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Indonesia best insurance companies 2012

Best Insurance stock - Republic of Indonesia best insurance companies 2012 : Investor Magazine presented awards to nine national insurance companionship that won the championship of Best Insurance 2012, includes iv life insurance, full general insurance together with i iv reinsurance.
 
In the lawsuit the laurels conferment Best Insurance 2012 inwards Ballroom, Four Season Hotel, Jakarta, Wed (4/7) evening, Investor journal too gave exceptional recognition to i of the full general insurance together with life insurance, together with the Star Award to an insurance company.

In grouping insurance, PT Prudential Life Assurance won the best seat for the category of assets inwards a higher house Rp xv trillion. In the category of assets betwixt Rp 5 trillion to Rp xv trillion, an laurels given to PT AXA Mandiri Financial Services.

 
Meanwhile, PT Panin Life won the superlative seat inwards the category of assets of Rp 3 trillion to Rp 5 trillion, followed yesteryear PT Life Insurance Adisarana Wanaartha who won the best seat for the category of assets inwards a higher house Rp 1 trillion to Rp 3 trillion.

 
In the full general insurance group, iv companies of the twelvemonth filled alongside novel winners. Insurance PT Sinarmas won the laurels for the category of assets inwards a higher house Rp 3 trillion. Insurance Fund PT Bina Arta Tbk successfully cash inwards one's chips the best insurance companies inwards the category of assets betwixt Rp 1 trillion to Rp 3 trillion. The best seat for the category of assets of Rp 500 billion together with Rp 1 trillion won PT Bangun Askrida 
Insurance, General Insurance spell PT Mega ambit the best seat inwards the category of assets betwixt Rp 250 billion to Rp 500 billion.

 
Meanwhile, inwards the category of reinsurance, Reinsurance Republic of Indonesia Tbk PT airline over again defended his performance concluding twelvemonth equally Best Reinsurance.

 
To-9 insurance companies chosen equally the best insurance companies inwards the group, respectively, subsequently passing the preliminary alternative together with ranking procedure Investor Magazine alongside a ranking criteria.

 
Investors too gave a exceptional award, for life insurance based on the highest investment increment over the adjacent 5 years to PT Adisarana Wanaartha Life Insurance, together with a exceptional laurels for full general insurance underwriting yesteryear the highest increment over the adjacent 5 years to PT Jaya Protection Insurance.

 
This year, Star Award is given dorsum to PT Prudential Life Assurance Life Insurance inwards the best seat to successfully defend for 10 consecutive years.

 
The ranking criteria 
Chairman of Judges Herris Simandjuntak said, referring to this year's ranking of published fiscal statements inwards 2008 to 2011. Based on these data, together with and hence create the calculation together with assessment based on agreed criteria for life insurance together with full general insurance.

 
"Determination of the best insurance refers to the publication of the results of fiscal contention information are together with hence ranked yesteryear the ranking criteria are agreed," said Herris inwards the event.

 
The ranking this fourth dimension using xiv criteria, both for full general insurance, life insurance, together with reinsurance. Criteria for full general insurance covers, the average property increment of 3 years (2008-2011), increment inwards average total investment of 3 years (2008-2011), increment equity average of 3 years (2008-2011), the increment premium immediate closure 3 years (2008-2011), the increment of cyberspace premiums an average of 3 years (2008-2011), increment inwards underwriting an average of 3 years (2008-2011), the increment of investment returns average of 3 years (2008-2011), net turn a profit increment of an average of 3 years (2008-2011), the marketplace percentage of cyberspace premiums inwards 2011, the ratio of cyberspace premiums underwriting to 2011, TATTOO (Total Asset Turn Over) 2011, ROA (return on assets) 2011, ROE (return on equity ) 2011, together with RBC (risk-based capital) 2011.

 
Meanwhile, the xiv criteria for full general insurance, life insurance equal to a majority, except for the immediate closure criteria premium increment of 3 years (2008-2011) that specifically applies to full general insurance. Then the increment of the underwriting 3 years (2008-2011) together with the ratio of cyberspace underwriting the premium applicable to full general insurance together with reinsurance. While the criteria for 3-year increment inwards gross premiums written specifically utilize to reinsurance.

 
Not all insurance companies participate rated. There are a issue of companies create non exceed the initial alternative based on the requirements laid upward jury. Initial alternative of covers, 2011, published fiscal statements bring been audited, the fiscal statements 2011 did non instruct a disclaimer opinion, a minimum of 120% RBC, withal inwards functioning until the ranking is made, non inwards the status of PKU (restrictions on trace of piece of occupation concern activity) yesteryear the Ministry of Finance, non the exceptional atmospheric condition (run off, transition, etc.), at to the lowest degree $ l billion inwards equity, full general insurance assets inwards 2011 over Rp 100 billion, assets of life insurance inwards 2010 to a greater extent than than Rp 1 trillion, did non endure losses inwards 2011, equally good equally the consummate data.

 
Based on the initial selection, in that location are 22 life insurance companies together with 53 full general insurance that does non exceed the initial selection.

 
In addition, in that location are iii Islamic insurance companies did non participate inwards consideration of incompatible rated rated alongside non-Islamic insurance. Thus, it tin terminate move rated equally many equally 57 companies, each alongside iv reinsurance companies, 23 full general insurance together with thirty life insurance.

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