Red Alert for the Insurance Industry
Monday, April 18, 2022
State-owned insurance companies continue to exhibit poor business management. This adds to the risk of an insurance industry that is in considerable danger.
There is a major danger lying in waiting for the insurance business in Indonesia. Still yet to fully recover from the impact of the pandemic, this sector will face an increase in risk from insurance products that it sold in order to sustain the industry over the last two years. If it does not immediately increase the level of caution and put right its corporate governance, the insurance industry could collapse.
It is ironic that state-
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