Suddenly, I feel aghast after surfing in the cyber world this evening. The world stock market crash news is the reason. When the energy crisis and global food crisis still being unsolved problem for mostly countries in the world, they are inflicted by investment & banking crisis. Then I run into 19th October 1987 when the same things occurred because the Dow Jones Industrial Average dropped by 508 points to 1739 (22.6%). That moment has been called as the black monday. Furthermore, at 28th October 1929, the world was shaken by devastating of stock market in United States. That moment was called not only black monday, but also Wall Street Crash of 1929. And now, the twelfth Black Monday has come! Continue reading ‘The Twelfth Black Monday’
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The Problems
Insurance industry is one of the business way that initially supposed to be one of the most prospective industry in Indonesia since the country have large people population. However, in the process of the industry, there are many problems which has been attached. Start from the market structure problems, until the customers’ ones.
First, there are over supply phenomenon between insurance producer and the consumers. Whereas, Indonesia with the population until 220 million people should be an affluent market to grow. So, what’s the problem? The affluent market has convoked may players to play within. So, the players is too many, and they just become minor companies so that they get difficulties to expand their operations. As we know, the market leader here only have 12,08% market share.
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