Askrindo's Total KUR Coverage Reaches Rp810.3 Trillion as of March 2026

Semarang, Central Java (ANTARA) - PT Asuransi Kredit Indonesia (Askrindo) recorded a total value of Kredit Usaha Rakyat (KUR) coverage from 2007 to March 2026 reaching Rp810.3 trillion. This coverage encompasses more than 36.8 million business debtors. “Our active participation in the KUR programme is part of our ongoing commitment to supporting financial inclusion and strengthening the micro, small, and medium enterprise (MSME) sector,” said Askrindo’s Director of Compliance, Human Resources, and Risk Management, R. Mahelan Prabantarikso, during a media briefing in Semarang, Central Java, on Thursday evening. Amid industry dynamics, Askrindo stated that credit insurance performance continues to show resilience. Credit insurance accounts for 70 percent of the company’s portfolio. Although the industry claim ratio remains at a relatively high level, Mahelan said this reflects the strategic role of the credit insurance industry in absorbing financing risks, particularly in the MSME segment. In response, Askrindo continues to strengthen its overall risk management capabilities. Strengthening is carried out from the underwriting process to claims management, to maintain a healthy and sustainable portfolio quality. “This step allows us to maintain performance stability while capturing growth opportunities in a more measured manner,” Mahelan stated. Looking ahead, Askrindo projects a positive outlook for the credit insurance industry, in line with banking credit growth targets of around 8 to 12 percent in 2026. However, the company emphasises the importance of quality growth, not merely chasing volume. “We are optimistic about growth opportunities in 2026, especially with increasing needs for risk mitigation in various sectors. But the key remains one thing: growing with quality, not just chasing volume,” Mahelan remarked. Meanwhile, the company’s performance as of March 2026 recorded premiums of Rp1.16 trillion, or around 10 percent growth (year-on-year/yoy). Premium growth was mainly driven by a significant increase in the general insurance line. This segment recorded growth of up to 44 percent. In line with that, Askrindo stated that the company’s profit increased by 77 percent (yoy), although it did not detail the profit figure recorded.