TJSL
Empower SMEs with Revolving Funds
YOGYA (KR) - In the context of community empowerment, Micro, Small and Medium Enterprises and Cooperatives (UMKMK) through the BUMN Partnership and Community Development Program (PKBL), PT Reasuransi Indonesia Indonesia Utama (Persero), a state-owned enterprise engaged in the insurance sector, set aside some of its profits for distributing revolving funds at low interest rates as much as 6 percent flat per year through PKBL program to 40 SMEs in Yogyakarta and Central Java.
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We present this Special Edition of ReINFOKUS with the theme: "Improving Technical Reserves for a Healthy and Sustainable General Insurance Industry" by exploring the views and input of almost all important elements in the structure of the insurance market, including representatives of insurance company associations, insurance & reinsurance broker associations, associations. loss assessors and the Indonesian Actuary Association, and several CEOs of insurance companies in a Focus Group Discussion (FGD) held on August 28, 2018 in Indonesia.
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In this edition we will focus on discussing natural phenomena that occur quite often, and have great potential to occur again in Indonesia, namely earthquakes. At the beginning of 2018, we were shocked by an earthquake with a magnitude of 6.4 on the Richter scale, the shock of which was felt as far as Jakarta. Following this incident, Indonesians were shocked by the issue of a potential Megathrust earthquake with a strength of up to 8.7 on the Richter scale that arose from the south of Java Island.
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