Askrindo supports 512 national projects worth Rp261.9 trillion
PT Asuransi Kredit Indonesia (Persero), or Askrindo, supported 512 strategic and national security projects with a total project value of approximately Rp261.9 trillion as of December 2025.
The support was delivered through General Insurance and Suretyship to sustain strategic projects and business activities.
“Askrindo wants to continue to be present and provide value for the Indonesian economy,” said Askrindo Finance Director Leonardo Henry Gavaza in a written statement in Jakarta on Wednesday.
Of that total, 16 projects are National Strategic Projects (PSN) with a total value of around Rp143.2 trillion, while the other 496 projects are in the national security sector with a value of approximately Rp118.7 trillion.
Askrindo’s support for PSN includes asset insurance for KCIC, or the Whoosh high-speed railway, the Ngawi-Kertosono-Kediri Toll Road, the South Japek Toll Road, Jasa Marga Bali Toll assets, the Serpong-Balaraja Toll Road Section 1A, and Medan-Binjai Toll assets.
It also covers housing development in the Nusantara Capital City (IKN), the Serang-Panimbang Toll Road, the Pemali-Juana Water Source Network, hospital construction, the Probolinggo-Banyuwangi Toll Road, the Jogja-Solo Toll Road, Tanjung Priok Port Tollways, the Cisumdawu Toll Road, and the Batang Integrated Industrial Estate.
Meanwhile, Askrindo’s Commercial Line capacity reached Rp28.6 trillion, an increase of around 42 percent compared to the 2023 position of Rp20.1 trillion.
“The increase in Commercial Line capacity shows that Askrindo continues to strengthen its ability to provide support with increasingly larger values. However, we balance this capacity increase with strengthened underwriting, risk management, and governance,” Leonardo explained.
In the long term, from 2016 to 2025, Askrindo has provided Bank Guarantee Counter Guarantee (KBG) worth Rp149.7 trillion, covering central and regional government projects through the state and regional budgets (APBN/APBD), state-owned enterprises (BUMN), and various other economic activities.
“We do not only look at the size of the project value, but also ensure that every risk accepted is in line with the company’s capacity and risk appetite. Prudent underwriting principles and risk management are the foundation for maintaining the sustainability of Askrindo’s business,” he said.
On the other hand, Askrindo also supports the government through Government Programme Insurance, particularly the People’s Business Credit (KUR), which is an important part of efforts to expand access to financing for micro, small, and medium enterprises (UMKM).
Askrindo supports UMKM financing by providing credit insurance protection that supports business actors’ access to bank financing.
Thus, Leonardo said, the benefits of Askrindo’s presence are not only felt in large-scale projects, but also by business actors in the UMKM sector.