Garuda aiming to complete restructuring by year-end flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.
The customer policy restructuring process of financially-stricken state-owned life insurer Asuransi Jiwasraya is approaching its final stage.
It is understood that more than 80% of Jiwasraya s customers have agreed to join the restructuring programme.
Jiwasraya, with the support of the government, seeks to reduce its losses and to maintain policy benefits for 2.5m Jiwasraya customers, reported
Kontan. However, as of the end of 2020, Jiwasraya s equity was negative at IDR38.64tn ($2.7bn), and the solvency ratio stood at -1,000.3%.
The restructuring programme involves the migration of Jiwasraya s policyholders and their policies to IFG Life, which was set up to resolve Jiwasraya s outstanding obligations to customers. IFG Life, established by the Ministry of State Owned Enterprises (BUMN Ministry), received its operating licence in April. The new insurer received an injection of funds from the government of IDR20tn.
Republic of Indonesia Presentation Book marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Science’s COVID-19 reporting is supported by the Pulitzer Center and the Heising-Simons Foundation.
A new face at the helm of Indonesia’s Ministry of Health has raised scientists’ hopes that the country may take a more scientific approach to its increasingly desperate struggle with COVID-19. In a 22 December 2020 cabinet reshuffle, Indonesian President Joko Widodo named Budi Gunadi Sadikin, who has a degree in nuclear physics, as health minister. He took over from Terawan Agus Putranto, a military doctor known for pushing a controversial, unproven stroke therapy he had developed himself. His sluggish, secretive management of the pandemic was widely seen as a failure.