Allianz records 68% growth

Allianz records 68% growth

JAKARTA: Insurance firm PT Asuransi Allianz Life Indonesia recorded Rp 266.7 billion (U$31.3 million) in gross written premiums in the first half of the year, a 68 percent increase on the same period last year.

The firm offers products like health and life insurance, the former being its fastest-growing business line.

The firm is among the top 10 life insurance companies in Indonesia, with 230 branches in 35 cities throughout the country and 250,000 individual and corporate customers.

The company said in a statement that during the same period its sister company PT Asuransi Allianz Utama Indonesia, which offers products like property and engineering insurance, booked Rp 320.7 billion in gross written premiums, up 32 percent on the same period last year.

Allianz Utama has 7 branch offices nationwide.

Both firms are subsidiaries of German financial giant Allianz AG. -JP