PT Asuransi MAIPARK Indonesia was certified as a top-three finalist for Innovation of The Year Award at the 14th Asia Insurance Industry Award 2010 held in Bali, Indonesia. MAIPARK received this honored appreciation for its initiatives in Cat Model building for Indonesia, continuous research, making of Indonesia’s new Earthquake-Risk-Zoning and scientific-based Earthquake-Insurance-Tariff, education to public on disaster awareness, improves competence of insurance industry by providing trainings related to earth-science for insurance underwriters, and other initiatives. Deregulation of the financial sector in the late 1980’s led to a drop of premium rates in Indonesia to levels similar to countries without catastrophe risk exposure. Due to excessive competition it became market practice to provide earthquake insurance without charging risk adequate premiums. There was increasing concern whether insurers could meet their obligations towards policyholders in the event of a large earthquake impacting one of the major metropolitan or economically and industrially vital provincial areas.
In response to the above situation and via a succession of administrative and regulatory directives, the government required all licensed general insurance and reinsurance companies operating in Indonesia to cooperate in insuring special risks through a joint undertaking of all companies. The vehicle for this undertaking was the Indonesian Earthquake Reinsurance Pool or Pool Reasuransi Gempa Bumi Indonesia (PRGBI). Participating in the Earthquake Pool was made compulsory for all general insurance and reinsurance companies. The PRGBI began operations from 1st January 2003. At the same time a compulsory earthquake tariff was introduced and endorsed by the government. With effect from 1st January 2004 the PRGBI was transformed into a public liability company, PT. Asuransi MAIPARK Indonesia.
The Management is urgently seeking qualified individuals for the following position of :
- Age between Age between 22 – 30 years old
- Insurance background is a must, especially from general insurance
- S1 from reputable university with experience minimum at 2 (two) year in claims/underwriting/administration handling
- Fresh graduates with insurance experience are welcome to apply
- Fluent in English and computer literate
- Highly motivated, independent and flexible person, who has ability to learn fast and able to communicate with a wide spectrum of people