The Indonesian Insurance Marketplace
#1 the Market
Market is a regular gathering of people for the purchase and sale of provisions, livestock and other commodities #ehnclass
Market is an area or arena in whih commercial dealings are conducted #ehnsharing
Marketplace is an open space where a market is or was formerly held in a town #ehnsharing
Marketplace is the arena of competitive or commercial dealings the world trade #ehnsharing
In simple words, market is a place where the buyers meet the sellers #ehnsharing
Traditionally, the market was phisycally located in the middle of the town or near public area #ehnsharing
In Islamic (Arabic) world, market was always located nearby to the mosque #ehnsharing
In insurance, the oldest market was known as Lloyd’s of London #ehnsharing
Historically, Lloyd’s turned from a café shop into a largest insurance market in the world #ehnsharing
In Indonesia, the structure of insurance market divided into three major categories #ehnsharing
There are (1) The Buyers, (2) the Intermediaries and (3) the insurance Sellers #ehnsharing
~ to be continue ~
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