (about US$46,000) from policyholders in the province over the past four months and has set an annual target of Rp 1.5 billion. -- JP