08.08
Still high risk of flooding in Indonesia, the economic community of middle to lower level of awareness of insurance and the public is still low, making the company the market leader re-Assuransi in Germany, Munich Re with local partners launched a micro insurance product for the flood risk in the first in Asia southeast.
Based on data from the Economist Intelligence Unit, Indonesia is the fourth largest country in the world in terms of the total population, after China, India and the United States.
Number of population in Indonesia is predicted to be 243 million increase in population by 2010, from 234.7 million in 2007.
Data from the World Bank estimates that the ability level of consumption around 49% of the population still below the U.S. $ 2 per day. Referring to the figures, the Munich Re insurance traditional conclusion still difficult to reach most households. Micro-insurance can be an alternative solution in the fight against poverty and to contribute to economic and social stability for the population.
Currently only 3% of the economy down the middle to have access to insurance products in the world’s 100 countries third world, Munich Re believes will have a micro-insurance segment of the market, which continues to grow. Munich Re believes that the offer micro-insurance products for middle-economic people are not only down to become a corporate social responsibility, but can become a strategic topic for the future, especially for those who are at risk of natural disasters.
Project in Indonesia
In the context of Indonesia, Munich Re holds, the flooding has occurred repeatedly, especially in Jakarta will be a threat to bring the various economic and social impacts such as damaged buildings, loss of potential revenue, expenses for the cost of treatment is higher, the price jumped sembako, this can become a heavy burden for the society to the bottom of the economic middle.
For the initial stage, this project will be tested in 23 districts in Jakarta who have been selected. Each household is given the opportunity to get protection from various socio-economic impact due to flooding. Participants will be given a card insurance protection that can be obtained with money Rp. 50 thousand and will get a replacement Rp. 250 thousand in case of flooding, for example, if the water in the Manggarai Gate Water height above 950cm (mode 1).
Munich Re Insurance menggandeng Wahana Tata as local partners are responsible for marketing, distribution, product sales in the area of micro-insurance pilot Jakarta. Founded in 1964, Insurance Wahana Tata is one of the 10 general insurance companies on board in Indonesia. Field includes the insured property, marine, oil and gas, and the national motor insurance with 800 employees in more than 30 branch offices.
No Comment.
Add Your Comment