Committed to improvement to keep pace
The Winterthur Insurance Group was founded 125 years ago, and is now the largest insurance company in Switzerland and amongst the top five in Europe. Now part of the huge Credit Suisse financial services group, with its AA rating from Standard and Poors, Winterthur has achieved a reputation for financial soundness and reliability combined with the very latest advances in technology and product innovation.
In Indonesia, Winterthur signed a memorandum of understanding in 1990, marking the commencement of a joint-venture partnership with PT Asuransi Wahana Tata; PT Asuransi Winterthur Life Indonesia (WLI) commenced operations in 1992.
In 1994, WLI was one of the original five pioneer companies that were granted licenses to transact a pension fund management business under the Department of Finance Pension Fund (DPLK) legislation. Since then, WLI has acquired a sizable portfolio of corporate DPLK clients covering large multinational conglomerates with operations in Indonesia as well as many large and small local enterprises.
Despite the economic crisis, not one of Winterthur's clients terminated its DPLK scheme during 1998. In fact, Winterthur even attracted a significant number of new corporate clients.
Winterthur Indonesia uses up-to-date technology to administer its DPLK funds. The DPLK computer system is Y2K compliant and allows a high degree of flexibility in terms of contributions and investment choices. As technology innovation is a continuous process, Winterthur is committed to further significant improvements to keep pace.
With a proven track record of successful pension fund management, combined with the very latest Swiss-developed computer technology, Winterthur is well-positioned to take advantage of the booming DPLK market in Indonesia.
No matter what events unfold in 1999, the Swiss culture of efficiency, discretion, conservative management and above all integrity, permeates strongly through the Indonesian operations. DPLK Winterthur Indonesia clients can be confident that their pension schemes are in good hands.