JAKARTA (Yosefardi) – PT Tokio Marine Life Insurance Indonesia is seeking to acquire an insurance company affiliated with banks.
The company had targets to acquire 3-4 companies in financial sector. Since operating in February this year, Tokio Marine, which acquired PT MAA Life Assurance, has not yet market its products through banks. Currently the company has 1,200 agents.
As of June 2013, the company book premium of Rp23.6 billion, representing 25% of this year target (Rp92.8 billion). Tokio Marine targets to open 14 branches of marketing offices this year.