Aviva plc, the world's fifth largest insurance company in the insurance market in Indonesia. Does the signing of a joint venture agreement with PT Asuransi Wahana Tata.
Aviva buys 60 percent stake in PT Asuransi Winterthur Life Indonesia (WLI), assets (gross) from 15 million pounds, or about 275 billion U.S. dollars of 12/31/2008. Management of pension assets WLI 42 million pounds and 760 billion Rp will also change its name WLI Aviva Insurance Company of Indonesia.
Cooperation with insurance satellites by the Tata family controls Wanandi support our customers in Indonesia, a variety of insurance products from Aviva and experience in the conduct of insurance risk (underwriting) insurance.
WLI is a run of three health insurance companies in Indonesia, a 6 percent market share in pension funds of financial institutions in Indonesia. WLI offers a wide range of insurance products, health and pension products.
Simon Machell, CEO Asia Pacific, Aviva, said: "I am happy to see the potential of the Indonesian insurance market and the prospects for growth of such cooperation can be considered. That is our strategy to build a competitive life key Asian markets, and while the benefits of long-term potential. "
Rudy Wanandi, president of PT Asuransi Winterthur Life Indonesia is pleased to be admitted to trading partners Aviva with the same priorities in terms of growth in the long-term strategic approach to corporate profitability, and strict discipline and a strong commitment to community.Aviva now serves 53 million customers in Europe, America and Asia Pacific. Aviva Asia Pacific is now in China, Hong Kong, India, Malaysia, Singapore, South Korea, Sri Lanka and Taiwan.
