Thursday, October 16, 2014

Insurance Industry Investment Value Achieve IDR 605,05 Trillion

Financial Services Authority (FSA) noted, the value of pension fund investments and insurance per August 2014 showed an increase in line with the trend in the market strengthening. This could be said the industry is still in a normal condition.

Deputy Commissioner for Strategic Management IB FSA, Lucky FA Hadibrata said, the value of pension fund investments amounted to IDR 173 trillion or an increase of 1.38% when compared to the position in July 2014. In addition to pensions, the increase also occurred in the insurance industry.

"The value of the insurance investment amounted to IDR 605.05 billion, an increase of 2.91% compared to the position in July," said Lucky, in a Press Release of Monthly Financial Sector Development Industry, in the FSA Head Office, Jakarta, Thursday, October 16, 2014.

In addition to the insurance industry and pension funds, the FSA also noted slowing growth in accounts receivable financing, asset financing company which as of August increased by 8.46% year-on-year to IDR 412,46 trillion and financing receivables increased by 8.54% yoy to IDR 363,48 trillion.

As of August 2014, continuing a slowdown in growth financing receivables and recorded at 8.54% yoy. "This is partly influenced by an increase in bank interest rates also affect the interest rate of financing provided," Lucky added.

1 comment: