{"id":6762,"date":"2025-01-06T14:36:13","date_gmt":"2025-01-06T07:36:13","guid":{"rendered":"https:\/\/ligaasuransi.com\/?p=6762"},"modified":"2025-01-06T14:36:13","modified_gmt":"2025-01-06T07:36:13","slug":"mengupas-cakupan-asuransi-penerbangan-di-balik-kecelakaan-jeju-air-dan-7-berita-asuransi-paling-terupdate","status":"publish","type":"post","link":"http:\/\/ligaasuransi.com\/en\/mengupas-cakupan-asuransi-penerbangan-di-balik-kecelakaan-jeju-air-dan-7-berita-asuransi-paling-terupdate\/","title":{"rendered":"Discussing the Aviation Insurance Coverage Behind the Jeju Air Accident: And the 7 Most Updated Insurance News"},"content":{"rendered":"

Liga Asuransi<\/span><\/a> – The world of insurance is never devoid of dynamics and interesting news. Starting from the decision of the Constitutional Court which changed the insurance legal landscape in Indonesia, to the brilliant report on premium growth for the marine cargo business line by Tokio Marine Indonesia, everything became an important highlight at the beginning of this year. No less interesting, the tragedy involving Jeju Air airline once again emphasizes the vital role of aviation insurance in providing protection against major risks. This article thoroughly examines the latest developments in the insurance industry as well as the challenges and opportunities faced amidst global uncertainty in 2025. Get ready to dive into the issues that are currently being discussed!<\/span><\/p>\n

MK Decision: Insurance Companies Can No Longer Cancel Unilateral Claims<\/span><\/h3>\n

The Constitutional Court (MK) has just made an important breakthrough in the world of insurance in Indonesia. On Friday (3\/1), the Constitutional Court granted the request for judicial review of Article 251 of the Commercial Code (KUHD) submitted by Maribati Duha. This decision was recorded under case number 83\/PUU-XXII\/2024 and stated that the norm of Article 251 of the Criminal Code is now conditionally unconstitutional.<\/span><\/p>\n

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The ruling confirms that insurance companies no longer have the authority to cancel claims unilaterally. This article was previously the basis for applying the principle of Utmost Good Faith or maximum good faith in the relationship between insurance companies and customers.<\/span><\/p>\n

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Widespread Impact in the World of Insurance<\/b><\/p>\n

According to Insurance Observer, Irvan Rahardjo, this decision has a significant impact. “With the abolition of Article 251 of the Criminal Code, insurance companies must be more professional and careful in implementing the principle of good faith. “The risk of dishonesty from customers must now be anticipated with a more careful approach,” said Irvan.<\/span><\/p>\n

He added that insurance companies must now improve risk mitigation through a more comprehensive assessment process of customer history. In addition, the role of insurance agents must also be evaluated. “So far, agents have only been sales-oriented to pursue commissions without thinking too much about the risks that might occur,” he said.<\/span><\/p>\n

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New Challenges: Moral Risk and Fraud<\/b><\/p>\n

Executive Director of the Indonesian Life Insurance Association (AAJI), Togar Pasaribu, said that the abolition of Article 251 of the Criminal Code could create new challenges. “The principle of good faith which has been the foundation of the relationship between insurance companies and customers has been disrupted. “In the end, the potential for moral risks and fraud cases could increase,” explained Togar.<\/span><\/p>\n

Togar emphasized that insurance companies need to prepare more mature mitigation measures. This includes strengthening customer data systems, applying technology in risk analysis, as well as stricter supervision of the claims process.<\/span><\/p>\n

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The Importance of New Regulations<\/b><\/p>\n

Chairman of the AAJI Management Board, Budi Tampubolon, highlighted the importance of the principle of Utmost Good Faith in the insurance business. \u201cAbsolute honesty is the main foundation of insurance. “With the abolition of Article 251, this industry needs replacement regulations so that there is no legal vacuum,” he stressed.<\/span><\/p>\n

Irvan Rahardjo also supports this view, by suggesting collaboration between insurance companies, associations and the Financial Services Authority (OJK) to develop new regulations. These regulations must be able to maintain a balance between customer protection and company interests.<\/span><\/p>\n

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Momentum for Professionalization of the Insurance Industry<\/b><\/p>\n

This Constitutional Court decision can be a momentum to increase professionalism in the insurance industry. Companies are required to be more transparent, accountable and detailed in every process, from policy issuance to claim settlement.<\/span><\/p>\n

For customers, this decision is a breath of fresh air because it provides more protection for their rights. However, customers are also expected to remain honest and responsible in providing information.<\/span><\/p>\n

With all its challenges, the Indonesian insurance world is now entering a new era full of dynamics. Collaboration between all parties is the key to creating a better and more trusted insurance ecosystem.<\/span><\/p>\n

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Source :<\/span><\/i> https:\/\/keuangan.kontan.co.id\/news\/kini-perusahaan-asuransi-tak-bisa-batalkan-klaim-sepihak-pasca-putusan-mk<\/span><\/a>\u00a0<\/span><\/p>\n

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Tokio Marine Indonesia Records 11% Growth in Marine Cargo Business<\/span><\/h3>\n

PT Asuransi Tokio Marine Indonesia (Tokio Marine Indonesia) achieved brilliant performance in the marine cargo insurance business line throughout 2024. Until November 2024, premium income from this line reached IDR 640 billion, growing 11% compared to the same period in the previous year.<\/span><\/p>\n

President Director of Tokio Marine Indonesia, Sancoyo Setiabudi, revealed that this growth was mainly driven by local businesses utilizing agent and broker channels. “Our income from the marine cargo insurance line showed a very good increase, in line with our strategy of focusing on the local commercial sector,” he said to Kontan, Friday (3\/1).<\/span><\/p>\n

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Optimism amidst Global Dynamics<\/b><\/p>\n

Even though the world of trade is facing various challenges, including the trade tariff policy that will be implemented by the President Elect of the United States, Donald Trump, Sancoyo is confident that the impact on the company’s marine cargo insurance business will be minimal.<\/span><\/p>\n

“Given that the volume of import and export shipments to and from the US that we cover is relatively small, the impact will not be significant for us,” he explained.<\/span><\/p>\n

Seeing this positive trend, Tokio Marine Indonesia is targeting double digit growth for the marine cargo business line in 2025. Sancoyo is optimistic that next year’s performance can exceed this year’s achievements.<\/span><\/p>\n

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Strategy for 2025<\/b><\/p>\n

To maximize performance in 2025, Tokio Marine Indonesia will focus growth on the local commercial sector as the main motor. The company also continues to strengthen superior services, such as e-cargo, which makes it easier for customers to manage their insurance needs digitally.<\/span><\/p>\n

\u201cWe have several main advantages in the commercial sector, one of which is the support of a strong global network with more than 250 claims settlement agents throughout the world. “This allows us to resolve claims efficiently, quickly and on time,” said Sancoyo.<\/span><\/p>\n

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Technology Based Services Are Key<\/b><\/p>\n

Tokio Marine Indonesia also continues to innovate by utilizing technology to provide the best service to its customers. The e-cargo service is a concrete example of the company’s digital transformation, which allows customers to monitor and manage their policies more easily and transparently.<\/span><\/p>\n

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Bright Projections for Marine Cargo Insurance<\/b><\/p>\n

With a mature strategy and focus on innovation, Tokio Marine Indonesia is optimistic that it can continue to be a leader in the marine cargo insurance business line. Service excellence and a solid global network are a strong foundation for the company to face challenges and take advantage of opportunities in 2025.<\/span><\/p>\n

Tokio Marine Indonesia now not only aims to grow, but is also committed to providing the best protection for customers amidst the ever-changing dynamics of the world of global trade.<\/span><\/p>\n

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Source :<\/span><\/i> https:\/\/keuangan.kontan.co.id\/news\/tokio-marine-catat-pendapatan-premi-asuransi-marine-cargo-rp-640-m-per-november-2024<\/span><\/a>\u00a0<\/span><\/p>\n

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Examining the Aviation Insurance Coverage Behind the Jeju Air Accident<\/span><\/h3>\n

The tragic incident involving Jeju Air flight number 7C2216 on December 29 2024 at Muan International Airport, South Korea, highlights the important role of aviation insurance. This Boeing 737-800 aircraft experienced a serious accident during an emergency landing, causing 179 people to lose their lives and causing major damage to airport facilities.<\/span><\/p>\n

This accident raises many questions about aviation insurance coverage, especially how insurance protects airlines, passengers and related parties.<\/span><\/p>\n

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Comprehensive Aviation Insurance Coverage<\/b><\/p>\n

Aviation insurance practitioner, Arman Juffry, explains that aviation insurance protects more than just aircraft.<\/span><\/p>\n

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  1. <\/b> Agreed Value of Aircraft:<\/b><\/li>\n<\/ol>\n

    The value of the aircraft is insured based on an initial agreement between the aircraft owner and the insurance company.<\/span><\/p>\n

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    1. <\/b> Airport Fees:<\/b><\/li>\n<\/ol>\n

      Including the use of fire extinguishing foam, damage to facilities such as runways or fences, and the cost of cleaning up debris.<\/span><\/p>\n

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      1. <\/b> Search and Rescue:<\/b><\/li>\n<\/ol>\n

        Insurance also covers the costs of searching for a lost aircraft, especially in the case of a major accident.<\/span><\/p>\n

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        1. <\/b> Compensation for Passengers:<\/b><\/li>\n<\/ol>\n