Sharia Insurance in The Eyes of Vice President Ma’ruf Amin

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Jakarta – Vice President Ma’ruf Amin asked the sharia-based insurance industry to be able to avoid the problem of defaulting on customers’ insurance claims because of incorrect management of the company’s investments.

To avoid failure in providing insurance customer claims, Ma’ruf reminded the importance of good governance or good corporate governance in the sharia insurance industry.

“The application of good corporate governance aspects is expected to avoid problems in the insurance industry, such as the case of default on insurance companies,” the Vice President said when giving a speech at the Annual Member Meeting (RAT) of the Indonesian Sharia Insurance Association (AASI) in Jakarta on Tuesday.

The implementation of good business governance, the Vice President continued, can also increase customer confidence and provide security guarantees for sharia insurance consumers.

In addition, the sharia insurance industry must be able to look for potentials that have not been provided so that the growth of sharia insurance can increase and be increasingly recognized by the public.

“The sharia insurance industry must increase its product innovations to increase inclusion and support the growth of sharia insurance,” he added.

To make Islamic insurance inclusive, Ma’ruf asked the Islamic financial services industry to promote marketing strategies so that public awareness of the product increases.

“Sharia industry exposure needs to be increased to increase awareness of the sharia insurance product and industry,” he said.

With this strategy, Ma’ruf hopes that the sharia financial industry will survive and thrive amid slowing global and national economic growth as a result of the COVID-19 pandemic. (Ant)

*English by Tokoh.ID system.

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