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International Journal of Advances in Mechanical and Civil Engineering (IJAMCE)-IJAMCE
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Volume Issue
Volume-8,Issue-1  ( Feb, 2021 )
Paper Title
Fire Insurance Premium Estimation Model on High Rise Buildings that Serve as Office in Jakarta to Generate Realistic Premium Cost
Author Name
Yosua Pardamean Samuel, Yusuf Latief, Fadhilah Muslim, Paulus Nugroho
Civil Engineering DepartmentUniversitas Indonesia,Indonesia
Fires at office buildings in Jakarta often occur and cause considerable losses. Most of these fires were caused by the implementation of fire safety management (FSM) which was not optimal.One way to deal with losses due to fire is to use the services of an insurance company.The institution that is given the authority to determine the premium fee is the Financial Services Authority (OJK). In its determination, OJK uses two aspects, namely construction class and building occupation, and will produce upper and lower rates. In practice, in determining the cost of premiums between insurance companies, the difference is quite significant, even up to four times.The determination of the premium based only on two components does not realistically describe the actual condition of a building.By the literature studies the factor that determines insurance premium cost not only construction class, and building occupation.The result shows that fire safety management, policy, stakeholder, work breakdown structure, building occupation and building information modeling also determine the insurance premium. Keywords - Office Buildings, Implementation of Fire Safety Management, Insurance Premium Cost
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