Asuransi Jasindo

Asuransi Jasindo, the marketing brand for PT Asuransi Jasa Indonesia (Persero) is the second largest general insurance company in Indonesia and is wholly owned by the Government of Republic of Indonesia, administrated under the Ministry of State-Owned Enterprises. 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. 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:
Asuransi Jasindo now employs more than 1,000 staff at more than 88 branches over the nation, including an overseas branch in Labuan, 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 insurer and regulated by Labuan Offshore Financial Statutory Authority (LOFSA) under Offshore Insurance Act 1990, with Company no. LF02494 and license no. IS200039.