Company Profile
The Group Companies
PT Asuransi Tokio Marine Indonesia
PT Asuransi Tokio Marine Indonesia is a global insurance company which commits to provide their customers with products and services of the highest quality, and spreads safety and security to all around them.
Supported by experienced and skilled employees, we have strong position as one of the largest general insurance companies in Indonesia.
PT Asuransi Tokio Marine Indonesia has an extensive general insurance experience in Fire, Engineering, Automobile, Marine Cargo, Personal Accident, and others.
We are a joint venture between Tokio Marine Asia Pte Ltd and PT Asuransi Jasa Indonesia, which has been operating since 1975 We currently have 7 branches and 3 representative offices with a total staff of 337 people.
Tokio Marine Asia Pte Ltd
Tokio Marine Asia Pte Ltd (called "Tokio Marine Asia" - formerly Millea Asia Pte.), Which is owned by Tokio Marine Holdings, was established on December 1, 2002, Tokio Marine Asia serves to develop and expand its insurance business in Asia.
Tokio Marine Asia also acts as the Asian regional head office to provide its group companies which are located in Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, India, Taiwan and Hong Kong with management and technical support.
Tokio Marine Asia is a sister company of Tokio Marine & Nichido Fire Insurance Co. Ltd. Japan (called "TMNF"). TMNF, established in 1879, is the oldest and largest general insurance company in Japan and have more than 15,000 employees worldwide.
Tokio Marine Holdings is listed on the Tokyo Stock Exchange and the Osaka Securities Exchange, and is now the largest general insurance group in Japan, as well as one of the largest in the world.
PT Asuransi Jasa Indonesia
PT Asuransi Jasa Indonesia (referred as "Asuransi Jasindo") is the biggest state-owned (BUMN) general insurance company. Asuransi Jasindo was established on June 2nd, 1973 as a result of a merger between PT Asuransi Bendasraya and PT Umum International Underwriters.
The existence of Asuransi Jasindo keeps improving from year to year as it can be reflected from the Company’s performance and worldwide leading reinsurance companies’ support, thereby strengthens its position in the market as well makes it recognized internationally.
A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term issuer Credit Rating of “a-" to PT Asuransi Tokio Marine Indonesia (TMI). The credit ratings, assigned to select the company that in A.M. Best’s opinion have an excellent ability to meet ongoing insurance policy and financial obligations, TMI’s strong risk-adjusted capitalization and good underwriting performance.
In its press release, A.M. Best said PT Asuransi Tokio Marine Indonesia has produced favorable underwriting results, especially in its Japanese-related risks. Investment income, mostly from cash deposits and government bonds, also has supported the company’s results.
TMI is well-positioned at its current rating level, according to the rating agency. A.M. Best added that while Japanese companies operating in Indonesia provide TMI with a steady stream of business, the company could face challenges in expanding beyond its traditional area of operations due to its limited presence in Indonesia’s non-life market.
To read the press release, please access bit.ly/tmi_rating.
For the latest rating, please access www.ambest.com.
