New insurance club launched

New insurance club launched

INSURERS GET NEW CLUB: The director for insurance of the Ministry of
Finance, Sophar L. Toruan (center), on behalf of director general of
financial institutions Bambang Soebianto, officially launched the
Indonesian Insurance Club (IIC) yesterday.

Members of the exclusive club, established by the foreign
affairs department of the Indonesian Insurance Council, are chief
executive officers or staffers of insurance companies as well as
executives of non-insurance companies with interests in the
insurance industry.

IIC chairman Eduard Sindal (left) said the club will serve as
a forum between insurers and their clients. "The club could also
work as a marketing network of the insurance industry," he told
club members at the launching ceremony, in which Marzuki Usman
(right), the chairman of the Association of Indonesian Economists
and a former director for insurance of the Ministry of Finance,
gave a welcoming address for the new organization, the only
insurance club in the country.

Eduard said the IIC will operate under the guidance of the
insurance council, which has been appointed as the lone
counterpart of the government in the insurance industry.

"The club is expected to promote cooperation between insurance
companies and clients, who need the service to cover any
potential risks," he said. (hen)