Insurance

PT Rajawali Pialang

Asuransi

The Company commenced operations as an insurance broker and advisor of repute in the Insurance Broking Industry in Singapore. The company was formulated in 1975 in Singapore as an independent broker and manages clients in Macau, China, Hong Kong, and Malaysia.

From having its Singapore office as the base the company has expanded into the different countries.

We have built up a reputation as one of the most respectable insurance brokers in Indonesia specializing in the Energy, Health, and Construction, Property, Vehicle and Marine insurance. The company in fulfillment of its mission to pursuit of service excellence builds partnership with reputable overseas companies.

International relationship with Newman Martin and Buchan Ltd for the London Market has added strength to our technical capabilities in placing complex and sophisticated off-shore risks.

Our Milestone

1975

1975

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5

199

199

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0

199

199

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5

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200

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0

200

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6

Manage Multi National Companies Regional insurance requirements in China. Business expanded to other Asian Region. Domestic expansion Existence in other Asian Regional Offices Business establishment in Asia Pacific Business expanded to India & Russia (Shakalin) First business exploration in Indonesia Establishment of PT. Rajawali Pialang Asuransi in Indonesia Formulation of strategic management in

Indonesia & Singapore. Structuring the

Client

Insure

_r

Provide professional advice to businesses and individuals, playing a key role in the identification, measurement, management, control and transfer of risk. They negotiate appropriate insurance protection tailored to individual needs.

1. Insurance solutions 2. General consultancy services or solutions 3. Claims handling 4. Market Information

Company

selling

insurance

Entity buying

the insurance

policy

• Identification of all major internal & external pure risk

including natural risks and analysis of the impact.

_{Provide rationalization of basic rate of premium and widening of covers.} _{Applicability/eligibility of discounts in premium.}

_{Application of suitable clauses, warranties and conditions}

• Selection of insurance coverage on the basis of risk analysis.

• Provide guidelines for fixation of sum insured.

• Evaluation of business interruption exposure due to identified

risks.

• Providing guidelines on document requirements, procedure

for claims wider various policies, evaluation of insurers

-_{Review policies and contract} -_{Provide advise and guidance}

-_{Manage the documents of the customer} - _{Manage and handle the claims}

- _{Provide market information}

Gathering Information Gathering Information Preparation of Placing Slip Preparation of Placing Slip Send Slip to ID Insurers Send Slip to

ID Insurers QuotationReview Review

Quotation Present to customer Present to

customer BindingBinding

Based on the customer

needs

ID Insurer who are likely to accept the risk

Review quotation and policies best suited to customer

Advise and guide the customers

Allow to customer to bind the cover and be insured

End to End Process of Insurance

Brokers

Vision

RPA is dedicated to providing insurance products and business services that provide

integrity, credibility, high quality service and protection, and value pricing. We wish to establish a successful partnership with our clients that respect their interests and

goals. Mission

Base on our Integrity and Credibility we will provide an expert and extraordinary service acting for our clients in the provision of insurance advice, placement, risk management, claims settlement and related financial services.

• by understanding the business • identifying all the risks

• Acting as risk managers

• find the best available cover through a range of insurers • Settling claims expeditiously

• assisting the client in understanding options

• and representing the client in any negotiations with the insurer and other parties.

Great Britain 19th Century

Industrial Revolution the

Manchester Steam Users'

Association. Members were

entitled to use the services of

boiler inspectors who were

employed by the association.

The Steam Boiler Assurance Company, established in 1858, pioneered this class of insurance,

followed by the Midland Steam Boiler Inspection and Assurance

Company in 1862.

The Steam Boiler Assurance Company, established in 1858, pioneered this class of insurance,

followed by the Midland Steam Boiler Inspection and Assurance

Company in 1862.

Historical Reflections

Introduction of Insurance

Risk and Insurance

Risk is the chance of something

happening

• The possibility of an adverse outcome

from a particular event

Risk is the chance of something

happening

• The possibility of an adverse outcome

from a particular event

Insurance is based on the principle of

transferring risk

Insurance is based on the principle of

transferring risk

While insurance essentially equates to risk

transfer, this does not mean that all risk are

able to be insured

While insurance essentially equates to risk

transfer, this does not mean that all risk are

able to be insured

Insurable Risk

The lost must be fortuitous

The lost must be fortuitous

There must be adequate

numbers

There must be adequate

numbers

The chance of lost must be

assessable

The chance of lost must be

assessable

Physical

Physical

Moral/Mora

_le

Moral/Mora

_le

Legal

Legal

How does underwriter evaluate

hazard?

Fundamental Principle of

Insurance

Essential element is to have a valid contract

Essential element is to have a valid contract

Utmost good faith. Insured must disclosed all relevant facts to the insurer.

Utmost good faith. Insured must disclosed all relevant facts to the insurer.

Underwriter needs to indemnify the insured against losses the extent of amount insured.

Underwriter needs to indemnify the insured against losses the extent of amount insured.

Insurable interest must exist both at the time of effecting the insurance as well as at the time of loss.

Insurable interest must exist both at the time of effecting the insurance as well as at the time of loss.

Subrogation the insurer after paying the compensation to the insured, become entitled to claim all the right of the insured against Third parties responsible for the loss.

Subrogation the insurer after paying the compensation to the insured, become entitled to claim all the right of the insured against Third parties responsible for the loss.

Terms of policy such as cancellation, warranties, procedure for claims etc.

Terms of policy such as cancellation, warranties, procedure for claims etc.