BPPDAN Progress
The Capability of BPPDAN
With 27 years of experience managing national insurance data, BPPDAN is supported by skilled and experienced human resources.
Infrastructure
- Development of Business to Business (B2B) Session & Claim System for data collection (see table beside).
- Comprehensive database with 41 attributes.
- Up-to-date data center.
- Dedicate Server for data processing and databases.
- Data storage capacity of two million data per year and database for 27 years.
- Data Recovery Center in Batam.
- Disaster Recovery Center in Batam.
- Software Prophet Professional, Easy Fit, Matlab, Oracle Form and Oracle Report.
BPPDAN is also working with FMIPA Bandung Institute of Technology to develop a Property Insurance Tariff Methodology in Indonesia.
Development of the BPPDAN Treaty
In its duty to form National Statistical Data, BPPDAN works by implementing mandatory sessions that is set in the Decree of the Director General of Financial Institutions No. 2149/LK/2004 dated May 24th 2004 and Addendum No. 5443 /LK/2004 dated October 25th 2004 regarding the mandatory treaty session.
The mandatory treaty session is 2.5% of the sum insured or a maximum of IDR 500,000,000 for each risk. The mandatory treaty session received by BPPDAN is then processed by Indonesia Re, who also functions as an administrator for conventional property insurance data and Reindo Syariah for Islamic property insurance data.
Through its journey, the number of mandatory treaty sessions is not always 2.5% of the Sum Insured or a maximum of IDR 500,000,000 for each risk, but it changes according to existing regulations. The development of the number of mandatory sessions can be checked in the table below.
| Tahun | Besarnya Sesi | Komisi | Keterangan |
|---|---|---|---|
| 1992 - 1996 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
| 1992 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
| 1992 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
| 1992 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
| 1992 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
| 1992 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
| 1992 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
| 1992 | 2.5% of TSI Max Rp1 Miliar/US$500.000 | 35% | Sesi Statistik |
As a consequence of receiving mandatory sessions from all general insurance companies in Indonesia, BPPDAN also has an obligation to pay claims equal to its participation in a risk. However, similar to reinsurance companies in Indonesia, BPPDAN has several restrictions on treaty:
- Reinsurance Treaty (Proportional and Non Proportional) Business.
- Retrocession Business.
- Inward Facultative Business.
- Pool Business such as Konsorsium Asuransi Risiko Khusus (KARK).
- Excess of Loss/First Loss/Layered and PML Basis Insurance and Reinsurance Business.
- Extra Contractual Obligations Exclusion Clause.
- Nuclear Energy Risk Exclusion Clause 1994 - NMA 1975 (A).
- War and Civil War Exclusion Clause NMA 464.
- Seepage and Pollution Risk - NMA 1685.
- Riot, Strikes, Malicious Damage greater than 4.1. A less terrorism and sabotage (as per NMA 2921).
- Electronic Date Recognition Endorsement A; NMA 2800 11/12/1997.
- Transmission & Distribution Lines Exclusion Clause.
- Hazard Clarification Clause NMA 1992 - 12/11/01.
- Cyber Exclusion Clause - NMA 2915.
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