News

Insurance

Staff Reporter

, Indonesia

Published:

3 years ago

FWD to invest in Indonesia's BRI Life

Existing BRI Life customers will not be affected by the investment.

FWD Group has entered into a conditional share subscription agreement to invest in a minority stake of BRI Life, the life insurance arm of Bank BRI, the company announced in a press release.

Following this, BRI Life will enter into a 15-year life insurance distribution agreement with BRI.

Existing BRI Life customer policies will not be affected by the investment, and customers will continue to receive their protection, benefits and services in accordance with the terms of their policies, FWD assured in the announcement.

Following this investment, FWD said that it plans to work closely with BRI as part of the partnership and contribute to the management and transformation of BRI Life into a leading life insurance company in Indonesia.

FWD’s agreement to invest in BRI Life follows its recent acquisition of PT Commonwealth Life and the signing of a 15-year distribution partnership with PT Bank Commonwealth in Indonesia.

Photo by Oleg Magni from Pexels

Also Read

What lies ahead for airline insurance market in Q2 2024?

Philippines receives over 13,000 claims from local planholders

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What lies ahead for airline insurance market in Q2 2024?

It is grappling with uncertainties surrounding leased aircraft claims originating from Russia.

Insurance

14 hours ago

Philippines receives over 13,000 claims from local planholders

More than 5,000 claims were personally filed by planholders.

Insurance

14 hours ago

Capital strain looms for Guoren P&C amidst delayed shareholder injections

It could impact the company's ability to withstand fluctuations in its equity base amidst a volatile capital market.

Insurance

14 hours ago

Korean insurers face tax challenges amidst IFRS 17 adoption: Report

The sudden increase in reserves has triggered calls for regulatory adjustments.

Insurance

15 hours ago

Exclusives

Is ‘Londonisation’ good for Asia’s M&A insurance market?

Industry experts dissect the region’s low usage rates for M&A insurance despite more industry players entering the field.

Insurance

16 hours ago

Pressures mount for less desirable energy insurance placements

Industry experts eye offshore investments as most attractive, yet more expensive.

Insurance

Markel targets professional indemnity market in Australia

Head of professional and financial risks, Kym Beazleigh, explains the game plan in Markel’s strategic expansion.

Insurance

Natural disasters steer Asia Pacific towards parametric insurance

Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.

Insurance

Event News

Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong

Co-Written / Partner

The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.

Co-Written / Partner Insurance fraud prevention with SAS: Strengthen today's strategies with tomorrow's solutions

Co-Written / Partner Make sure you don’t miss the Insurance Asia Forum in Kuala Lumpur

Co-Written / Partner Insurance Asia Forum 2024 convenes in Jakarta to shape the future of insurance

Co-Written / Partner Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong

The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.