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In 2012, Indonesia was the second fastest-growing G-20 economy, behind China, and the annual growth rate fluctuated around 5% in the following years. [ 39 ] [ 40 ] Indonesia faced a recession in 2020 when the economic growth collapsed to −2.07% due to the COVID-19 pandemic , its worst economic performance since the 1997 crisis.
Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in its underwriting.
Despite a slowing global economy, Indonesia's economic growth accelerated to a ten-year high of 6.3% in 2007. This growth rate was sufficient to reduce poverty from 17.8% to 16.6% based on the government's poverty line and reversed the recent trend towards jobless growth, with unemployment falling to 8.46% in February 2008.
The least expensive type of life insurance is usually term life insurance. It provides coverage for a specific period — often 10, 20 or 30 years — and is typically much cheaper than permanent ...
Central Asia Insurance is known as "Asuransi Central Asia" or "ACA Asuransi", and is one of the five most important Indonesian insurance company, [1] with 76 branch office and representative offices around Indonesia. The ACA company was established in 1956 with the name "Oriental NV" .On 5 August 1958 it was renamed "PT. Asuransi Central Asia".
An insurance cycle, also known as an underwriting cycle, is a term describing the tendency of the insurance industry to swing between profitable and unprofitable periods over time. The underwriting cycle is the tendency of property and casualty insurance premiums , profits , and availability of coverage to rise and fall with some regularity ...
According to Meat and Livestock Australia, 2.44 million sheep were exported to markets in Asia and the Middle East in 2012, [5] reduced from 4.2 million in 2008. [6] The total number of cattle exported in 2012 was 617, 301, down 11% from the previous year. Indonesia accounted for 45% of total live cattle exports from Australia in 2012.
Priangan sheep. The Priangan (also known as Garut) is a breed of sheep found in West Java, Indonesia. The breed is used primarily for ram fighting and meat. It is a variety of the Javanese Thin-tailed. Africander and Merino breeding may have been introduced in the 19th century. [1]