State-owned insurance company Jiwasraya CEO Asmawi Syam blamed the previous management for the company’s failure to pay Rp802 billion of cash due to holders of bancassurance product JS Proteksi Plan. This might be a confirmation to significant correction to full year 2017 net profit from Rp2.4 trillion to Rp360 billion. But, why an insurance company investing nearly 70% of assets in equity and mutual funds, supposedly liquid, suffered liquidity issue?To subscribe please click here
