IFG Officially Becomes the Holding of Nine Insurance and Guarantee SOEs
Indonesia Financial Group (IFG) Launching
BUMNINC.COM | Indonesia Financial Group (IFG) is officially designated as the holding of BUMN insurance and underwriting.
This decision follows the issuance of Government Regulation (PP) Number 20 of 2020, concerning the Addition of State Capital Participation in the Share Capital of PT Bahana Indonesian Business Development (BPUI) which is now the IFG on 17 March.
The presence of IFG is expected to be a financial driver for the Indonesian economy, especially in the field of insurance and underwriting. IFG plays an important role and function in national development through a strong insurance and underwriting industry.
Besides, through IFG, life insurance can be built that protects the entire community.
“As a state-owned insurance and underwriting holding company, IFG will bring about changes in the financial sector, especially insurance, investment and guarantees that are accountable, prudent and transparent with good corporate governance and full of integrity,” said IFG President Director Robertus BiIlitea in a written statement, Tuesday (3/11/2020).
