ARP wins ISO certificate

ARP wins ISO certificate

JAKARTA (JP): PT Asuransi Raksa Pratikara (ARP) claims it is
ready to face the global competition to be unleashed with
implementation of free trade agreements in Southeast Asia and the
Asia-Pacific region in the next millennium.

The insurance company received ISO 9002 certification from
SGS International Certification Services of London on Thursday in
recognition of its management quality.

Raksa Pratikara's premium income, largely from corporate
customers, rose to Rp 95.43 billion (US$14.45 million) in 1998
from Rp 73.82 billion in 1997, mainly due to the sharp increase
in the rupiah exchange rate to the greenback.

The company says it is targeting a further 20 percent to 30
percent increase in 1999.

The company has strong reinsurance support from Munich Re and
Swiss Re, the two largest reinsurers in the world, ARP president
Yuna Prabawangi said at certificate presentation ceremony. (02)