JAKARTA: Conventional insurances in Indonesia will aggressively conduct spin off in the next few years, enabling further growth in sharia insurance industry.
Such spin off will increase the needs of capital for investment for this insurance segment, particularly to build new system, infrastructure, and human resources.
Currently, several conventional insurances with sharia business are ready to conduct spin off on their subsidiary for example Sun Life.
According to Sun Life Financial Country Manager Albert Paterson, Sun Life is preparing to release its sharia insurance unit as a separated business entity. It expects to begin such spin off in 2015. (T06/aph)