JAKARTA: PT Asuransi Jiwasraya, a state-owned life insurance company, is ready to join the list of SOEs going public by improving its risk management and good corporate governance (GCG).
According to Jiwasraya President Director Hendrisman Rachim, SOEs must now start preparing to enter the list of SOEs which will be released to the market through initial public offering (IPO).
"Such IPO is still a long term plan but it's possible to do so. Therefore, we begin to improve ourselves with risk management and good corporate governance," he said on Monday, June 25, 2012.
Jiwasraya is able to achieve business growth after applying such risk management and good corporate governance. "We will continue to maintain such growth," Hendrisman added.
The company is targeting a total premium of IDR6.9 trillion or 46% higher this year compared to IDR4.7 trillion last year.
During the first quarter this year, it booked IDR2.4 trillion gross premiums or 38% higher compared to the same period a year earlier. (T06/aph)
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