Head of Bapepam-LK Sharia Insurance Ministry of Finance, YattyNurhayati, said Takaful premiums increased in 2009 which amounted to 44 percent has been exceeded conventional insurance premiums arebelow 20 percent. In 2009 Takaful posted gross premium of Rp 2.3 trillion, an increase from 2008 which amounted to Rp 1.6 trillion. "As of March 31, 2010 Takaful premiums collected amounted to Rp 701billion from Rp 23.6 trillion, or 2.96 percent market share," said Yatty to the media, June 4.
He said although the market share of TakafulIndonesia is still relatively small compared to Malaysia, which hasreached above six percent, but Indonesia has the opportunity to growlarger. He said the number of Takaful players in this year was increased by onelife insurance company and a unit of Islamic sharia insurance. With the addition is now there are 44 Islamic insurance business.
The details are the three Islamic insurance company, an Islamic insurance, Islamicinsurance 17 units, 20 units of Islamic insurance and reinsurance three units of sharia. As of March 31, 2010, Takaful investment amounted to Rp 2.3 trillion, the claim of Rp 280 billion and assets of Rp 3.2 trillion. Of life insuranceassets are sharia has its share of Rp 2.3 trillion and insurance andreinsurance losses of Rp 916 billion. While life insurance premiumssharia Rp 558 billion and insurance losses and Rp 143 billion
