Allianz ranked first in the category of insurers with assets of up to 10 billion IDR (approx. 730.000 Euros). The result was based on an analysis of eight criteria. Besides winning the overall award, Allianz also ranked highest in terms of growth in the past year and investment return.
Allianz Life Indonesia awarded for its Sharia business
"The number of sharia policies has been growing by approximately 25 percent on average over the last two last years, while premiums have even grown by 300 percent," said Kiswati Soeryoko, Director of Allianz Life Indonesia Sharia Division. "We will further increase our sharia sales by optimizing up-and-cross selling opportunities in our One Stop Solution (OSS) concept this year," added Kiswati. The OSS concept will enable all agency forces of Allianz Indonesia (Allianz Utama (non-life) and Allianz Life Indonesia) to offer a full range of Allianz insurance solutions of non-life, life, health, pension fund and sharia to their customers.
Today, Allianz life sharia products are sold in all of 80 Allianz Life Indonesia' sales offices in 44 cities throughout Indonesia with more than 3,400 insurance agents accredited to sell. In addition, Allianz Life also offers Sharia products through bancassurance partnerships, amongst other with Bank Danamon and Bank Permata.
Jens Reisch and Kiswati Soeryoko
Second Sharia Award for Allianz Indonesia in 2008
"Investor Magazine" is one of the leading business magazines in Indonesia. "Investor Magazine" compiles ratings of sharia corporations and investment products to boost the growth of sharia business and to increase public awareness. The award also focuses on the financial performance of the company.
This acknowledgement complements the "Best Islamic Life Insurer" award by Karim Business Consulting that Allianz Life Indonesia received in May 2008. Both awards reflect a successful business operation, solid financial performance and excellent sales growth of Allianz's sharia business in Indonesia.
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