Contribution of Technology to Insurance in Indonesia

DOI

10.2991/assehr.k.200331.124How to use a DOI?

Keywords

insurance, technology

Abstract

In recent years, Indonesia has begun to develop its information and communications technology. Along with the development and spread of the use of information and communications technology in everyday life, the need for information, business world, and community responsibility has also increased, including insurance companies. Insurance companies act as a form of risk control by transferring the risk from one party to another. The growth of the insurance industry reflects the expanding need for protection both for health and assets owned. The growing awareness of insurance is inseparable from the influence of people’s rising income and the development of digital technology. This paper investigates factors that affect the insurance variable related to the technology proxy in Indonesia from 2003 to 2015. Time-series data were analyzed using regression modeling with assumption-checking. Mobile user subscriptions, individual Internet users, Information and communications technology (ICT) goods, and ICT services are found to significantly and positively affect the insurance variable. The results indicate that insurance industry policy makers should start developing online premium policies and an online claim system.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Karin Amelia Safitri
PY  - 2020
DA  - 2020/04/03
TI  - Contribution of Technology to Insurance in Indonesia
BT  - Proceedings of the 3rd International Conference on Vocational Higher Education (ICVHE 2018)
PB  - Atlantis Press
SP  - 78
EP  - 83
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200331.124
DO  - 10.2991/assehr.k.200331.124
ID  - Safitri2020
ER  -