Welcome to Pacific
Our business is founded on being able to deliver service, value and integrity to our clients and their needs.
Our business insurance solutions help companies manage a wide range of risks and exposures encountered in today’s business environment.
We deliver risk and insurance services and solution to our clients. We address our clients’ risk management and insurance needs and assemble the resources needed in delivering tailored solutions.
We work to develop long-term, mutually beneficial associations with our clients by thoroughly understanding their businesses and listening to their needs. We deliver individualized services and solutions that complement our clients’ insurance goals and enable them to maximize their business results.
The business environment is continuously changing and will continue to do so. Likewise, there are changes in legislation, and evolving social changes. The consequence is that insurance covers too are changing and are getting increasingly sophisticated and complex.
It is therefore important that your insurance covers continue to keep pace, and the need to have a regular review of your insurance programme to update and upgrade. This requires a trained professional to advise you of such changes and to administer covers which may require specialist insurance knowledge.
With increased demands placed on insurance practitioners in general, there is now more legislative supervision by the Authorities to ensure professional standards are maintained. Insurance Brokers in Indonesia are regulated by the Ministry of Finance Indonesia, and this provide some comfort to the insuring public that professional standards and best practices are maintained.
Insurance Brokers are required to meet capitalisation requirements, solvency margins, continuing professional development for skills upgrading, amongst others. An Insurance Broker is required to maintain a professional indemnity insurance cover, comply with the Code of Practice and adhere to a Code of Ethics. An insurance broking practitioner is required to maintain a minimum level of academic qualification and professional qualification dependent on the class of insurance handled by the broker.
These measures ensure that the Broking Firm and the broking practitioner are professionally qualified to advise their Client/Insured. It is important to note that the insurance broker principally represents the interests of the Client and not the Insurer.
