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PERAN ASURANSI DALAM PENCAPAIAN SUSTAINABLE DEVELOPMENT GOALS (SGDS) Ellectrananda Anugerah Ash-shidiqqi; Batari Laskarwati
Eqien - Jurnal Ekonomi dan Bisnis Vol 10 No 1 (2022): EQIEN - JURNAL EKONOMI DAN BISNIS
Publisher : Sekolah Tinggi Ilmu Ekonomi Dr Kh Ez Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (147.647 KB) | DOI: 10.34308/eqien.v10i1.542

Abstract

The insurance industry can be a driver of sustainable development by collecting premiums, but insurance has a problem, namely the public's low understanding of insurance, so it is necessary to educate the public about the role of insurance. insurance, sustainable development research results confirm that the importance of disaster insurance is an alternative priority in disaster management activities in Indonesia. Finally, insurance through sharia insurance can also play a role by targeting those who are not touched by conventional insurance for reasons of belief. With the largest Muslim population in the world at 222 million people, the possibility of groups that do not want to accept conventional insurance is very large, and this is where Islamic insurance can play a role. With the contribution of all sectors including insurance, hopefully Indonesia can become one of the countries with the highest progress in terms of achieving the SGD targets.
Enhancing Literacy in Sharia Disaster Insurance Practices in Indonesia Ellectrananda Anugerah Ash-shidiqqi; Maranatha Lisatyaningrung Hainekam Fobia
MIMBAR : Jurnal Sosial dan Pembangunan Volume 40, No. 2, (Desember 2024) [Accredited Sinta 3, No 79/E/KPT/2023]
Publisher : UPT Publikasi Ilmiah (Universitas Islam Bandung)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/mimbar.v40i2.2047

Abstract

Reducing losses from natural disasters is an essential component of effective recovery and resilience building. Recognizing this, the Indonesian government has allocated a dedicated budget for disaster management through the State Budget (APBN) and Regional Budget (APBD), as stipulated in Law No. 24 of 2007 concerning Disaster Management. This allocation aims to ensure that resources are available for immediate response and long-term recovery efforts. However, the increasing frequency and severity of natural disasters, exacerbated by climate change, underscore the need for more substantial and adaptive financial mechanisms to address the growing demands for catastrophe funding.Funding mechanisms must extend beyond immediate needs such as emergency response and recovery. They should also encompass disaster risk transfer and mitigation initiatives, which include preventive measures, community preparedness, and investments in rehabilitation and reconstruction. Such an integrated approach not only addresses the consequences of disasters but also reduces risks and vulnerabilities over time.Individual risk insurers play a pivotal role in this framework by providing insurance solutions to help manage potential losses. In this context, the agreement between the insured and the insurer is formalized through a policy. This policy defines the insurer's obligation to cover specific risks that the insured may face in the future, in exchange for regular payments known as premiums. This system of risk transfer is a vital component of a comprehensive disaster risk management strategy, enabling both individuals and institutions to recover more swiftly from the financial impacts of disasters.