Cahyo Adi, Director of Compliance, HR & GA at PT Asuransi Tokio Marine Indonesia, emphasized that establishing the Balikpapan Branch Office is a crucial component of TMI's business expansion plan into the Kalimantan region. "As we all know, Balikpapan is the central hub for business and industry, boasting the largest economy in Kalimantan. Therefore, for Asuransi Tokio Marine Indonesia, Balikpapan serves as the gateway to Kalimantan and will subsequently become a focal point for business development in other Kalimantan cities," stated Cahyo Adi during the inauguration event at Ruko Balikpapan Permai Complex, Block H1 No.28, Jl. Jenderal Sudirman, Damai, Balikpapan City, East Kalimantan, today, Thursday, December 21, 2023.

Meanwhile, Ferdi Ahmadi, Balikpapan Branch Head at PT Asuransi Tokio Marine Indonesia, explained that TMI's presence in Balikpapan began in November 2019 as a Representative Office. However, intending to enhance service quality to consumers and tap into the growing business potential aligned with the economic growth and the development of the National Capital in East Kalimantan, TMI has officially upgraded its status from a Representative Office to the Balikpapan Branch. "The stable business growth trend over the last three years served as the foundation for this decision. Despite the challenges posed by the pandemic, the Compound Annual Growth Rate (CAGR) for the period 2020-2022 for Asuransi Tokio Marine Indonesia in Balikpapan exceeded 10%, indicating significant potential," expressed Ferdi.

Muhammad Ali, Head of Agency, Motor & Branch Division at PT Asuransi Tokio Marine Indonesia, emphasized that the opening of the Balikpapan Branch Office underscores the company's commitment to drive local business development and contribute more extensively to the Balikpapan and Kalimantan communities, both at the individual and business community levels. "Kalimantan is one of the areas we anticipate becoming a future growth driver for the company," stated Ali.

Ali further elaborated that the company aims to realize this plan by leveraging its existing flagship products in Balikpapan, such as Motor Vehicle Insurance, Transportation Insurance, Property Insurance, and Engineering Insurance, while also promoting the growth of other innovative products such as Director & Officer Insurance (D&O) and Trade Credit Insurance for corporate clients, as well as Tokio Marine Travel Partner (TMTP) and Tyre Insurance for retail customers. "Tokio Marine Indonesia is also open to developing other insurance products based on the future needs of the Balikpapan community," clarified Ali.

Cahyo Adi added that the inauguration of the Balikpapan Branch Office reaffirms the company's commitment to sustainable growth. He disclosed that TMI's business achievements remain in line with the set targets, stating, "Even in 2024, we remain confident in achieving double-digit business growth, supported by product innovation and digital transformation, catering to both individual and corporate customers."

In conclusion, Cahyo invited the entire Balikpapan community and, more broadly, the Kalimantan region to celebrate this historic milestone together and expressed hopes for a successful future. The inauguration event was enriched with a Traditional Dayak Dance and marked by the official ribbon-cutting ceremony, followed by an office tour to showcase the various amenities that will enhance the experience for Asuransi Tokio Marine Indonesia customers in Balikpapan.