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Allianz Utama Indonesia: Agency Business Premiums Up by 12.5%

Jakarta, April 28, 2010

 

  • Gross written premium (GWP) of agency divisions per December 2009 achieved Rp 160 billion.
  • Number of productive agents reached more than 650 people with more than 46,000 the number of policyholders.

Banua Sianturi, SVP Chief Agency Officer Allianz Utama Indonesia, on press conference before he came to Agency Award Night 2010 at Nikko Hotel.

 

Allianz Utama Indonesia reported Rp. 160 billion GWP from its agency business in 2009 or up by 12.5% compared to the year 2008 GWP of Rp143, 5 billion.

"Our agency business has shown a good sales performance last year despite a more challenging competition in the market. Thanks for the commitment and hard work showed by our agents in the year 2009 and together, we are confidence to further improve the sales this year," said Don Nguyen, President Director of Allianz Utama Indonesia.

This agency’s GWP figure was generated by all agents located in the company’s seven branch offices in Bandung, Makasar, Semarang, Surabaya, Medan, Denpasar, and Jakarta, and 20 sales offices in almost all major cities in Indonesia. Jakarta Branch was the main contributor with Rp59,43, an increased by 21.8% compared to the previous year. Other branch offices which also reported significant premium growth are Denpasar with 43.3% and Bandung with 29.7%.

Number of productive agents as per December 2009 grew by 32% compared to the previous year. Number of policies generated by all performing agents reported to more than 46 000 policies. Allianz Utama is fully supporting the government’s regulations on general insurance Agency certification.

"Aligned with the government’s regulations with regard to certification for general insurance agents, we seriously encourage and support our agent to go for the licensing’s examinations. We are also focus to increase our agents’ professionalism and service quality towards the customers,” said Banua Sianturi, SVP Chief Agency Officer of Allianz Utama Indonesia. “Currently, we have more than 2,000 registered agents, but further we will focus our efforts more to coach those productive ones, especially to achieve 20% target growth of our Agency’s GWP this year," added Banua Sianturi, who is also Chairman of the Agency Department of AAUI.

As an appreciation to its nearly 100 Top Performing agents, Allianz Utama Indonesia organize an Agency Award Night 2010 at the Nikko Hotel, Jakarta today. The awards divided into several categories, based on their premium achievements, namely Silver and Gold Producers, Blue Jacket Producers, and Special Achievers as well as special championship trip to Greece or China for those who achieved the trip campaign target.

Allianz Utama’s Agency Award Night is an annual event conducted by the company since 2005. The awarding ceremony as well as entertainment and gala dinner are attended by 170 best performing agents, or approximately 8% of the total Allianz Utama agents,  throughout  Indonesia. After this Agency Award Night, Allianz Utama will also held an Agency Motivational Seminar on the following day.

 

About Allianz

The Allianz Group is a leading global provider of insurance and financial services with operations in more than 70 countries, and employing over 150,000 staff. The Group serves more than 75 million customers worldwide, including close to half of all Fortune 500 companies. Through its insurance operations in Asia, Allianz employs more than 13,000 staff in 15 markets across the Asia Pacific region.

Allianz started its operations in Indonesia with a representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Furthermore, Allianz entered the Indonesian life insurance market by opening PT Asuransi Allianz Life Indonesia in 1996. Today, Allianz is one of the leading insurance groups in the market who has been trusted to insure the property, health, and life of more than 1.4 million customers in Indonesia. Allianz Utama and Allianz Life Indonesia draw on support from 20,000 dedicated agents and business partners and operate a wide service network of over 80 offices in more than 44 locations nationwide.

Press Contact

Adrian Dosiwoda
Corporate
Communication
Tel.: 021-2926 8888
Fax.: 021-2926 8080
Email:
Adrian.Dosiwoda
@Allianz.co.id