Asuransi Jasindo, the marketing brand for PT Asuransi Jasa Indonesia (Persero) is the second largest general insurance company in Indonesia

Indonesia

Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...

 and is wholly owned by the Government of Republic of Indonesia

Politics of Indonesia

Politics of Indonesia takes place in a framework of a presidential representative democratic republic, whereby the President of Indonesia is both head of state and head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both...

, administrated under the Ministry of State-Owned Enterprises

Government-owned corporation

A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...

. Its assets worth more than 2 billion Rupiahs with gross written premium more than 2.5 billion Rupiahs, approximately 11% of Indonesian market share among other 95 general insurance companies in the archipelago.

History

Asuransi Jasindo was established on 2 June 1973. The company itself begun long before the independence of Republic of Indonesia. Asuransi Jasindo came into existence following a very long struggle dating back as early as 1845, as a result of the nationalization of a number of colonial Dutch insurance companies in 1845 such as NV Assurantie Maatshsppij de Nederlander and Bloom Vander, both of which domiciled in Jakarta

Jakarta

Jakarta is the capital and largest city of Indonesia. Officially known as the Special Capital Territory of Jakarta, it is located on the northwest coast of Java, has an area of , and a population of 9,580,000. Jakarta is the country's economic, cultural and political centre...

. Exactly 100 years after the nationalization, Indonesia proclaimed its independence in 1945, leading to the nationalization of Dutch and British insurance companies which then became PT. Asuransi Bendasraya as general insurance operating in rupiah currency and PT. Umum International Underwriters (PT. UIU) a general insurance company operating in foreign currency.

Management

The current management of Asuransi Jasindo is:

• Eko Budiwiyono - President Director
• Eddy Sudarsono - Managing Director (Technical)
• Sholihah - Managing Director (Finance)
• Budi Tjahjono - Managing Director (Corporate Marketing)
• Soeranto - Managing Director (Retail Operation)

Asuransi Jasindo now employs more than 1,000 staff at more than 88 branches over the nation, including an overseas branch in Labuan

Labuan

Labuan is a federal territory in East Malaysia. It is an island off the coast of the state of Sabah. Labuan's capital is Victoria and is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support...

, Malaysia.

Jasindo Labuan

The Labuan Branch Office is a business unit within the company which handles the inward reinsurance business from non-Indonesian clients. It is a licensed offshore

Offshore company

The term offshore company is ambiguous. It may refer to either:# A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre i.e...

insurer and regulated by Labuan Offshore Financial Statutory Authority (LOFSA) under Offshore Insurance Act 1990, with Company no. LF02494 and license no. IS200039.

Currently the Branch Office is managed by Erwin Hanapi Noekman, a (re)insurer practitioner.