PT (Persero) Asuransi Ekspor Indonesia (ASEI) was established as a realization of the government's commitment to improve national non-oii and gas exports. ASEI, representing a State Owned Enterprise that is fully owned by government of the Republic of Indonesia, was established on November 30,1985 as a follow-up of Government Regulation (PP) No, 1/1982 concerning the undertaking of exports, imports and foreign exchange. Under this regulation the government provides export-financing facility,
export credit guarantee and export credit insurance with soft terms and conditions. The export financing facility included credit liquidity facility from Bank Indonesia (the Central Bank) was channeled through executing banks. While export credit guarantee facility originally carried out by PT Asuransi Kredit Indonesia (ASKRINDO) the by decree of the Minister of Finance No. 12/KMK.011/1986 was assigned to ASEI.

In the government efforts to increase non-oil and gas exports, originally there was close cooperation among Bank Indonesia, executing banks, and ASEI. Then through the deregulation Package of January 1990, soft terms export credit guarantee facility and export credit-financing facility were terminated. Even though there was basic external change producing very significant impact to particularly* the business performance of export credit guarantee and credit insurance, ASEI tried to be consistent with the mission to participate in supporting the development of non oil-and gas exports.

On the other hand, ASEI tried to restrain the decreasing performanc ofter the deregulation Package January of 1990 by entering the General Insurance business.