trending Market Intelligence /marketintelligence/en/news-insights/trending/eui8akqgordsjf0gnwsypw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Affiliate of Indonesian life insurer to get 2 trillion rupiah capital injection

Mining Exploration Insights – May 2020

Essential Energy Insights - May 14, 2020

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Credit Analytics Case Study: Provogue (India) Limited and Shree Renuka Sugars


Affiliate of Indonesian life insurer to get 2 trillion rupiah capital injection

An affiliate of struggling Indonesian life insurer AJB Bumiputera 1912, or Bumiputera, will receive a capital injection of 2 trillion rupiah from a consortium led by media mogul Erick Thohir, The Jakarta Post reported Dec. 29, citing the company's statutory management coordinator, Didi Achdijat.

The consortium will invest the capital into PT Bumiputera Life Insurance, or BLI, a newly established firm that will continue the operations of Bumiputera. BLI is expected to commence operations in 2017, after receiving a license from Indonesia's Financial Services Authority in November.

Bumiputera's assets stand at 11.3 trillion rupiah, while its liabilities totaled 29 trillion rupiah in 2015. BLI was set up since Bumiputera operates as a mutual insurance company where policyholders serve as shareholders, preventing outside investment.

BLI will share 40% of its profit with Bumiputera.

As of Dec. 28, US$1 was equivalent to 13,485 Indonesian rupiah.