PT Reasuransi Indonesia Utama, otherwise recognized as Indonesia Re, was established by the name PT Asuransi Ekspor Indonesia based on Deed No.173 dated November 30th 1985. The Deed was made in the presence of Achmad Bajumi, S.H. Notary, substituting Imas Fatimah S.H. Notary in Jakarta.
In order to increase the reinsurance capacity obtained from merging equity into one large entity and reduce the Company's dependence on the need for retrocession/ import reinsurance capacity, the Government of Indonesia (Republic of Indonesia Ministry of State-Owned Enterprises and Ministry of Finance together with regulator (Financial Services Authority) formulated a policy and strategy to increase domestic reinsurance capacity by forming a National Reinsurance Company (PRN) through the merger of Reinsurance Companies in Indonesia.
Regarding this matter, Indonesia Re (formerly ASEI) was appointed by the Ministry of State-Owned Enterprises (shareholder), as a forum for the formation of the National Reinsurance Company (PRN), which in 2015 evolved its business to reinsurance.
Indonesia Re is a company where 100% of shares is owned by The Republic of Indonesia in the form of a State-Owned Enterprise.
With the government’s large capital commitment, high-quality human resource support, and sophisticated information and technology system, Indonesia Re is prepared to provide reliable protection and reinsurance solutions along with international standard reinsurance services.
Life Reinsurance Business
Provide protection/ reinsurance solutions for life insurance companies with a coverage of all-life and health insurance products proportionally and non-proportionally:
- Life Insurance
- Personal Accident
- Critical Illness
- Hospital Cash Plan
- Hospitalization Or Health Insurance
- Credit Life Insurance
- Savings Insurance
- Total Permanent Disability
- Waiver of Premium
General Reinsurance Business
Provide reinsurance protection/ solutions for general insurance companies with a coverage of all general insurance products both proportionally and non-proportionally:
- Property Insurance
- Engineering Insurance
- Shipping Insurance
- Hull Insurance
- Aircraft Insurance
- Motor Vehicle Insurance
- Miscellaneous Insurance
- Credit Insurance
- Counter Guarantee
- Surety Bond
Vision and Mission
Vision
Our vision is to become a credible partner in providing reinsurance solutions with a world-class innovation capabilities.
Mission
• Increase knowledge, capabilities and application of innovations in insurance / reinsurance;
• Provide customers with international standard reinsurance solutions;
• Increase reinsurance supply and retention in Indonesia.
Corporate Culture
Indonesia Re believes that the insurance business is based on customer trust. Therefore the company continuously takes action to build and foster that trust.
In order to build and maintain customer trust, every employee at Indonesia Re must carry out the following values as a work culture.
Innovative : Continuously innovate
Nurture : Build a positive environment to increase the company’s performance
Discipline : Comply with the rules
Objective : Act without being influenced by personal opinion or concern
Nationalism : Love the nation and country
Engaged : Engage customers to commit together
Social Awareness : Put forward social care in building trust to improve business performance
Integrity : Own strong character in maintaining trust and honesty
Agility : Agile in carrying out tasks
Reliable : Able to be trusted
Excellence : Be outstanding
Employee Behavior
Indonesia Re own seven behaviors as basic values that become important aspects in the activities of every employee:
1. Anticipative;
2. Trustworthy;
3. Keep on learning;
4. Work Effectively and Thoroughly;
5. Cooperate and Synergize;
6. Target Oriented and Winning;
7. Representative, Communicative, and put a Smile on
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