Cempaka Business and Economy: Life insurance to continue to flourish

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Monday, December 22, 2008

Life insurance to continue to flourish

The Jakarta Post, Jakarta | Mon, 12/22/2008 11:06 AM

The country's life insurance industry will ride the waves of global economic downturn largely unscathed, with growth in premium income likely to hit 33 percent next year, say business players.

David Beynon, vice chairman of the Indonesian Life Insurance Association (AAJI), told an industry seminar last week that the growth anticipated for 2009 was due to the under-penetrated insurance market, and the nature of the business.

Whilst temporary cuts in profits may inevitable during a downturn, life insurance is a long term business, and profitability should be judged over many years, he said.

Peter Heidinger, managing director and regional industry head of financial institutions for Citi Asia Pacific region, said although the insurance industry declined worldwide in the past year, the Indonesian market is of significant potential, in particular, the life insurance sector.

In 2007, total insurance premiums in Indonesia grew by more than 30 percent. Most of this, 60 percent, came from the life sector. The general sector only rose by 2 percent, Heidinger explained.

The Indonesian insurance market is supported by more than 100 providers, although overall, the insurance market in the country remains significantly under-penetrated, he said.

In terms of life insurance penetration, the Indonesian market in terms of premiums was equivalent to 1.1 percent of GDP in 2007. This was far lower than Singapore's premium penetration of 6.2 percent of GDP, or Malaysia with 3.1 percent.

Indonesian premiums per capita were only $20.4 in 2007, while Singaporeans spent $2,244.7 per capita on premiums and Malaysians $221.5.

A study jointly undertaken by Allianz and the United Nations Development Program in 2006 projected there could be as many as 2 million microinsurance policies in Indonesia by 2010, and that this could double to 4 million by 2012.

Isa Rachmatarwata, head of the insurance division of the Indonesian Capital Market and Non-Bank Financial Institutions Supervisory Agency (Bapepam-LK) said the insurance industry had a huge market still to explore.

He said there was no reason to be pessimistic although a prudent attitude towards investment was required. "The agency will monitor the investment practices of insurance companies, specifically those under investment managers."

Isa said Indonesia's premium income in 2007 was Rp 48.5 trillion (US$4.3 billion) from life insurance and Rp 20.2 trillion from non-life premiums. In the first three quarters of 2008, income from life insurance had reached Rp 40.8 trillion alongside Rp 17.9 trillion for non-life premiums.

For example, insurance company PT Asuransi Jiwa Manulife Indonesia had received Rp 889.7 billion in premiums as of September 2008.

Its new business premiums had grown 108 percent by the third quarter of 2008 compared year on year to the previous period, said Beynon, who is also the president director of the company.

Beynon said insurance products which would be in favor with the customers next year included the traditional premium and the regular unit-linked premium. "These will take over the single premium unit link market and continue to grow."

Single premium unit link is an insurance product that required the policy holder to pay once in advance. The product was then invested into other financial products.

Regular premium unit link is also invested into other products in another financial body, but the customers pay the premiums in installments. (iwp)

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Monday, December 22, 2008

Life insurance to continue to flourish

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