Indonesia: Allianz’s SEKOCI, responding to the ‘client value’ challenge

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Microfinance institutions (MFIs) remain to be the easiest entry point of microinsurance providers. Its captive market enabled insurance providers to immediately reach business scale. Asuransi Allianz Life Indonesia has mastered the MFI channel business model and its microinsurance product Payung Keluarga credit-life has a strong 5.4 million customer base which generated USD 2.9 million in gross written premium (2016).
 

 

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Financial Services Authority of Indonesia (OJK), Allianz Life Indonesia and GIZ-RFPI Asia for the MEFIN Network.

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2

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