microtakaful conference indonesia hasyim... · 2017-07-28 · perlindungan sahabat credit life...
TRANSCRIPT
Microtakaful Conference Indonesia
PT AVRIST ASSURANCE
2014
Life Takaful Penetration (Contribution)
For The Last 5 Years
Source :
- M. Shaifie Z, “Persoalan operasional yang dihadapi industri asuransi & reasuransi syariah dan studi kasus
- AASI
61,726
75,596
96,441
103,513
113,930
2,509 3,022 4,084 4,816 7,160
4.06% 4.00% 4.23% 4.65%6.28%
23.72%
20.45%
35.14%
17.92%
48.67%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
-
20,000
40,000
60,000
80,000
100,000
120,000
2009 2010 2011 2012 2013
Bru
to C
on
trib
utio
n ( B
illio
n R
up
iah
)
Life Takaful Penetration (Contribution) For The Last 5 Years
Total Life Insurance Syariah Life Insurance Portion of Syariah Life Insurance Growth of Syariah Contribution
Syariah Insurance and Reinsurance
Asset Growth Q1, Q2, Q3 & Q4 2013
11,393
12,369 12,147 12,792
3,581 3,659 3,800 3,869
14,975
16,029 15,947 16,661
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Q1 2013 Q2 2013 Q3 2013 Q4 2013
Ass
et
(Bil
lio
n R
up
iah
)
Syariah Insurance and Reinsurance Asset Growth Q1, Q2, Q3 & Q4 2013
Life Insurance & Syariah Unit General Insurance & Syariah Reinsurance Total Syariah Insurance
Syariah Market Contribution and
Asset Penetration Against GDP
Q1, Q2, Q3 & Q4 2013
Source : BPS Press Release No. 14/02/th. XVI date 5 February 2012
Notes :
Contribution (Asset) Penetration = Bruto Contribution (Asset) / GDP
2,237
4,416
6,586
8,878
14,975
16,029 15,947 16,661
0.03%
0.05%
0.08%
0.11%
0.18%
0.19% 0.19%0.20%
0.00%
0.05%
0.10%
0.15%
0.20%
0.25%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Q1 2013 Q2 2013 Q3 2013 Q4 2013
in B
iili
on
Ru
pia
h
Syariah Market Contribution and Asset Penetration Against GDP Q1, Q2, Q3 & Q4 2013
Bruto Contribution Asset Contribution Penetration Asset Penetration
Our Experienced
• Around 40% of individual member of takaful
business are non moslem
• Takaful portion to total assets is still less than
10%
• In year 2013, takaful business contribute 5%
to total profit
• Tabaru’ fund contributed significantly from
micro takaful
Our Experienced
Covered Small loan for women
Credit life takaful pays a death benefit of
initial loan coverage
– Average loan = Rp 800 thousand
– Tenor loan = less than 1 year
– Mode entry age = 47
– Premium = less than Rp 3,000
– Total member = around 19.000
Our Experienced
Perlindungan Sahabat
Credit life takaful pays a death benefit of
outstanding loan coverage
– Mode loan = IDR 50 mio
– Mode tenor loan = 3 years
– Mode entry age = 38
– Premium = single premium
– Total member = around 28.000
SUCCESS KEY OF
MICROTAKAFUL
Building Distribution Channels
Simple product and easy to understand
Support from regulator and industry
Collections of Premium (Renewal Premium, Longer grace period, Bundling with financing installment)
CHALLENGES
Collection Channels
High cost, low persistency,
simple product
Low Awareness of Takaful
Institution, e.g. Bank,
cooperative, post
office
NGO, e.g. BTM
Individual , e.g
Agency ,worksite
Our Respond
Build Distributions Channels
• MNU
• Cooperative
• Rural Bank (BPR)
Build micro Takaful product
• Voluntary base with affordable premium
• Wide coverage, death, accident, hospital benefit
cash
• Improve collection premium process
THANK YOU