Jasindo's profit increases

Jasindo's profit increases

JAKARTA (JP): State-owned general insurance firm PT Asuransi
Jasa Indonesia (Jasindo) said on Wednesday that its 1998
unaudited net profit rose by 9.63 percent to Rp 41.44 billion
(about US$4.8 million) from to Rp 37.80 billion in 1997.

The company announced that its level of profitability dropped
slightly to 16.54 percent in 1998 from 17.37 percent in the
previous year.

Jasindo is one of the country's largest insurance firms with
25 years of experience. The company has formed partnerships with
leading foreign names, including Germany's Allianz and Japan's
Tokio Marine.

The company, which claims to have a strong experience in space
and aviation insurance, got a new president on Wednesday, Munir
Syamsudin, who replaced Amir Imam Poero. (rei)