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Industrial Executive Director of the Indonesian Association of General Insurance Dody Achmad Sudiyar Dalimunthe hopes that the relaxation will increase the business turnover of property insurance, which in the first quarter of 2018 decreased by 10.1% over the same period last year.
In the first quarter of 2018, AAUI recorded a property insurance business of 699 billion rand. Compared with the same period last year, the figure has decreased by 10.1% compared to the figure of 4 110 billion Rp in 2017.
According to him, the existence of "the" such a policy will facilitate the purchase of housing and encourage the growth of home loans. In line with this, the demand for property insurance products will be encouraged
"Our hope is so," he said, Thursday (28/06/2018).
In addition, this policy is considered in line with the trend the commercial portion of residential property in its portfolio. Residential occupancy properties are expected to increase as the housing and apartment sectors develop.
This simultaneously encourages bank and insurance claims. He explained that residential occupations have low-risk features compared to commercial or industrial enterprises
"However, it is difficult to know the increase in residential occupancy as property insurance does not specify business-specific data, we indicate that the decline is in high-risk commercial and industrial occupations. "(19, id)) return js = d.createElement (s); js.id = id; js.src = "http://connect.facebook.net/en_US/all.js#xfbml=1&appId=735125016503599"; fjs. parentNode.insertBefore (js, fjs);} (document, 'script', 'facebook-jssdk');
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Tags insurance LTV property push Relaxation
