Depok-To coincide with National Insurance Day, the Insurance Administration and Actuarial study program, Vocational Education Program, Universitas Indonesia (UI) held a public lecture with the theme “Development of General Insurance and Marine Cargo” on Wednesday (18/10). The public lecture presented speakers from PT AIG Insurance Indonesia, with the main speaker being Robert Logie, CEO and President Director of PT AIG Indonesia. Other speakers who attended were Siswanto Sujarwo, Head of Client Broker Engagement PT AIG; Leni Andriani, Head of Marine PT AIG; and Desak Putu Rilantiny, Associate General Counsel of PT AIG.
The event began with remarks by the Head of the Applied Administration and Business Department, Dr. Fia Fridayanti Adam, M.Si. “I hope that this public lecture can increase insight and understanding that insurance is very important so that companies and stakeholders do not experience financial losses,” said Fia. At the end of her speech, Fia expressed her thanks to PT AIG Indonesia and all the public lecture participants.
(Photo: Speech by Dr. Fia Fridayanti Adam, M.Si.)
After that, the material presentation session was opened by Robert Logie. He introduced PT AIG Indonesia to students. Followed by Siswanto, he delivered material on the topic “Development of General Insurance in Indonesia”. “In the Indonesian market, social and mandatory insurance dominates premium income with a percentage of 45%,” said Siswanto. Apart from that, he explained the focus of Indonesian insurance in the next five years. “The five strategies are increasing digitalization, strengthening the ecosystem, opening new distribution channels, increasing the number of marketers, and strengthening equity,” added Siswanto.
Next, Rilantiny discussed the topic “Legal Provisions for Insurance Products in Indonesia”. She listed four legal bases for general insurance businesses and insurance products that must be complied with by insurance companies in Indonesia. She also conveyed six insurance product development processes as well as complaint handling and dispute resolution services. Rilantiny emphasized, “Insurance companies are prohibited from charging fees to consumers for implementing complaint service policies and procedures. This important point is stated in Financial Services Authority Regulation (POJK) Number 6 of 2022.”
(Photo: Leni presenting material about marine cargo insurance)
The final material presentation session was an explanation of the topic “Marine Cargo Insurance” by Leni. Starting from explaining the responsibilities of an underwriter to explaining marine insurance held by PT AIG. “AIG currently holds three types of marine insurance, namely marine cargo, marine liability and inland marine. “Specifically for marine cargo and marine liability, we have many other derivative products,” said Leni. Not only that, Leni added the definition of marine cargo insurance.
“This insurance covers loss or damage to goods and cargo during transportation by sea, land, air or rail. In short, this insurance provides financial protection for parties who have an interest in the goods,” added Leni.
(Photo: Group photo of speakers and audience)
After an interactive question and answer session with students, the speakers added their hopes regarding the marine cargo insurance industry. “This industry is small and dynamic. The challenges and risks are quite big in carrying out a cargo project. “Hopefully friends can open their minds about marine insurance and apply general insurance knowledge to the world of work later,” said Rilantiny.
