Sinar Mas insurance premiums Raup Rp 4.85 Trillion Throughout 2015

JAKARTA - Sinar Mas insurance premiums Raup Rp 4.85 Trillion Throughout 2015, PT Asuransi Sinar Mas realization premiums recorded a growth of 3%, although the targets throughout the year realized only 95%.

Sinar Mas insurance premiums Raup Rp 4.85 Trillion Throughout 2015, Director of PT Asuransi Sinar Mas Dumasi MM Naidoo said it was still able to record a growth of up to 3% when compared to the acquisition premium throughout 2014.

Nevertheless, the acquisition is still slightly below the target-owned insurance subsidiary of Sinar Mas Group, which reached Rp5.1 trillion.

"Achieving insurance premiums Sinar Mas until the end of 2014 Rp4,848 trillion, up 3% compared to 2014," he told Business Monday (11/01/2016).

With the acquisition premium, Asuransi Sinar Mas recorded only realize 95% premium target defined throughout 2015.

When compared to the acquisition premium at the end of the third quarter / 2015, which reached Rp4,11 trillion, the realization of the company's premiums in the last quarter of last year reached 15% of total revenue.

At the time, Dumasi said Sinar Mas Insurance premium revenue increased by 12% when compared to the achievements of the company in the same period in 2014. At the end of the third quarter of last year it had recorded a total gross premiums amounting to Rp3.66 trillion.

A number of important business lines, namely property or property insurance, motor vehicle and health, still dominates the gross premium income. Property insurance contributed valued at Rp1.92 trillion or 46.47%.

Then followed by motor insurance which contribute substantially to 25.28%, ie car insurance amounting to Rp687 billion and motorcycles amounted to Rp352 billion. Health insurance accounted for about 10.82%.

"Then [the health insurance premiums accounted for Rp445 billion," said Dumasi.

Dumasi said it has set new performance targets for 2016. Even so, it could not explain any further details of the performance projections.