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Monday, May 11, 2020

Premium Payment in the Indonesian Fire Insurance Standard Policy

Premium Payment in the Indonesian Fire Insurance Standard Policy

Before the provision of insurance premium payments is specifically regulated in one of the articles in the wording of Polis Standard Asuran...

Sunday, May 10, 2020

No Reduction in Sum Insured on the Munich-Re Property All Risks (PAR) Insurance Policy

No Reduction in Sum Insured on the Munich-Re Property All Risks (PAR) Insurance Policy

In property insurance policies that use the Munich-Re PAR (Property All Risks) wording, the sum insured will not decrease even if there is ...

Friday, May 8, 2020

Automatic Renewal of the Munich-Re Property All Risks Insurance Policy

Automatic Renewal of the Munich-Re Property All Risks Insurance Policy

Property insurance policies that use the PAR (Property All Risks) Munich-Re wording have different characteristics than other property insu...

Saturday, May 2, 2020

Insurance Agents as Field Underwriters

Insurance Agents as Field Underwriters

Insurance agents have a role not only as salespersons but also field underwriters and consultants for prospective customers. 

Tuesday, April 14, 2020

ITC Hulls 1.1.95 CL 280; All Risks Policy or Named Perils Policy?

ITC Hulls 1.1.95 CL 280; All Risks Policy or Named Perils Policy?

Rules in the marine policy that applies globally in the international world generally refer to the MIA (Marine Insurance Act) 1906, startin...

Sunday, April 12, 2020

Sonic Boom and Property Insurance

Sonic Boom and Property Insurance

On Saturday morning, April 11, 2020, residents of Jakarta, Depok and Bogor city, Indonesia, were shocked by the sound of thumping sounds co...

Friday, April 10, 2020

Failure of Indonesia's Palapa-N1 Orbiting and The Existence of Satellite Insurance

Failure of Indonesia's Palapa-N1 Orbiting and The Existence of Satellite Insurance

On May 17, 2017, PT Palapa Satelit Nusa Sejahtera (PSNS), a JV (Joint Venture) company, which was jointly established by PT Indosat Tbk and...