The acquisition of the specialist insurance MGA comes as AUB continues to build scale across its agencies portfolio while expanding its insurer and market partnerships.
The launch is expected to support Sompo's efforts to expand access to syariah-based protection as Indonesia's insurance sector moves towards higher minimum capital requirements.
The council is urging the next government to back resilience infrastructure, stronger land-use planning and long-term funding to reduce natural hazard risks and protect insurance affordability.
Brokers will have 12 months from commencement to fully implement transition requirements covering strata, remuneration disclosure, vulnerable clients, record-keeping and renewals.
