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Improper Insurance

Tuesday, February 12, 2019

The storm at the heart of Asuransi Jiwasraya shows latent problems with all state-owned companies: poor financial management and imprudent investments.

arsip tempo : 171360175286.

Improper Insurance. tempo : 171360175286.

The company, which was established during the Dutch colonial period, has had to delay payment of claims under the JS Proteksi plan totaling Rp802 billion. The state auditor needs to investigate the possibility of illegal practices behind the high-risk share investment scheme that ended up throttling the company.

Jiwasraya appeared to be in good shape when it was headed by Hendrisman Rahim. Alongside him was Harry Prasetyo as finance director. M

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