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Indonesia best insurance companies 2012

Best Insurance stock - Indonesia best insurance companies 2012 : Investor Magazine presented awards to nine national insurance company that won the title of Best Insurance 2012, includes 4 life insurance, general insurance and one 4 reinsurance.
 
In the event the award conferment Best Insurance 2012 in Ballroom, Four Season Hotel, Jakarta, Wednesday (4/7) evening, Investor magazine also gave special recognition to one of the general insurance and life insurance, and the Star Award to an insurance company.

In group insurance, PT Prudential Life Assurance won the best position for the category of assets above Rp 15 trillion. In the category of assets between Rp 5 trillion to Rp 15 trillion, an award given to PT AXA Mandiri Financial Services.

 
Meanwhile, PT Panin Life won the top position in the category of assets of Rp 3 trillion to Rp 5 trillion, followed by PT Life Insurance Adisarana Wanaartha who won the best position for the category of assets above Rp 1 trillion to Rp 3 trillion.

 
In the general insurance group, 4 companies of the year filled with new winners. Insurance PT Sinarmas won the award for the category of assets above Rp 3 trillion. Insurance Fund PT Bina Arta Tbk successfully become the best insurance companies in the category of assets between Rp 1 trillion to Rp 3 trillion. The best position for the category of assets of Rp 500 billion and Rp 1 trillion won PT Bangun Askrida 
Insurance, General Insurance while PT Mega achieve the best position in the category of assets between Rp 250 billion to Rp 500 billion.

 
Meanwhile, in the category of reinsurance, Reinsurance Indonesia Tbk PT airline again defended his performance last year as Best Reinsurance.

 
To-9 insurance companies chosen as the best insurance companies in the group, respectively, after passing the preliminary selection and ranking process Investor Magazine with a ranking criteria.

 
Investors also gave a special award, for life insurance based on the highest investment growth over the next five years to PT Adisarana Wanaartha Life Insurance, and a special award for general insurance underwriting by the highest growth over the next five years to PT Jaya Protection Insurance.

 
This year, Star Award is given back to PT Prudential Life Assurance Life Insurance in the best position to successfully defend for 10 consecutive years.

 
The ranking criteria 
Chairman of Judges Herris Simandjuntak said, referring to this year's ranking of published financial statements in 2008 to 2011. Based on these data, and then do the calculation and assessment based on agreed criteria for life insurance and general insurance.

 
"Determination of the best insurance refers to the publication of the results of financial statement data are then ranked by the ranking criteria are agreed," said Herris in the event.

 
The ranking this time using 14 criteria, both for general insurance, life insurance, and reinsurance. Criteria for general insurance covers, the average asset growth of 3 years (2008-2011), growth in average total investment of 3 years (2008-2011), growth equity average of 3 years (2008-2011), the growth premium immediate closure 3 years (2008-2011), the growth of net premiums an average of 3 years (2008-2011), growth in underwriting an average of 3 years (2008-2011), the growth of investment returns average of 3 years (2008-2011), net profit growth of an average of 3 years (2008-2011), the market share of net premiums in 2011, the ratio of net premiums underwriting to 2011, TATTOO (Total Asset Turn Over) 2011, ROA (return on assets) 2011, ROE (return on equity ) 2011, and RBC (risk-based capital) 2011.

 
Meanwhile, the 14 criteria for general insurance, life insurance equal to a majority, except for the immediate closure criteria premium growth of 3 years (2008-2011) that specifically applies to general insurance. Then the growth of the underwriting 3 years (2008-2011) and the ratio of net underwriting the premium applicable to general insurance and reinsurance. While the criteria for 3-year growth in gross premiums written specifically apply to reinsurance.

 
Not all insurance companies participate rated. There are a number of companies do not pass the initial selection based on the requirements set jury. Initial selection of covers, 2011, published financial statements have been audited, the financial statements 2011 did not get a disclaimer opinion, a minimum of 120% RBC, still in operation until the ranking is made, not in the status of PKU (restrictions on business activity) by the Ministry of Finance, not the special conditions (run off, transition, etc.), at least $ 50 billion in equity, general insurance assets in 2011 over Rp 100 billion, assets of life insurance in 2010 more than Rp 1 trillion, did not suffer losses in 2011, as well as the complete data.

 
Based on the initial selection, there are 22 life insurance companies and 53 general insurance that does not pass the initial selection.

 
In addition, there are three Islamic insurance companies did not participate in consideration of incompatible rated rated with non-Islamic insurance. Thus, it can be rated as many as 57 companies, each with 4 reinsurance companies, 23 general insurance and 30 life insurance.
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