Indonesia Government to Restructure Indonesia Oldest Insurer PT Asuransi Jiwasraya by Transferring $3.2 Billion of Insurance Policies to a New Insurance Holding Firm PT Asuransi Jiwa IFG, 99.7% Policyholders Agree to the Restructuring, 2016 Audit Highlighted Violations of Investment Guidelines, PT Asuransi Jiwasraya Negative Equity of $1.8 Billion with 7 Million Policyholders, Founded as a Dutch-Owned Entity in 1859 & Nationalized by Indonesia Government in 1960
28th August 2024 | Hong Kong
The Indonesia government is restructuring Indonesia oldest insurer PT Asuransi Jiwasraya by transferring $3.2 billion of insurance policies to a new insurance holding firm PT Asuransi Jiwa IFG, with 99.7% policyholders agreeing to the restructuring. In 2016, an audit highlighted violations of investment guidelines. PT Asuransi Jiwasraya was reported to have negative equity of $1.8 billion with 7 million policyholders. PT Asuransi Jiwasraya was founded as a Dutch-owned entity in 1859 & nationalized by the Indonesia Government in 1960.
“ Indonesia Government to Restructure Indonesia Oldest Insurer PT Asuransi Jiwasraya by Transferring $3.2 Billion of Insurance Policies to a New Insurance Holding Firm PT Asuransi Jiwa IFG, 99.7% Policyholders Agree to the Restructuring, 2016 Audit Highlighted Violations of Investment Guidelines, PT Asuransi Jiwasraya Negative Equity of $1.8 Billion with 7 Million Policyholders, Founded as a Dutch-Owned Entity in 1859 & Nationalized by Indonesia Government in 1960 “
Indonesia Government to Restructure Indonesia Oldest Insurer PT Asuransi Jiwasraya by Transferring $3.2 Billion of Insurance Policies to a New Insurance Holding Firm PT Asuransi Jiwa IFG, 99.7% Policyholders Agree to the Restructuring, 2016 Audit Highlighted Violations of Investment Guidelines, PT Asuransi Jiwasraya Negative Equity of $1.8 Billion with 7 Million Policyholders, Founded as a Dutch-Owned Entity in 1859 & Nationalized by Indonesia Government in 1960
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