Aviation insurance business

Posted by Sholkan Achmad Sunday, November 21, 2010

JAKARTA (Bisnis.com): aviation insurance business (aviation) in the country is assessed as not yet fully explored because of lack of understanding of actors terhadapan insurance broker risk coverage in the sector.
Director of PT Asrinda Arthasanga (Asrinda RE Brokers) Tavip Gamalsyah said it was assessing the lack of insurance players in the airline business is because the coverage is very complex objects that require specialized knowledge related to the conditions and risks.
In addition, the lack of capacity in the country urged the insurance brokerage firm to transfer the risk premium on foreign brokerage firms such as Lloyd's of London.
"Apart from lack of knowledge, risk coverage capacity of domestic insurance companies are also very limited so that the premiums largely run out of the country," he told Bisnis.com, today.
Meanwhile, the business potential in the aviation sector in Indonesia is very large in line with business growth paskapai local flight, currently at about five airlines.
Tavip explain the current insurance players who entered the aviation insurance coverage is very minimal, to a large category only PT Asuransi Jasa Indonesia, which cover the company's state-owned airlines such as Garuda Indonesia Airlines and Merpati Airlines.
"Because of limited capacity and understanding of aviation insurance, the players in this business very little. To a large category only Jasindo, whereas only a small risk sharing," he said. (Fh)

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