10 years of existence in Indonesia, FWD Insurance opens three independent sales offices in East Java

To commemorate FWD Group’s 10^th anniversary, PT FWD Insurance Indonesia (“FWD Insurance”), a customer-led and digitally enabled life insurance company in Indonesia, has opened 3 (three) independent marketing offices in the East Java area. This strengthens its support of financial protection and inclusion to people in Indonesia with expanded access to FWD Insurance’s products.

Praveen Paladugu, Chief of Distribution Strategy, FWD Insurance, said, “We’re committed to providing insurance products and experiences that are easy to know, easy to buy, easy to claim, easy to engage, and most importantly, easy to love, delivering our vision of changing the way people feel about insurance. With our growing agency sales force which has now reached more than 6,000 agents, we’re excited to provide protection solutions to more people in Indonesia.”

The opening of these marketing offices aims to expand access, especially for the people of East Java, to FWD Insurance products. This is also in line with the Financial Services Authority's programme to increase financial inclusion and support the government's target of achieving a 90 percent Financial Inclusion Index by 2024.

Based on the Year-End Accountability Report (LKPJ) for the 2022 fiscal year of East Java Province, the economic growth index in 2022 reached 5.34%, contributing 24.99% to the Gross Regional Domestic Product (PDRB) of Java Island and 13.98% to the Gross Domestic Product (PDB) of Indonesia. This positions East Java as a suitable province for FWD Insurance to further strengthen its offerings in Indonesia.

Below is the list of FWD Insurance’s three independent marketing offices:

Praveen added, "Through these independent marketing offices, the people of East Java can have face-to-face consultations with our agents who are equipped with digital sales tools that provide ease and convenience in choosing the right protection products."