Manulife insurance premiums grow by 88%
Life insurance company PT Manulife Indonesia announced Wednesday (20/2/08) its total insurance premiums grew by 88% last year to Rp767 billion from Rp 419 billion in 2006, The Jakarta Post reported.
The growth was remarkable, president director David Beynon said, considering the industry as a whole was growing at a rate of 25 to 30%.
"We have reinforced the sales distribution channel through our 10 bank partners in 2007, which contributed to about 60% of the total premium income last year," Beynon said.
The growth was remarkable, president director David Beynon said, considering the industry as a whole was growing at a rate of 25 to 30%.
"We have reinforced the sales distribution channel through our 10 bank partners in 2007, which contributed to about 60% of the total premium income last year," Beynon said.