Bosowa Asuransi
Periscope Insurance Co Ltd was originally founded in 1969 and in 1999 the company became part of the esteemed Bosowa Group. Today, having rebranded to become Bosowa Asuransi, the company is a leading general insurance provider in Indonesia within the medium segment of the market, providing general insurance coverage for both corporate and retail clients.
The company offers a comprehensive range of insurance products including motor insurance, personal liability insurance, fire and property insurance in addition to marine hull and marine cargo. Most recently, the company introduced health insurance products and is exploring the potential within the micro insurance sector for the future. Over the coming years, Bosowa Asuransi will focus on carving out its captive market across Bosowa Group’s subsidiaries as well as establishing a strong presence within the high growth regions of East Indonesia.
Bosowa Asuransi recognises the key role that general insurance has to play in supporting sustainable business growth in Indonesia. In preparation, the company is bolstering its internal capacity through strengthening its human resources and IT infrastructure as well as increasing its capital base and extending its retail branch network.
At a group and subsidiary level, Bosowa Group has demonstrated successes in working in collaboration with international partners looking to enter the Indonesian market within financial services. Bosowa Asuransi is therefore in a unique position within Indonesia’s general insurance sector to work with global insurance players who can offer technical expertise in insurance product development and marketing to collaborate together to untap Indonesia’s lucrative market and achieve the goal of being among the top five insurance companies in the middle class segment by 2014.
- Joint Ventures
- Investment
- cement
- automotive
- power plant
- infrastructure
- property
- financial services
- natural resources