JAKARTA - Indonesian Sharia social security (AASI) predicts that the new Islamic insurance seems that the regulatory minimum capital requirements issued by the government. This was done by transforming the conventional insurance the insurance law.
The conversion may occur because the capital of insurance is less than the traditional Sharia law. Meanwhile, Indonesia is still considered the development potential of Islamic insurance is big enough. ''I think that promote the provisions of this capital, the conversion of part of the traditional sharia insurance,''said the chairman of General AASI PLT, said Agus Edi Sumant Republika, Monday (28 / 7).
Last month, the government has a capital requirement of insurance by government regulation (PP) No 39 built in 2008. Based on the Government to pay the minimum capital adequacy of Islamic insurance companies and their own traditional amount of 100 billion and Rp Rp 50 billion. The implementation of the power of capital in stages until 2010 made.
For conventional insurance, minimum capital requirements 2008-2009 at 40 billion fixed Rp Rp 70 billion. Meanwhile, at the end of 2010, provides for a minimum capital of Rp 100 billion, now has an Islamic insurance, the requirement of a minimum capital of Rp 50 billion will be completed this year.
Agus Edi mentioned, there are three scenarios that might arise from new regulations. First, some insurance companies in the field of traditional insurance. It happens to companies unable to meet minimum capital of Rp 100 billion conventional insurance in 2010. ''There are currently about 20 traditional insurance companies, whose capital is not enough, said Agus''Edi.
The second scenario, he added, because the new rules, some companies develop areas or departments of insurance recommended. Because they want to focus on the provisions on minimum capital requirements of traditional insurance. In fact, this condition is not desirable, because the traditional insurance company decided to focus exclusively on conventional farms.
While the third scenario, he added, traditional insurance companies still in the development of conventional and Islamic insurance. There are several insurance companies have great strength. ''They were also aware of the size of the potential of Islamic insurance in Indonesia''he said.
According to Agus Edi, traditional insurance companies do not have to worry about insurance conversion of Sharia. This is because Indonesia is a country with Sharia insurance potential is large enough. In fact, the laws in force in the insurance industry a total of only 1.5 percent. Although the market potential that about 98.5 per cent guarantee of Sharia can work. ''This is a huge potential,''he said.
General Manager Karim Business Consulting (KBC) is Adiwarman Azwar Karim, where support both conventional and Islamic insurance companies have sufficient capital for our growth. It 'was performed because of an insurance company, the capital plays an important role. ''I think it is not appropriate because there is sharia, the capital development of insurance so strong. I think both should be strong,''he said.
However Adiwarman call traditional insurance companies do not have to worry about insurance conversion of Sharia. This is because the development potential of Islamic insurance in the country is still very wide. Moreover, as in banking Islamic financial institutions in the conversion (BLM) a step for business investors diversifiksi shareholders.
The conversion may occur because the capital of insurance is less than the traditional Sharia law. Meanwhile, Indonesia is still considered the development potential of Islamic insurance is big enough. ''I think that promote the provisions of this capital, the conversion of part of the traditional sharia insurance,''said the chairman of General AASI PLT, said Agus Edi Sumant Republika, Monday (28 / 7).
Last month, the government has a capital requirement of insurance by government regulation (PP) No 39 built in 2008. Based on the Government to pay the minimum capital adequacy of Islamic insurance companies and their own traditional amount of 100 billion and Rp Rp 50 billion. The implementation of the power of capital in stages until 2010 made.
For conventional insurance, minimum capital requirements 2008-2009 at 40 billion fixed Rp Rp 70 billion. Meanwhile, at the end of 2010, provides for a minimum capital of Rp 100 billion, now has an Islamic insurance, the requirement of a minimum capital of Rp 50 billion will be completed this year.
Agus Edi mentioned, there are three scenarios that might arise from new regulations. First, some insurance companies in the field of traditional insurance. It happens to companies unable to meet minimum capital of Rp 100 billion conventional insurance in 2010. ''There are currently about 20 traditional insurance companies, whose capital is not enough, said Agus''Edi.
The second scenario, he added, because the new rules, some companies develop areas or departments of insurance recommended. Because they want to focus on the provisions on minimum capital requirements of traditional insurance. In fact, this condition is not desirable, because the traditional insurance company decided to focus exclusively on conventional farms.
While the third scenario, he added, traditional insurance companies still in the development of conventional and Islamic insurance. There are several insurance companies have great strength. ''They were also aware of the size of the potential of Islamic insurance in Indonesia''he said.
According to Agus Edi, traditional insurance companies do not have to worry about insurance conversion of Sharia. This is because Indonesia is a country with Sharia insurance potential is large enough. In fact, the laws in force in the insurance industry a total of only 1.5 percent. Although the market potential that about 98.5 per cent guarantee of Sharia can work. ''This is a huge potential,''he said.
General Manager Karim Business Consulting (KBC) is Adiwarman Azwar Karim, where support both conventional and Islamic insurance companies have sufficient capital for our growth. It 'was performed because of an insurance company, the capital plays an important role. ''I think it is not appropriate because there is sharia, the capital development of insurance so strong. I think both should be strong,''he said.
However Adiwarman call traditional insurance companies do not have to worry about insurance conversion of Sharia. This is because the development potential of Islamic insurance in the country is still very wide. Moreover, as in banking Islamic financial institutions in the conversion (BLM) a step for business investors diversifiksi shareholders.