Without RDI, investors can still deal

JAKARTA. The implementation of retail customer accounts segregated securities firms began February 1, 2012 appeared to still be tricked. Many retail investors are still able to transact the sale of shares, although not yet have your own account alias account of customer funds or investors (RDN / RDI).

Yunita Lindasari, Head of Transaction Securities Institute of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) said it encountered offense in the application of RDI. "Some customers without RDN remains transact the sale of shares," said Yunita, during a press conference on Friday (3/2).

Unfortunately, Yunita reluctant to specify the amount and the rogue investor transactions. Yunita also silent about companies and securities that facilitate the transaction. The reason, it still must examine the case further. "We have to check and re-check first," said Yunita.

He just said, than 320,000 retail investors, who have had RDI per February 1, 2012 as many as 78 635 people. Then, as many as 29 000 investors have already committed to RDN. With that commitment, investors will have the RDN in the coming days.

Sanctions

Yunita confirmed, it will drop the witnesses for the parties that the policy violates the separation of the account. For customers, Bapepam-LK ready to drop the administration witnesses. As for the company in effect, a warning will be sanctioned. "We'll watch the first, and will provide penalties, recall, suspension, until a fine," said Yunita.

Ananta Wiyogo, President Director of Indonesian Central Securities Depository (KSEI), declined to elaborate, the cause of the violation. To be sure, KSEI know all of the stock trading at the Indonesian Stock Exchange. "I can not answer because it is internal consolidation with Bapepam-LK," said Ananta.

Bernard Thien, President Director of CIMB Securities Indonesia ensure that violations do not occur in the company. "Because all our customers who do not have direct RDN suspended, may not be able to transact the sale," said Bernard.

CIMB Securities Indonesia has about 4,000 retail customers. Of that total, only 50% are active. "As of February 1, 2012 There are thousands of customers affected by the suspension because it does not have the RDN," said Bernard. However, Bernard added that customers who do not have the RDN by February 3, 2012 hundreds of people living alone.

Record, according to Circular Letter No. 01/2012 on Account Opening Funds on Behalf of Each Customer, investors are prohibited from trading transactions without having RDN per February 1, 2012. Investors are only allowed to complete the transaction before the transaction.

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Sun Life Financial Obtain Award from Corporate Knights

Sun Life Financial is the only insurance company in North America who voted in the Global 100 Most Sustainable Companies in the World for 2012. The survey was conducted by Corporate Knights magazine and announced at the World Economic Forum in Davos, Switzerland.

"Sun Life is one of six Canadian companies from all industrial sectors are selected in this list" said Dean Connor, Chief Executive Officer of Sun Life Financial. "This ranking is a testament to our commitment to manage the sustainability of the things that are proactive in our business. As a company that develops and provides long-term financial products, we make a promise that will be valid for decades to come. "

The existence of Sun Life as the only North American insurance companies in the Global 100 also becomes an affirmation to our customers that Sun Life Financial focuses on the needs of the community. "Being sustainable emerged as a competitive differentiator. Moreover, many customers who want to do business with companies that are in line with the values they profess. This means keeping Sun Life, a financially strong, with effective governance and innovation that will bring a bright future, "said Connor again.

This year, Corporate Knights ranking methodology to revise them and impose more stringent requirements to demonstrate continuous performance of the company. This is the sixth year of Sun Life took this position. Besides listed in the top 100 Global, Sun Life Financial is the only life insurance companies listed in the 50 Best Corporate Citizens of Canada (Canada's 50 Best Corporate Citizens) version of the Corporate Knights in 2011 and "Reliable Life Insurance Company" in Canada according to a survey of consumers about the brand trusted conducted by Reader's Digest in 2011.

Sun Life Financial is an international financial services organization that provides a variety of protection products and the accumulation of wealth for individuals and corporate clients. Founded in 1865, Sun Life Financial and its partners are currently operating at world's major markets, including Canada, the United States, Britain, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of 30 September 2011, Sun Life Financial group of companies had total assets under management of CDN $ 459 billion.

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Financing Adira Finance will slow this year

JAKARTA. Manajemen PT Adira Dinamika Multifinance Tbk (ADMF) believe disbursement of credit financing by 2012 this could be increased compared with last year. However, the distribution of financing growth target this year is smaller than the previous period. Adira Finance Management only set a target growth of 10% financing.

I Dewa Made Susila, Adira Finance Director Finance, projecting, financing disbursement in 2011 of around Rp 30 trillion to Rp 31 trillion, grew by 25% than in 2010. "Targeting the year 2012 of about Rp 34 trillion, or grew about 10% only," said Made, Monday (2 / 1).

The growth was slower than last year due to sales of automotive passion is not as tight as last year. In 2011, sales of four-wheeled vehicle can grow more than 10% or exceeded 900,000 units. Sales of motorcycles drove up to 8 million units more or grew about 10%. "This year, car sales could grow 10%, but if the bike is only about 5%," said Made.

The reason, the motorcycle market in the island of Java is already saturated. In fact, Java has been a major market sales of motorcycles.

Made add, Adira require additional funding to achieve those targets. The fund is to finance automotive loans. "Most do not require funding of about USD 3.5 trillion," said Made.

The plan, management of Adira Finance will seek funds through capital markets. They will issue bonds. Unfortunately, Made still keeping the debt issuance plans.

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PT Jamsostek Pay Claims Rp 59 Billion

Padang, Indonesia - PT Jamsostek had paid claims of more than Rp59 billion in West Sumatra. Among others, to guarantee 1014 work accident cases with a value of collateral Rp4, 4 billion, the 7541 pension labor warranty with the Rp51, 7 billion. Then, 131 life insurance to the value of labor compensation Rp3, 4 billion. While the overall security payments since 1978-September 2011 has been paid Rp47, 17 trillion from 175.4 million cases.

Service Director PT Jamsostek, Djoko Sungkono on the sidelines of the giving of a unit of Dr Reksodiwiryo ambulance to the hospital yesterday (23/12) said that, as public programs, social security programs provide for certain rights and obligations for companies and labor, so neither the company nor labor can get legal certainty and protection.

To realize this commitment, said Djoko, commencing December 1, 2011, PT Jamsostek Limited has provided additional benefits for heart surgery, cancer, dialysis and HIV / AIDS are also medical check-ups for workers aged 40 years and above for workers assurance program participants health maintenance. "The granting of this benefit is held simultaneously throughout Indonesia," said Djoko.

Mentioned, the development of membership jamsostek until September 2011 is quite remarkable with 245 693 companies and 33.9 million workforce. Special to PT Jamsostek Region I covers an area of ​​North Sumatra, West Sumatra and Aceh, Social Security membership from January to November 2011 2.538 companies with achievement of about 101.49 percent of the company's 2501 target. While the labor force numbers 136,057 workers to the achievement of 105.76 per cent of the target of 128 650 workers.

From the achievements above, the light Djoko, there is a contribution of West Sumatra branch office that is 441 company with 24,847 workers. He added that the addition amount of such membership, an active participant in the Region I Social Security until November 2011 at 12 823 companies with 565,530 workers. "Among other things for a branch office in West Sumatra there are 2436 companies with 85,899 workers," said Djoko.

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Panin Life will add 1500 agents next year

JAKARTA. The rapid business unitlink make life insurance companies vying to hoist the acquisition of the investment-based insurance products in the next year. Just look at the gait Panin Life, which next year will add about 1,500 new agents for the sake of hoisting the acquisition premium.

Now this number of agents in a subsidiary of the Panin Group of 3200. Year-end target of 3500 agents. "Going forward, the agency still must run parallel with bancassurance," said Vice President Director Simon Imanto Panin Life, Thursday (22/12).

Actually in Panin Life, currently the largest contribution to the distribution line is bancassurance, which is 70%. The remaining agencies 15%, and a combination of group insurance, direct marketing, and sharia by 10%. Panin Life Bancassurance because cooperation with major banks such as Bank Panin, Commonwealth, ANZ and DBS to market the product.

Simon said, next year unitlink still growing. But they do not want to rely solely bancassurance. Moreover, the insurance is in the process of licensing two new products for individual segments. Well, in order to more aggressively marketing this product will use an agency.

The agents certainly be certified. So secure in marketing products unitlink. Additional agents to hoist the acquisition premium of Rp 3.2 trillion aka grew 23% from this year. As an illustration, of the total target of Rp 2.2 trillion in premiums in 2012 through November already collected Rp 1.9 trillion.

This figure grew 70% compared to same period last year. Largest contribution was from unitlink, the remaining 90% of traditional products. Next year, Panin Life set a target of Rp 3.2 trillion atawa premiums grew 23% from this year's target.

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Sun Life Premium Income Reaches USD 638 Billion

JAKARTA, Indonesia - The insurance company PT Sun Life Financial Indonesia (Sun Life) announced its financial performance for the third quarter of 2011, Thursday (17/11/2011) in Jakarta.

The company's total premium income reached USD 638.1 billion, an increase of 28 percent from Rp 498.3 billion in the third quarter in 2010. "We are delighted that in the third quarter of 2011 to grow our business profitably," said Bert Paterson, Country Manager of Sun Life Financial Indonesia.

Bert hope to capitalize on this momentum in the fourth quarter. Support comes from the availability of the products value-for-money is expected to meet the needs of our customers.

As of October 31, 2011, Sun Life has more than 4,800 agents in 43 sales offices in 29 cities across Indonesia, five partner banks, a non-financial institution partners, and more than 200 telemarketers.

In addition to premiums, First Year Premium income (including Single Premium) the company also rose about 44 percent to the Rp313, 1 billion. Premium Income Unit Link to Rp 424.3 billion, while in the same period last year Premium Income Unit Link is Rp207, 6 billion.

That makes the Sun Life's total assets reached Rp 4.46 trillion, up 2 percent from the third quarter of 2010.

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2023, Indonesia Lead the World Islamic Finance Industry

JAKARTA, Indonesia - The development of Islamic financial industry in Indonesia is predicted to continue to grow in 2012. In fact, Indonesia is predicted to lead the world's Islamic financial industry in 2023 with total assets of 1.597 trillion U.S. dollars.

In 2023, the world's Islamic financial industry is predicted to have assets of up to 8.6 trillion U.S. dollars. Indonesia Islamic finance industry's assets will be in Pakistan which has assets of over 1.388 trillion U.S. dollars. Third world Islamic finance industry will be held in Bangladesh with total assets of 1.154 trillion U.S. dollars. The predictions presented in the Islamic Finance Intelligence Summit in Kuala Lumpur, Tuesday (15/11).

Indonesia Islamic financial industry would defeat the Islamic countries and the Middle East. Egyptian Islamic financial industry assets in 2023 only about 624 billion U.S. dollars, followed by Turkey with assets of 581 billion U.S. dollars. Other Islamic countries, Iran, will have assets of Islamic financial industry for 581 billion, followed by Sudan (204 billion U.S. dollars), and Saudi Arabia (198 billion U.S. dollars).

Countries that have Islamic finance industry will be missed from Indonesia such as the UK, Yemen, Syria, and the Union Arab Emirate (UAE). England will have assets of Islamic financial industry for 190 billion U.S. dollars in 2023. The number is followed by Yemen (187 billion U.S. dollars), Syria (163 billion U.S. dollars) and UAE (94 billion U.S. dollars). Malaysia, which currently has assets of Islamic financial industry will be far the largest in Asia behind Indonesia, namely to 133 billion dollars in 2023.

According to Islamic economists, Adiwarman Anwar Karim, Indonesia has the potential to be the center of the world economy. The potential was backed by two major factors namely population size and creativity. "The potential is hampered by its nature difficult market driven," he said, Wednesday (16/11).

There are four types of industries that will flourish in Indonesia in the future, namely the Muslim fashion industry, halal food, the media with the content of Islam, and Islamic finance. Islamic finance has the potential to grow significantly in the future despite its current market share is still less than 4 percent. Indonesia Islamic bank customers now have 10 million, plus 3.5 million Takaful.

"With a total of 13.5 million that was equal to the total population of Muslims in Malaysia and the next year Indonesia Islamic financial customers equals the number of citizens of Saudi Arabia," he said.

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Axa Mandiri OJK Support Implementation

JAKARTA, Axa Mandiri The insurance industry supports the implementation of the OJK. This rule is very positive for the development of the insurance industry. Hopefully, no longer the case rules that overlap so that Axa Mandiri could further improve its performance. Until the third quarter of 2011, Axa Mandiri's net profit reached Rp 591 billion.

President Director of Axa Mandiri Financial Services Albertus Wiroyo revealed it in the performance of Axa Mandiri exposure in the third quarter of 2011 in Jakarta, Tuesday (11/08/2011). In addition to performance, she asked for ratification of the response related to the Draft Law Financial Services Authority which recently passed the House.

Albertus said, for this industry engaged in bancassurance is very dependent on the regulation of Bank Indonesia and the Bureau of Insurance. Supervision will be better again. Regulation will be organized so that competition becomes more fair.

About the charges, I think so far is still reasonable. If I see advantages in encouraging the performance of the insurance industry, course fees can still be tolerated, said Albertus.

In his presentation, Axa Mandiri just recorded a net profit in the books of the third quarter of 2011 amounting to Rp 591 billion. This number increased 76.5 percent over the same period in 2010 amounting to Rp 335 billion. In fact, has exceeded earnings during the year 2010 amounted to Rp 479 billion.

In the third quarter of 2011, total premiums Axa Mandiri to Rp 3.731 trillion, an annualized new premiums pertahungan reached Rp 2.331 trillion, the fund managed to Rp 9.376 trillion, and the results of non-unitlink investment reached USD 92.4 billion, as well as the strength of its total assets of Rp 10.213 trillion.

Iwan Pasila, Chief Financial Officer of Axa Mandiri, explains, "Investments to be very careful because we also provide some sort of warranty to the customer in order to pay at maturity. For the on-unitlink, we tried on the assets that roughly match the investment characteristics. "

Director of Sales Axa Mandiri K Kadarisman said, there are some channels that have not been optimally developed. Axa Mandiri will optimize the development of micro businesses.

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Habibie's Octopus Family Business

At the national business scene, the family name of former president BJ Habibie was not too loud sound. But who would have thought, now his business empire continues to grow. Under the command of Ilham Akbar Habibie, the eldest son of the couple Bacharuddin Jusuf Habibie and Hasri Ainun, PT Ilthabi Rekatama (IR) that was founded in 1991 showed tajinya increasingly in the international business.

Ilham recently joined IR in 2002 after he reluctantly had to leave the PT Dirgantara Indonesia (DI) - d / h PT Nusantara Aircraft Industry. At that time, Ilham who served as Director of Commercial DI is conducting research to increase the number of its product portfolio. "At least, DI has been successfully delivering products and has been used," he said. But unfortunately, the project should be stopped because there is an agreement between the government and the International Monetary Fund.

Apart from DI, Ilham decided swerved and IR flag. He said the decision to plunge into the family business not because her sister, Thareq, want to release control of the company with a variety of reasons. "Virtually no other choice for families," he said with a laugh.

However, the father of three children are very aware that he was not overly dominate the world of business. So, he decided to gain knowledge in the management of Chicago Booth School of Business (d / h Graduate School of Business, University of Chicago) Singapore Campus.

As he continued his education, Ilham initiate steps to be entrepreneurs. Nobel Ph.D with summa cum laude from the Technical University of Munich, Germany is starting to fix the family company that previously did not managed properly. The focus of the company that formerly divided into manufacturing, services and property began kuangan reorganized. "Initially we also deals in property, but we eventually leave," he said. "Our main focus point to three areas, namely natural resources, manufacturing and technology," he said.

In the mining business, IR has a Sound Oil. Moreover, it also has a coal mining company that has not been the production of, namely PT Ilthabi Bara Utama. The company has a concession in East Kalimantan, an area of ​​35 thousand ha which overall is expected to produce 3.3 billion tons of coal. However, the company recently sold to Bayan Resource. "Now, we are developing coal bed methane business as an energy alternative," said Ilham.

In manufacturing, business IR focus on the business of casting and cooling. IR has a fabrication to casting, the production of radiators, cooling systems engineering (for refrigeration and klimatisasi). Meanwhile, in the field of information technology, currently managing IR www.orbit-digital.com website which is a continuation of Orbit magazine published by the (late) Hasri Ainun Habibie. "Part of the effort we developed with partners," said Ilham without mentioning willing partners.

In addition to these three areas, in fact IR is also managing the corporate financial services, namely insurance Wuwungan. According to Ilham, the company will be retained because it was the first attempt which was built by his family. In addition, also a joint venture between Habibie families with relatives.

Men who also served as Chairman of the Presidium of the Association of Indonesian Muslim Intellectuals mentions that he was quite satisfied with the development of the Group Ilthabi managed. He will continue to strive to improve the welfare of approximately two thousand workers who take shelter under Ilthabi Group. Thus, Ilham will continue to do business development for the business group later became a well respected business group in the country. "One of the center we have developed is the herb business," he said.

Ilham said, one of his obsession is to increase local value added in Indonesia, local technology levels, and create more jobs. According to him, Indonesia's domestic market is very large, and should have a more dominant nasionallah companies in Indonesia market. "We are active in manufacturing because we believe that we need dihilirisasi SDA and it needs the technology and manufacturing," said the man who had a career in this Boeing Aircraft Company.

In the eyes Rhenald Kasali, management analysts, children Habibie high school, they were smart kid who has a doctorate. However, those people who are very sterile and not someone who grew up in the field. Not people who are faced with a situation of market competition is tight to get the order. "If ever they get into the business world, they will enter into a business that is stable and well managed," said Rhenald commented

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Know Your Unit Linked Products

Indo, 2008 crisis had hit sales of unit-linked products alias type equity funds investing in stocks based products fell sharply. For example, according to Manager of Marketing & Commonwealth Life Nonagency sound of chuckle Sofyan Budiman, the product Commonwealth Life equity funds in 2008 was down 50.96 percent.

Not surprisingly, many unit-link customers are traumatized with this product. Benny Putranto, for example, claimed to see the fruit of his money around Rp 150 million in unit-linked fallen drastically. Soon, he closed the unit-linked products and break up the relationship with the insurance company issuing units that link. Until now, he has not dared to try to buy a unit-linked products again.

Why does this happen? Quite simply the answer is, many customers were not yet fully understand the insurance product wrapped in this investment. Not only do not understand well the structure and purpose of investing in unit-link, many of them think, the unit's risk-free link.

In fact, the main principle of buying insurance and investment products is get to know the product you buy. Also, buy a product that suits your needs and your own financial capabilities.

Let not confused dealing with unit link, let us recognize the variety of unit-linked products on the market today.

Based on the placement of funds

As mentioned, link units included in the class of nontraditional insurance. The traditional insurance products consisting of term life insurance and term life or whole life or endowment. Unit-linked products were a mixture of two financial products, ie, life insurance and invstasi products. So. premiums paid by customers are divided into two purposes. First, for the purposes of protection. Second, for the development of investment funds alias. Typically, funds investing in mutual funds played.

Based on the placement of investment funds, unit link is divided into four kinds. Four types are link units or units of money market cash fund unit-linked, unit-linked fixed income fund fixed income alias unit-linked, unit-linked managed fund or unit-linked mixed income, and equity fund units link the alias unit-linked stocks.

Besides, now growing unit-linked products that invest funds or unit linked to Islamic sharia. We think of it, this kind as a kind of fifth.

Why the division based on the placement of funds similar in terms of investment in mutual fund products? Already alluded too, is because the investment strategy of forging unit linked assets in mutual funds.

Sound of chuckle said, the type of recommendation to the customer unit also links with the recommendations of the mutual fund clients, which is in accordance with their nature or their investment patterns: aggressive, modest, or conservative. "But, keep this in unit-linked products, the final choice in the hands of customers," said the sound of chuckle.

Therefore, the sound of chuckle notice, choose the link units also need to adjust the character of your investments and your attitude toward risk. For example, banner Harsanto, Financial Planning & Money Love pointed out, if classified as clients aggressively, then the product is suitable for your equity funds.

Similarly sebalikma prouk equity funds unsuitable for the conservatives. Cause. value of units of this stock-based products follow the movements of stock indices fluctuated. Thus, the development of your investment funds will follow the trend of stock indices.

More precisely, let us discuss one by one type of product. Product unit of cash funds or money market fund portion will put investment in money market instruments, such as Bank Indonesia Certificates (SBI), time deposits, and letters uaang with tenures below one year.

Unit linked financial markets, according to the banner, perfect for those who are not familiar with the risks. In addition to the short tenor, also the lowest risk investments.

Next, unit-linked fixed income products. Usually. This product will put a portion of the fund's investment policy holder at least 80 per cent in debt instruments. New rest in money market instruments. For those of you who want to obtain a relatively stable rate of return, fixed income unit-linked products could be an option.

While on a unit-linked managed fund products, the placement of the portion of funds for investment can be varied, such as stocks, bonds, and money market instruments. For example, the investment will be put in stocks, bonds or money markets. This type of link unit is suitable for the customer who preyed adequate income while expecting the results of long-term investment.

Furthermore, the type of unit linked equity fund products. Sound of chuckle said, the share of investment in this product is very diverse. However, generally the largest portion of shares placed in the instrument. If you are an aggressive type, who expect high investment returns and are familiar with high risk, this product is right for you.

Well, equity funds are also still many variants, depending on the insurance companies that offer. There are insurance companies that focus on infrastructure issuers sahamsaham, nusalnya, or can also type link unit that places a special investment funds in commodity emitenemiten.

Finally, unit-linked products pendmpatan Islamic investment funds based on sharia principles. In unit-linked products shariah, also contains four categories. For example, unit-linked Islamic fixed placement. Placement policy of investment funds in this product is in Surat Wadiah Bank Indonesia (SBI special Shariah) and Islamic bonds.

While unit-linked products sharia type of equity fund, investment funds are usually placed in the shares of these listed companies are included in the list of Jakarta Islamic Index. That is, the stock market listed company whose business did not violate Islamic principles, such as the manufacture of liquor or the production of illicit goods.

Well, this fund category type of placement will be the basis for insurance companies in the publishing unit-linked products of them.

Based on the investment objectives

In addition to the placement of investment funds, products unit, the link can also be distinguished based on objective and investment protection. However, the actual purpose of this investment is not a separate product, but the insurance company's programs in order to match the needs of the customer.

Call it a unit-linked investment objectives for education or retirement. There are also links the family unit or units of professional links. According to the sound of chuckle, this is just a kind of package it in the way insurance companies offer their products.

Based on premium payments

In addition to the placement of funds and investment objectives, link units can also be distinguished by type of deposit premiums, ie single and periodic.

The Light of Financial Planners Financial Planning Consultancy Group Donny A. Wiguna explained, the unit linked single premium, customer must pay premiums in advance at the same time. Furthermore, customers no obligation to pay premiums again.

Single premium payment scheme is more suitable for someone who has been financially stable. Understandably, the deposit premium only occurs once during the period of protection insurance policy. As a result the value of premiums were classified as the largest of the other types of insurance.

Meanwhile, on regular premium system, the customer must pay the premiums in stages. Stages of payment can be monthly, quarterly, or every year until a certain time. This type of link units periodically prenu is suitable for customers who want to get protection and investment, but has a limited capacity of the bag. Typically, these products of their choice who is still young.

As a side note, if you choose this type, your investment funds should not be withdrawn aka locked for a certain period, say, six or seven years. Because, until the third year, your premiums are usually discharged to the cost of acquisition. Only after that, the premium that you contribute can be set aside for investment purposes.

When it produces anything, there are the costs deducted from here, such as fund management fees, administrative costs and others. As a result, investment returns or return will be reduced considerable. Probably, the actual return on a unit-linked investment bacilli can reach 30 percent, but funding was cut so that customers will only receive 20 percent.

Perhaps, are less of a problem if the management of these investments can provide high returns. The problem is when insurance companies fail to generate substantial returns. As a result, once cut, the result is tiny. So, on this condition, the locking scheme can be detrimental to customers.

With this system of regular premium, you can file off the premium if the financial condition you are not allowed to pay premiums. In fact, after a period of time, you may not have to pay the premium value of your investment karma enough to pay the premiums.

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90% of Indonesian People doesn't know Insurance

JAKARTA - The World insurance in Indonesia is believed to still be growing. Because the Indonesian people who are not familiar with the insurance exceeds the 90 percent of the total population of Indonesia.

According to Media-Based Data Management and Insurance Department Head Sinar Mas Listya Lin, with a number of world market share of insurance in the future still has a bright prospect.

"The development of insurance can now be greatly expanded, because given the explored portion of a child insurance to 10 percent who do not understand about the insurance. The share market is still huge," said Listya in casual conversation in the office of Legal, Jalan Kebon Sirih Jakarta, Thursday (4 / 11 / 2011).

Regarding competition in the insurance world by himself, he admitted that the most important now is how to handle claims from consumers, who thinks this is a determining factor in the competitive insurance.

"To increase their own insurance claims handling, especially, because they just feel good when he gets an insurance claim," he explained.

He also hopes the insurance industry can continue to evolve, and provide education or knowledge to the majority of people who do not understand about insurance.

"The world community can continue to expand insurance and we can educate the public to have awareness for insurance," he concluded.

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After disaster: Japan's economy began to recover

In just eight months after a major earthquake and tsunami hit Japan, 11 March, the country is now recovering. Japan's economic growth is expected to be even higher economic growth than Europe and the USA.

This was stated by Deputy Cabinet Secretary for Public Affairs Office of the Prime Minister of Japan Noriyuki Shikata in a press conference on the sidelines of the ASEAN-Japan Summit in Bali Nusa Dua Convention Center (BNDCC), Nusa Dua, Bali on Friday (18/11/2011) morning.

According to Shikata, Japan's economy was devastated and suffered in the first quarter of negative growth (-2.7 percent) and the second quarter (-1.3 percent) in 2011 due to major disasters such. However, the condition was immediately turned in the third quarter, while Japan scored the economic growth of 6.0 percent.

"Economic slowdown (due to this disaster) are not as severe slowdown that occurred after the Lehman Shock," Shikata said referring to the event of bankruptcy of Lehman Brothers in the U.S. in September 2008.

Even according to the predictions of the World Economic Outlook the International Monetary Fund (IMF) which was announced last September 2011, Japan's real economic growth in 2012 is predicted to reach 2.3 percent, or higher than the U.S. (1.8 percent) or the Euro zone (1.1 per cent ).

A variety of key infrastructure in the coastal area east of Honshu Island, the most severely affected by the earthquake and tsunami, also have started to recover, or in the repair process. Lines of staple supplies in the region, which previously were badly damaged, has been fully restored.

Improvements lane highway and the Tohoku Expressway Sendai Airport is expected to be completed within one month ahead.

In a written interview special with Compass few days ago, Prime Minister of Japan Yoshihiko Noda also said the supply chain affected the manufacturing industry was already almost fully recovered. "So the supply of products and components throughout the world also took place smoothly," said Noda.

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