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Indonesia: Property segment to drive insurer PT Asuransi Umum BCA's business

December 24, 2013 - 6:00am

General insurer PT Asuransi Umum BCA (BCA Insurance) expects the property segment to be one of the leading drivers of the company's premium growth in 2014, G. Hariyanto, president director of BCA Asuransi, said.

Mr. Hariyanto expects total premiums to grow 15% year on year to 278 billion Indonesian rupiahs ($22.8 million) in 2014, The Jakarta Post reported. He said "we think that property will play a bigger role as the country's automotive business is predicted to experience a slowdown next year."

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