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Aditya Hadi (The Jakarta Post)
PREMIUM
Jakarta ●
Fri, May 26, 2023
Indonesian life insurers have reported a drop in premium revenue that they attribute chiefly to lower income from unit-linked products.
The Indonesian Life Insurance Association (AAJI) stated that premium income of life insurance companies dropped to Rp 45.6 trillion in the first quarter (Q1) of this year, which is down 6.9 percent from Rp 49 trillion in 2022.
According to Budi Tampubolon, chairman of the AAJI’s management board, the dip was caused especially by a decline in revenue through bancassurance channels.
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