The need for fire and property insurance coverage is becoming increasingly engrained in the Indonesian public’s consciousness given the ever present risk of natural disasters. Most recently, floods that caused widespread damage to homes and disruption to businesses in the Greater Jakarta area have heightened interest in fire and property insurance coverage. To date, property insurance coverage in Indonesia is very low at 1.7% with a significant concentration of premium holders in Jakarta. This leaves plenty of scope for growth in fire and property insurance coverage in regions outside of Jakarta and throughout the country as a whole.

Fire insurance provides crucial coverage for business and home owners in order to protect their assets against loss or damage caused by fire and other perils such as earthquakes, volcanic eruptions and riots. Bosowa Asuransi's fire insurance coverage is in accordance with the Indonesian Standard Fire Insurance Policy. It provides protection for various property types including houses, apartments, offices, factories and warehouses. Options are also available for extended coverage for corporate clients in the event of financial losses resulting from fire and property damage. Both retail and corporate clients enjoy transparent pricing and premium calculations as well as a straightforward and streamlined claims procedure.

Building on its existing client base within fire insurance in Indonesia, Bosowa Asuransi is expanding its reach in the market and corporate portfolio such as taking on the property insurance needs for the cement production division of Bosowa Group, PT Semen Bosowa. The company will also seek out new opportunities in East Indonesia to provide fire and property insurance coverage and target clients in flourishing market segments within natural resources, oil and gas.