, Indonesia
125 views
Stock photo. Credits to Unsplash.

Astra International mulls sale if insurance business

The deal could value the business at $500m.

Indonesian conglomerate Astra International is mulling the potential sale of its life insurance business PT Asuransi Jiwa Astra (Astra Life).

In a report by Bloomberg, the company is supposedly working with a financial advisor for the sale. The deal could potentially value the business at $500m.

ALSO READ: Insurtech KoverNow launches protection for luxury watches

Astra International is said to be mulling a variety of options such as a partial stake sale, setting up a joint venture company, and a bancassurance partnership.

The discussion is still at the early stages and it is still possible Astra International would decide to retain the asset, the report said.

Join Insurance Asia community
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!

Exclusives

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
InterContinental Singapore is saving insurance for a rainy day
NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel’s rain insurance offer.