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Indonesian Wealth Management Forum 2019 - Highlights - Edy Tuhirman

Edy Tuhirman of Generali

Oct 20, 2019

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1. What are the challenges and opportunities for this industry?

Video transcript

1. What are the challenges and opportunities for this industry?

The opportunity is good because in Indonesia, the penetration is still low - you're talking about less than 5% penetration - the population that we have, the economy is growing. So, there is a great opportunity, but the challenge that we have, as you know, is that we have 17,000 islands, we have three time zones. To penetrate the market in this direction: we're talking about the challenge of our geography, the challenge of socioeconomic status, because a big gap between the have and have-nots, and also the manpower - how do you reach the number of people that we have? The quality of HR, either in the back office or in front, is something that we have to work on.

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