Wanaartha Eyeing Premium Revenues Growth at 40%

JAKARTA: PT Asuransi Jiwa Adisarana Wanaartha is eyeing to bolster premium revenues by 40% for 2011 from this year's projected revenues of IDR1.5 trillion.Managing Director of Wanaartha Life Eddy Berutu said premium revenues until the third quarter of
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News Editor - Bisnis.com 24 Desember 2010  |  04:24 WIB

JAKARTA: PT Asuransi Jiwa Adisarana Wanaartha is eyeing to bolster premium revenues by 40% for 2011 from this year's projected revenues of IDR1.5 trillion.Managing Director of Wanaartha Life Eddy Berutu said premium revenues until the third quarter of 2010 hit IDR1.2 trillion, rising 57% from the same period last year and higher than the national premium revenues growth of 30%.Moreover, the company also found its non-premium revenues, consisting of investment revenues, reinsurance claim, and others, rising to IDR115.5 billion.In addition, the number of policyholders until the third quarter of 2010 surged 5,780 holders or 20% to 355,245 holders from the same period last year. "If economic condition next year will be as steady as this year, we are optimistic things will be better for 2011. We target premium revenues growth at 35%-40%," he told yesterday, adding the projected growth for 2011 would be supported by the company's business expansion plan through the launch of several products and services, such as unit-linked products.

"Furthermore, we also plan to launch another new product for the corporate segment in the first semester of 2011." Networks expansionEdy said the projected growth would also be attributable to the realization of marketing office opening in various regions. Until November, the company had opened 21 marketing offices. "The offices are opened to cater to the growing market potential nationwide. In the future, we will keep increasing the number of marketers and offices."

Eddy added Wanaartha at the moment had less than 1,00 agents and expected to double the number next year. He continued the company was also committed to increasing the competency of marketing agents for 2011 through various structured trainings.

"This has especially something to do with government regulations on certified agents." Record by Bisnis showed Wanaartha early this year fixed its premium revenues target at IDR1 trillion, rising 45.34% from IDR688 billion in 2009, which rose by 21.96% from IDR564 billion in 2008. (NOM)

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