PT Asuransi Adira Dinamika (Adira Insurance) has posted the premium income
of IDR520 billion, an increase of 18% from IDR443 billion in 2006.
The Chief Finance Officer of Adira Hafid Hadeli said the premium income
has beaten the target of IDR500 billion. "Automotive insurance contribute
75% to the total premium income."
The net profit, meanwhile, has increased by 25% from IDR91 billion to
IDR115 billion - IDR120 billion. He said that the profit and premium
income will grow by 20%-25% this year.
He said that in 2008 the company will offer new product but it will still
focus on automotive insurance. "We will also develop non automotive
insurance like on property."
The company's investment also has increased from IDR577 billion in 2006 to
IDR730 billion, consisting in time deposit (30%), bonds (40%), and mutual
fund (30%). The investment result was IDR74 billion compared with IDR50
billion in 2006.
"The investment portfolio will be the same. The minor change is on bonds
that will be partly moved to mutual fund."
The company has launched the new product of Motopro, a special insurance
foe automotive. It covers the risk on motorcycles as well as on the
riders.
The product covers the risk on fire, stealing, and accident. It also
covers the risk of personal accident with the maximum claim of IDR20
million for death claim and IDR1.5 million for personal accident claim.
The minimum coverage is one year and the motorcycle must be less than
seven years old. The premium rates are various such as 2.8% for Jadetabek,
West Java and Banten, 2.3% for Sumatera, Sulawesi, Kalimantan, and 2% for
Central Java, Yogyakarta, East Java and Bali 2%. "We seek IDR300 billion
from this product this year," said the Business Development Division Head
of Adira Insurance, Maya Pudjianto.
The Managing Director of Adira Insurance Indra Baruna said that the
potency of motorcycle insurance is huge as there are seven to eight
million units of motorcycle that have passed credit period while the
annual purchase of motorcycle reaches 500,000 - 700,000 units.
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