PREMIUMPrivate insurers unfazed by insurance scandals despite trust concerns

first_imginsurance-companies Jiwasraya Asabri Bumiputera consumer business Forgot Password ? Log in with your social account LOG INDon’t have an account? Register here Google Facebook Private insurers have brushed off concerns that scandals involving state-owned insurance companies have hurt the industry as the sector continues to grow despite being clouded by trust issues.Adira Insurance chief executive officer (CEO) Julian Noor said the company still experienced a premium collection growth of about 8 percent year-on-year (yoy) in 2019 despite controversies surrounding state insurer Asuransi Jiwasraya.“This is because the problem is in a state-owned insurer while private ones face no problems. Thus, the public will be smart enough not to generalize and it will be an opportunity for private insurers to offer even better services right now to their customers,” Julian said.Read also: Relaxed foreign ownership rule for insurers could save Jiwasraya: ExpertsJulian’s statement contradicted high-ranking officials who have expressed concern … Topics : Linkedinlast_img

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