Business activity through a surety bond guaranteeing the project is estimated to grow 15% -20% this year, along with underwriting requirements.
This opportunity is assessed following a more open after the issuance of Presidential Decree No.. 54/2010 on Government Procurement of Goods and Services in lieu of the Presidential Decree. 80/2003 to cancel the surety bond product removal plan.
Chairman of the General Insurance Association of Indonesia (AAUI) Cornelius Simanjuntak said the publication of the regulation of business activity has returned to the surety bond insurance industry.
"I think the surety bond business could be better this year with growth of around 15% -20%, due to the issuance of PP. 54/2010. Regulations that make them no longer have to worry about organizing the business, "he said, today.
Meanwhile, construction of infrastructure in the country in 2011 considered an important issue for business surety bond, considering the budget for the Ministry of Public Works reached Rp57, 2 trillion, up 56% from Rp36 trillion last year.
Director of Insurance Artarindo Suhartono said it would target the surety bond business activity grew 50% in tahunini, following the company hopes soon bagging permit non-construction surety bond.
This opportunity is assessed following a more open after the issuance of Presidential Decree No.. 54/2010 on Government Procurement of Goods and Services in lieu of the Presidential Decree. 80/2003 to cancel the surety bond product removal plan.
Chairman of the General Insurance Association of Indonesia (AAUI) Cornelius Simanjuntak said the publication of the regulation of business activity has returned to the surety bond insurance industry.
"I think the surety bond business could be better this year with growth of around 15% -20%, due to the issuance of PP. 54/2010. Regulations that make them no longer have to worry about organizing the business, "he said, today.
Meanwhile, construction of infrastructure in the country in 2011 considered an important issue for business surety bond, considering the budget for the Ministry of Public Works reached Rp57, 2 trillion, up 56% from Rp36 trillion last year.
Director of Insurance Artarindo Suhartono said it would target the surety bond business activity grew 50% in tahunini, following the company hopes soon bagging permit non-construction surety bond.
