This SOE Remains a Strong Leader in the General Insurance Industry

PT Asuransi Kredit Indonesia (Persero), or Askrindo, has won the National General Insurance Market Leader 2026 award at the Insurance Market Leaders Award 2026 event. Askrindo Business Director Budhi Novianto stated that the award reflects the company’s commitment to maintaining operational performance, formulating strategy, and implementing corporate governance (GCG) in a disciplined and sustainable manner. “Askrindo believes that strong governance and operational efficiency are the main keys to maintaining competitiveness as well as customer and regulator trust in the insurance industry,” Budhi said in a written statement in Jakarta on Thursday (30/7). The assessment for the Insurance Market Leaders Award 2026 refers to the results of Media Asuransi’s annual research since 2015 to map the main drivers of the industry. The main assessment indicators refer to the 2025 financial report (unaudited) and statistical data from the Financial Services Authority (OJK), with gross premiums as one of the main parameters for the general insurance line. Budhi added that going forward, Askrindo will continue to sharpen its growth strategy focusing on product diversification, modernising the digital ecosystem, and strengthening risk management across all business lines. This move is said to be in line with the company’s commitment to expanding the reach of protection to the micro, small, and medium enterprise (UMKM) sector. In line with this, Askrindo affirmed it will continue to improve the quality of digital services and strengthen the effectiveness of internal governance. In addition, the company will also enhance synergy with the State-Owned Enterprise (BUMN) ecosystem and banking sector to deliver sustainable added value for all stakeholders. “We are optimistic that Askrindo can continue to strengthen its role as a market leader as well as a driver of national financial inclusion,” Budhi concluded.