Jiwasraya could have knock-on effect on financial sector


High-ranking officials have expressed concern that the fiasco at state-owned insurance company Asuransi Jiwasraya will undermine faith among the public and investors in the country’s financial institutions. State-owned Enterprises Minister Erick Thohir gave an assurance on that the government would take several measures, including establishing an insurance holding company, to ensure Jiwasraya has sufficient cash flow to gradually pay out on its customers’ matured policies.


January 10 2020, The Jakarta Post - Read 7 times

 
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