Hasil Pencarian  ::  Simpan CSV :: Kembali

Abstrak :
Alternative Risk Transfer (ART) is the tool that arises to answer the challenge in making a risk transfer prosess more efficient. As a part of the solution in turbulent business world, ART is still in the evolution strages, especially when it comes to the implementation strges in developing countries that are still lack of with infrastructure. In our point of view, it seems that the most viable way to implement ART in Indonesia is form the dimension of ART in reinsurance relationship. Insurers will find it more efficient when they implement the multi year finite risk contract agreement compare to the traditional reinsurance contract. However, the interesting part is the development of the securitization in insurance product to capital market.Looking fraom the industry, this is a serious threat toward insurance industry since the product will bring a new relief on the industry map of competition. Nevertheless, securitization is a part of ART?s solution set to answer the limitation of capacity in the industry and the challenge to more demanding companies in relying its business in predictable cash flow. Despite those two methods, ART has another from that has been longed implemented in Indonesia, captives. In this paper, we try to formulate the three models in ART and what they offer to answer the problems that we have in Indonesia?s insurance industry.

Abstrak :
ABSTRAK
The Concept of Private Finance Initiative (PFI) or Public Private Partnership (PPP) has been internationally implemented over the last two decades. In Malaysia, even though the involvement of the private sector in assisting with the provision of public services and facilities is not new, only recently under the Ninth Malaysia Plan the government officially announced the implementation of projects using P FI scheme in order to promote greater involvement of the private sector in delivering public services (Ninth Malaysia Plan, 2006). Consequently, a series of PFI projects is now being implemented including some already under construction. However, little is known on the real nature of the Malaysian PFI One of the aspects considered critical in the implementation of a P FI project is the need for a public sector comparator (PSC) to demonstrate that the project can achieve value for money through comparing the public sector comparator (PSC) with the bid or bids submitted by the private sect01: The study being reported herein focuses on the concept of PFI as practiced in Malaysia and the construction of a PSC. Given that under the Malaysian PFI, the PSC is yet to be established there is an urgent need for one to be constructed. In addition, critical issues concerning the transfer of risks and the determination o.f discount rate are also discussed. The study combines literature review on P Fl and interviews with civil servants involved in the implementation of P FI in Malaysia.