Askrindo Expands Business to Bone Regency, South Sulawesi

Jakarta (ANTARA) - PT Asuransi Kredit Indonesia (Askrindo) is expanding its business reach to Bone Regency, South Sulawesi, through the signing of a cooperation agreement for suretyship guarantees and general insurance with the local government. Askrindo’s President Director M Fankar Umran, in a written statement in Jakarta on Thursday, stated that this collaboration represents a concrete step in strengthening protection for regional economic activities, particularly in the micro, small, and medium-sized enterprise (MSME) sector. “This collaboration is a manifestation of our commitment to delivering relevant guarantee and insurance solutions tailored to regional needs, while also reinforcing an inclusive productive financing ecosystem,” Fankar said. Fankar noted that the partnership not only focuses on business development but also serves as a strategic response to the increasingly dynamic regional economic growth. According to him, the rising economic activities and regional spending are driving the need for measured risk mitigation instruments. “We believe that strong synergy between Askrindo and the local government will act as a catalyst in creating more inclusive and sustainable economic growth, through appropriate and value-added risk protection,” he added. Acting Regional Office Head VII of Askrindo, Ceri Fertiliawan, explained that this cooperation opens up significant business opportunities in South Sulawesi, particularly in the suretyship sector, in line with the high demand for guarantees on continuously developing local government projects. Additionally, development potential also arises from micro-insurance products such as Asuransi Mikro Usahaku and Asuransi Bahari, targeting local MSME actors. Moving forward, the cooperation is expected to be expanded to various other product lines, including personal accident insurance and other protection solutions that meet community needs. “Through this collaboration, we are optimistic about delivering services that are closer to the needs of local business actors, while also strengthening the penetration of insurance products that provide added value to local economic development,” Ceri said.