In an interview with Global Platform, Batara Sianturi, CEO of Citi Indonesia, discusses how Indonesia’s banking sector is adapting to the digital economy and the proliferation of financial technology (fintech). The country’s banks are poised to build off of strong performance in the next, technology-driven stage. Small and medium-sized enterprises are set to play a central role in this next phase, propelled by a supportive entrepreneurial ecosystem.
Papua New Guinea’s insurance market is closely indexed to the country’s economy, which prior to the Covid-19 outbreak in early 2020 had been projected to grow at an average of 3% per year through to 2022. However, the pandemic effectively shuttered PNG for several months, and reduced global demand for the commodities that drive its export...
Since Prime Minister James Marape took office in May 2019, the government has continued to implement a number of strategies aimed at increasing the accessibility of financial services. The National Financial Inclusion Strategy 2016-20 seeks to promote digital services and more inclusive insurance, while the Financial Sector Development...
How has pressure on the global reinsurance price impacted Papua New Guinea’s insurance sector?
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