This year Bank of Victoria would double the premium income. This is consistent with the achievement of premium revenue to close the year 2014 amounting to IDR 120 billion. PT Bank Victoria International Tbk (Bank Victoria) until the end of 2014 recorded a premium income of insurance products in the form of bancassurance for IDR 120 billion. Previously, Bank Victoria only targets premium income of IDR 100 billion.
Deputy CEO of Bank Victoria Anthony Soewandy revealed, this year the Bank of Victoria would double the premium income. This is consistent with the achievement of premium revenue to close the year 2014 amounting to IDR 120 billion. In fact, the target is only IDR 100 billion.
"Since last year's achievement passed through the target, we believe that we have the capability and the existing cooperation, Bank Victoria could get premium income of IDR 200 billion," said Anthony, met on the sidelines of the launch of VIP Pro Invest, on Tuesday , January 27, 2015.
In order to increase its premium income from bancassurance side, until now the Bank of Victoria has worked with a number of insurance companies, such as Generali Life Insurance Indonesia, BNI Life Insurance, FWD Life, Manulife, and Sinarmas MSIG.
"The biggest bancassurance premium income of Generali Insurance Indonesia. If we assume 100%, then the portion of Generali Life Insurance Indonesia contributed approximately 65% of the premium income, "added Anthony.