Business progress and government regulation concerning the Surety
Bond Guarantee (Suretyship) made Asuransi ASEI as the main company
in this business. 3 November 2008, Government issued new policy
in Minister of Finance Regulations (PMK) Number 124/PMK.010/2998
concerning "Implementation of Credit Insurance and Suretyship Business".
One of PMK aims is made the Surety have better credibility in Suretyship
Guarantee release to the Obligee. Specifically, those 3 articles
states that: "General Insurance Company which release Credit Insurance
or Suretyship aim to have Equity at minimum 250 billion Rupiah".
That, made less eligible General Insurance company which able to
release Suretyship Guarantee. That PMK benefits PT. Asuransi Ekspor
Indonesia (Asuransi ASEI). Currently, Asuransi ASEI has 600 billion
Rupiah in equity, twice more than the qualified limit. In the other
side, refers to Asuransi ASEI experiences in Insurance and Guarantee
service for almost 24 years (established in 1985) and its status
as State-Owned Enterprises (BUMN), thus made Asuransi ASEI as the
best Surety Company for both Principal and Obligee. To implement
risk management and to develop acceptation capacity, Asuransi ASEI
should cooperate with other both other organization and other companies.
One of them is Reinsurance Company, for supporting in risk and guarantee
acceptation capacity improvement. In Indonesia, General Insurance
companies able to be Reinsurance company (Reinsurer) for one each
other. In Indonesia, There are 4 (four) national companies thus
established as Reinsurance Company (Professional Reinsurance). They
are: PT. Reasuransi Nasional Indonesia (Nas RE); PT. Reasuransi
Internasional Indonesia (ReINDO); PT. Tugu Reasuransi Indonesia
(TUGU-RE) and PT. Maskapai Reasuransi Indonesia, Tbk (MAREIN), thus
united in INDONESIA PROFESSIONAL REINSURERS (IPR). Asuransi ASEI
also supported by international professional reinsurance, Asia Capital
Reinsurance Group, Pte.Ltd, Singapore. As Professional Reinsurance
(Prof-RE), they have analytical ability and more comprehensive data.
Sometimes, Prof-RE could be "consultant" for their clients (ceding
company), especially for underwriting quality improvement of the
ceding company. Asuransi ASEI proud of becoming client of thus four
Prof-RE (5, include international Prof-RE). It commits Asuransi
ASEI, means high credibility in insurance and guarantee business.
Thursday, 18 December 2008 in Head Office of Asuransi ASEI (Gd.
Menara KADIN Indonesia, 22nd floor, Kuningan-Jakarta) has signed
TREATY REASURANSI SURETYSHIP TAHUN 2009 between Asuransi ASEI and
four Professional Reinsurances above. Asuransi ASEI represented
by Mr. Zaafril Razief Amir (President Director) and from each prof-RE
represented by Mr. S. Setiawan (President Director of ReINDO); Mr.
Harry Kaporo (President Director of Nas RE); Mr. Robby Loho (President
Director of MAREIN) and Mr. Moro W. Budhi (President Director of
TUGU-RE). Supported by 4 domestic Prof-RE, 1 international Prof-RE
and other domestic General Insurance companies thus united in Reinsurers
Panel for Asuransi ASEI, made Asuransi ASEI one of the higher credible
Insurance and Guarantee Company. .
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