Sunday, 2 August 2015
History beginning Insurance
Insurance
originated from the people of Babylon 4000-3000 BC known as Hammurabi
agreement. Then in 1668 AD at the Coffee House Lloyd's of London London stands
as the forerunner of conventional insurance. Sources of insurance law is a
positive law, natural law and existing examples as culture.
Insurance
brings economic as well as social mission with the premiums paid to the
insurance company to guarantee adanyatransfer of risk, namely the transfer
(transfer) the risk from the insured to the insurer. Insurance as a risk
transfer mechanism where the individual or business move some uncertainty in
exchange for premium payments. The definition of risk here is that uncertainty
occurs whether or not a loss (the uncertainty of loss).
Insurance in Indonesia started in the Dutch
colonial period, associated with the success of the country's companies in the
plantation sector and trade in Indonesia. To meet the needs of assurance of
continuity of business, certainly required of insurance. The development of the
insurance industry in Indonesia had a vacuum during the Japanese colonial
period.
Insurance history in Indonesia
Insurance
business into Indonesia during Dutch colonial rule and our country at that time
was called Nederlands Indie. The existence of insurance in our country as a
result of the success of the Dutch in the plantation sector and trade in the
colonies.
To ensure
continuity of business, then the insurance is absolutely necessary. Thus the
insurance business in Indonesia can be divided into two periods, namely the
colonial period until 1942 and the period after World War II or the time of
independence. At the time of the Japanese occupation army for approximately
three and a half years, almost did not record the history of the development.
Insurance
companies in the Dutch East Indies during the colonial period were:
The companies founded by the Dutch.
Companies that are branch offices of insurance companies
headquartered in the Netherlands, the UK and in other countries.
With the
monopoly systems that run in the Indies, the development of insurance in the
Dutch East Indies restricted to commercial activity and the interests of the
Dutch, British, and other European nations. The benefits and the role of
insurance is not known by the public, especially by indigenous communities.
This type
of insurance has been introduced in the Indies at that time was still very
limited and mostly consists of fire insurance and transport.
Motor
insurance still play a role, because the number of vehicles is still very
little and only owned by the Dutch and other foreign nation. In the colonial
era not recorded a single insurance company. During the World War II activities
of insurance business in Indonesia practically stalled, mainly due to the
closure pemsahaan- insurance company owned Dutch and English.
Insurance era of independence
After the
war ended, the company and the British-Dutch company resumed operations in this
country already independent. Until 1964 the insurance industry market in
Indonesia is still dominated by a foreign company, especially the Netherlands
and the United Kingdom.
In the beginning operate in Indonesia they established a body
called "Bataviasche Verzekerings Unie" (BVU) in 1946, which conducts
collective insurance. Thus from each closing, each member BVU obtain a certain
share. How this is done in view of the circumstances at the time the power has
not been regular and insurance are lacking at all.
In 1950 the company established a first loss insurance,
namely NV. These Insurance Indonesia which then in early 2004 has become PT MAI
PARK. At that time, as a pioneer of national insurance companies first, then
the company must compete with foreign insurance companies that excel both in
the capital factor nor the technical knowledge.
With the
establishment of the national insurance company, courage national entrepreneurs
are encouraged to set up insurance companies. Courage is also supported by
government regulation that all imported goods must be insured in Indonesia.
This arrangement is intended to combat the use of foreign exchange to pay
insurance premiums abroad.
In 1953
also stood a national private company engaged in reinsurance Dutch and British
in Indonesia, the use of foreign exchange to pay reinsurance premiums abroad
also remains large. To cope with this, founded in 1954 a professional
reinsurance company, namely "PT. REINSURANCE .UMUM INDONESIA "which received
support from state banks.
The latter
institution issuing binding regulations for foreign insurance companies to
menggunakanjasa national reinsurance company. The steps taken by the government
in this case provide the expected results. Activity PT. General Reinsurance
Indonesia in 1963 extended the life reinsurance activities.
At the time
PT. General Reinsurance Indonesia was established, many insurance companies
have sprung up nationwide, but its development is still hampered by heavy
competition from private insurance companies are foreign. At the time of the
struggle mengembaiikan West Irian to the Republic of Indonesia, the government
nationalized the Dutch-owned company. British companies were nationalized in
the confrontation.
