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Insurance

Indonesia aims for insurance consolidation to shore up trust

Plan for scandal-hit sector is latest restructuring of state-owned enterprises

Premiums in Indonesia's insurance market have almost doubled since 2014 but coronavirus is expected to bring slower growth (Photo by Rie Ishii)

JAKARTA -- Indonesia's consolidation of four state-owned insurers under one holding entity is intended to breathe new life into an industry rocked by mismanagement scandals. But what has been left out of the government's plan is raising questions.

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