Prudential Indonesia aims to boost number of MDRT-qualified agents

first_imgLife insurance company PT Prudential Life Assurance (Prudential Indonesia) aims to increase the number of its agents who qualify for membership of a global association of life insurance and financial services professionals, amid the persistently low insurance penetration rate in the country.The number of Prudential Indonesia’s agents registered as members of the trade association Million Dollar Round Table (MDRT) has grown over the years. Within four years, it more than tripled from 302 agents in 2017 to 1,000 agents in 2020.  MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business. With that figure, Prudential Indonesia accounts for around 36 percent of the 2,745 MDRT-registered agents in Indonesia as of July 1, making it one of the 10 countries with most MDRT members. Last year, only 2,459 agents in the country were registered as members of the association.“If we are talking about aspirations, of course, we hope the number does not stay at 1,000. By 2021, we aspire for that number to reach 1,800,” the company’s chief agency officer, Rusli Chan, said during a virtual media briefing on Tuesday. Indonesia’s insurance penetration relative to gross domestic product (GDP) remains low. According to the latest data from the Organization for Economic Cooperation and Development (OECD), Indonesia’s insurance spending in 2018 was only 1.79 percent of the country’s GDP, lower than in neighboring Malaysia’s, where it was 4.4 percent, and much lower than the average insurance spending in OECD member countries at 8.92 percent of GDP.A recent high-profile case involving state-owned insurer PT Asuransi Jiwasraya added to public distrust of insurance companies. Jiwasraya has been accused of mismanagement and corruption after investing most of its premium revenue from the JS Saving Plan, one of the company’s insurance products, into so-called pump-and-dump stocks. Prudential Indonesia has more than 260,000 agents across the country, a number that is reportedly growing amid the pandemic as people look for alternative sources of income, Prudential Indonesia president director Jens Reisch said. “We actually increased our [agent] recruitment quite significantly. Now, the number of agents is already 285,000,” Reisch noted during the media briefing. Prudential Indonesia runs a host of capacity building programs for its agents to help them qualify for the MDRT title. Rusli explained that the company built an awareness program called Run for MDRT and provided its agents with MDRT mentorship to facilitate the transfer of knowledge between agents. Miliana Marten, MDRT Indonesia country chair, explained that MDRT membership would give agents access to resources as well as a global network with the world’s best financial services professionals. The MDRT has more than 72,000 members from more than 500 companies in 70 countries. “The MDRT is membership-based. To achieve MDRT membership, a high level of commitment is needed to achieve the benchmark of premium collection,” Miliana said during the same event. To be considered for MDRT membership, agents need to collect total premiums worth Rp 453.92 million (US$31,000) within their first year. A step above the MDRT qualification is the Court of the Table (COT) qualification, given to members who collect total premiums of Rp 1.36 billion.The highest qualification, called the Top of the Table (TOT), is given to those who manage to collect Rp 2.72 billion in yearly premiums.Editor’s note: This article has been updated to accommodate a clarification that Prudential did not just start the MDRT program in 2017.center_img Topics :last_img read more

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JDR and Taya Group Team Up in Taiwan

first_imgUK-based JDR Cables, part of the TFKable Group, signed a Memorandum of Understanding (MOU) with Taiwan’s electric wire and land cable manufacturer Taya Group to jointly develop offshore wind supply chain in Taiwan.The two companies will collaborate on localisation opportunities on future renewable energy projects in the area, with a specific focus on offshore wind.In partnership with Taya Group, JDR aims to transfer key technical expertise and utilise Taya Group’s products and services in future project work. As a result of the signing, both companies will discuss areas where localisation can take place and where they can best support each other.Gary Howland, Sales Manager at JDR, said: “We are thrilled to sign the MOU with Taya Group today, and to be involved in one of the most exciting and ambitious emerging markets for renewable energy. Taiwan’s offshore wind industry has a bright future and we are extremely proud to be a part of it. Currently we are the leading subsea cable supplier in Taiwan, and we’re looking forward to collaborating with Taya Group.”The signing ceremony was held on Wednesday, 10 July, at Taya Group’s headquarters in Tainan and the MOU will serve to establish and implement joint efforts to develop the offshore wind supply chain in Taiwan.JDR has so far won two offshore wind contracts in Taiwan. In June 2018, the Hartlepool-headquartered company secured a contract to manufacture and supply inter-array, export and land cables for the 120MW Formosa 1 Phase 2 wind farm.In January 2019, Jan De Nul awarded JDR with a contract to provide subsea power cables and accessories for the 110MW Taiwan Power Company Offshore Wind Farm Phase One.last_img read more

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Easter trading bill defeated comfortably

first_img3 News 28 June 2012The retail workers union is praising Parliament for defeating a bill which would have allowed shops in MP Jacqui Dean’s Waitaki electorate to open on Good Friday and Easter Sunday. The bill went down 70-49 on a conscience vote on Wednesday night. Ms Dean, a Government MP, said towns in her central Otago electorate were suffering because they couldn’t open while nearby Queenstown was exempt. “Lots of people visit Wanaka, Geraldine and other places over Easter and do you know what happens? They all go shopping in Queenstown,” she told parliament. Some MPs who spoke against the bill during the first reading debate said retail staff would be forced to work over Easter.http://www.3news.co.nz/Easter-trading-bill-defeated-comfortably/tabid/1607/articleID/259444/Default.aspxlast_img read more

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Senate OKs bill bringing back GMRC in schools

first_imgMANILA – The Senate approved a measureseeking to institutionalize values education, including Good Manners and RightConduct (GMRC), as a core subject in the K to 12 curriculum. The measure also called for a mothertongue-based multilingual education approach to be adopted in teaching valueseducation to make the subject more accessible and user-friendly to students. SBN 1224 states that values educationclasses would include clear, distinct, specific and concrete character-buildingactivities such as role-playing in the classroom, community immersion activities,teacher-parent collaborative learning activities, school initiated valuesformation activities, simulated activities, and other forms of experientiallearning activities. The DepEd must also establish linkagesand provide the necessary support to strengthen parent-teacher partnerships toenable parents to perform their vital role in the effectiveinstitutionalization of the values formation education./PN Under the measure, values education willbe integrated into their daily learning activities for kindergarten studentsafter GMRC was removed as a regular subject and was integrated with othersubjects, including Edukasyon sa Pagpapakatao and Araling Panlipunan under theK to 12 curriculum. “This will allow students to gainreal-life experiences in applying their values to difficult situations, but ina controlled environment where experienced educators will help them process thelessons they learned in a constructive and nurturing way,” Gatchalian said. “The amount of time allotted to valueseducation was inadequate as it did not provide enough time for teachers toengage students in meaningful discussions and exercises on values formation,” saidSenate committee on basic education chair and bill sponsor Sen. SherwinGatchalian. In a 23-0 voting on Monday night, thesenators approved Senate Bill No. 1224, or the Comprehensive Values EducationAct, elementary and high school students in public and private schools would berequired to take a mandatory GMRC subject for an hour daily. The Department of Education (DepEd) willalso conduct an annual review of the institutionalization of comprehensivevalues education in the K to 12 program curriculum to ensure its properimplementation and assess student learning outcomes for the purpose ofdetermining its efficacy.last_img read more

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Girls Swimming Sectionals @ Columbus North

first_imgGirls Swimming Sectional Final Results @ Columbus North.Team Results:  1. Columbus North-501; 2. Bloomington South-413; 3. Bloomington North-322;  4. Columbus East-187; 5. Greensburg-158;  6. Edgewood-153;7. Batesville-126;  8. South Dearborn-98;  9. Oldenburg Academy-81;  10. East Central-80;  11. Lawrenceburg-60;  12. South Ripley-37;  12 Milan-37.Girls Swimming Sectionals @ Columbus North FinalsCourtesy of The IHSAA.last_img

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Cheryl E. Petty, 67

first_imgCheryl E. Petty, 67 formerly of Greensburg, passed away on Monday, May 4, 2020 at the Columbus Regional Hospital after her battle with COVID-19. Cheryl was born on April 2, 1953 in Greensburg, the daughter of James Thomas and Marjorie Frances (Headlee) Bennett. She married Marvin JR Petty on June 20, 1970 at the First Baptist Church in Greensburg and he preceded her in death on July 3, 1999.Survivors include her daughter Sherri Petty of Central City, Nebraska; her son Bryan (Suzie) Petty of Westport; her sister – Tammi (Wade) Ryle of Greensburg; three grandchildren – Sydney Petty, Trenton Petty and Bennett Petty. She was preceded in death by her parents and her husband.Cheryl had many health problems throughout her life, but did work for DSI after her husband passed away as a support staff, which brought her much joy. She loved all animals, especially her dogs and cats.A private burial will be held at South Park Cemetery. Memorial contributions may be made to Columbus Transitional Care and Rehabilitation, 2100 Midway Street Columbus, IN 47201. Online condolences may be made to the family at www.gilliland-howe.com.last_img read more

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Ashley not seeking to sell up

first_imgMike Ashley is not actively looking to sell Newcastle. Press Association Above all else, Ashley is a businessman and the chance to make a profit on a club in which he has since invested in excess of a further £130million is one which would prove difficult to resist. However, the fact remains that there are no offers on the table and none in the pipeline. Ashley has, of course, twice tried to sell Newcastle – once in the wake of Kevin Keegan’s departure from his second spell as manager, and then again following relegation from the Barclays Premier League at the end of the 2008-09 season with fans in open revolt on both occasions. However, at neither point did any party come remotely close to clinching a deal despite fevered speculation, with even an ill-fated mission to the cash-rich Middle East failing to smoke out a buyer. Having taken the club off the market for the second time in October 2009 with then manager Chris Hughton and his players engaged in what would prove to be a successful battle to drag it back into the top flight at the first attempt, Ashley drew a line in the sand and set about the task of rebuilding it. The watchword for he and managing director Derek Llambias was “stability”, and although the going has been far from smooth – the decisions to rename St James’ Park as the Sports Direct Arena and to strike a sponsorship deal with payday loans company Wonga were particularly badly received – the trend was largely upward until last season. Newcastle finished fifth and won a return to European football at the end of the 2001-12 campaign, but struggled over the line in 16th place 12 months later with manager Alan Pardew baring the brunt of supporter frustration, but Ashley and Llambias finding themselves in the firing line too over their distinctly limited involvement in the transfer window. However, a new pantomime villain strode on to the stage when Joe Kinnear was handed the role of director of football, prompting Llambias’ exit. Several hundred supporters attended a meeting on Monday at which a motion was passed calling on Ashley to get out. But until such time as a sizeable cheque is sitting in the billionaire’s bank account, he will continue. center_img The sportswear tycoon’s critics were boosted on Wednesday by a report claiming the club is on the market once again. However, Press Association Sport understands that while any prospective buyer could open the door to a deal by tabling a suitable offer, Ashley is not attempting to offload the business he bought six years ago as a matter of urgency. Indeed, that has been the situation since the day he completed a £134.4million takeover during the summer of 2007. last_img read more

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Jordi Amat signs one-year contract extension with Swansea

first_img Press Association Swansea defender Jordi Amat has signed a one-year contract extension. Meanwhile, Swansea forward Kenji Gorre has returned early from his loan spell at Eredivisie side Den Haag. The 21-year-old made just five appearances after joining on an intended season-long in July. center_img The 23-year-old Spaniard has made 48 appearances for the Swans since joining from Espanyol in 2013, but has started just one Barclays Premier League game this campaign. Swansea announced the news on their Twitter account, saying: “Swans defender @JordiAmat5 has signed a new one-year contract extension at the Liberty Stadium.” last_img read more

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UNC-Asheville meets Gardner-Webb in Big South quarters

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditUNC-Asheville (15-15, 9-10) vs. No. 3 seed Gardner-Webb (15-15, 11-7)Big South Conference Tourney Quarterfinals, Dedmon Center, Radford, Virginia; Thursday, 2 p.m. ESTBOTTOM LINE: UNC-Asheville is set to take on Gardner-Webb in the quarterfinals of the Big South tournament. The only meeting between the teams this season came on Jan. 30, when the Runnin’ Bulldogs outshot UNC-Asheville 50.9 percent to 42.9 percent and made seven more 3-pointers on their way to the 70-56 victory. March 4, 2020 Associated Press STEPPING UP: The Bulldogs have been led by sophomores LJ Thorpe and DeVon Baker. Thorpe has averaged 14 points and 6.3 rebounds while Baker has put up 16.5 points per game. The Runnin’ Bulldogs have been led by Eric Jamison Jr. and Nate Johnson, who are averaging 14.4 and 13.1 points, respectively.EXCELLENT ERIC: Jamison has connected on 35.8 percent of the 53 3-pointers he’s attempted and has made 5 of 12 over his last five games. He’s also converted 68.6 percent of his free throws this season.YET TO WIN: The Bulldogs are 0-9 when they score 70 points or fewer and 15-6 when they exceed 70 points. The Runnin’ Bulldogs are 0-9 when they fail to score more than 64 points and 15-6 on the season, otherwise.ASSIST-TO-FG RATIO: The Runnin’ Bulldogs have recently used assists to create buckets more often than the Bulldogs. Gardner-Webb has 42 assists on 85 field goals (49.4 percent) across its past three outings while UNC-Asheville has assists on 28 of 72 field goals (38.9 percent) during its past three games.DID YOU KNOW: UNC-Asheville has committed a turnover on just 16.5 percent of its possessions this season, which is the second-best percentage among all Big South teams. The Bulldogs have turned the ball over only 11.6 times per game this season and just 9.4 times per game over their last five games.___center_img UNC-Asheville meets Gardner-Webb in Big South quarters For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comlast_img read more

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Cameron says T&T should become ICC member

first_imgFORMER president of Cricket West Indies (CWI) Dave Cameron says that countries like Trinidad and Tobago should become full members of the International Cricket Council (ICC) but play only white-ball cricket alone and not Test matches.He said that Test matches should be played as West Indies cricket team. He commented to support his point that cricket has to become a business and not only seen as a social tool. “When you look at Trinidad and Tobago, Barbados, Guyana, and Jamaica, they can beat teams like Ireland in white-ball cricket. By allowing them to play alone in international cricket in the white-ball format, it will allow more players to get chances and it will build the game. It will also lead to more domestic cricket and this will help. The countries will benefit financially as well and this is what you want.”Cameron added that he understands the social impact that West Indies cricket brings in terms of unity in the Caribbean and hence he is not calling for the dismantling of Cricket West Indies (CWI). I think that the West Indies should continue playing the Tests or even the 50-overs version but allow the individual nations in the Caribbean to compete alone as T20 teams.“This would work well for global events like the Olympics or the Commonwealth Games. We have to understand that cricket and sport, on the whole, are constantly changing, and if we don’t adapt the sport will suffer.”Cameron who is vying to become chairman of the International Cricket Council (ICC) says that the ICC should be looking to spread the game in this way because they will get greater participation. “If they want to spread the cricket, then have players from countries like China, going to these countries and play against them.They may never compete against the giants but give them a chance to compete in white-ball cricket against the individual countries and the game will grow. We need to understand the way the world is going in terms of sports and sports business and put ourselves in a position to stay relevant.”Cameron is awaiting the rules as to how the new ICC chairman will be elected. He was asked by the US Cricket Hall of Fame of which he is a part, to consider throwing his hat into the ring and he agreed. The US Hall of Fame then wrote the president of CWI Ricky Skerritt asking him for the board to nominate Cameron but according to the Jamaican, the board is yet to respond.(Reprinted from TT Guardian)last_img read more

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