50 Years of Tokio Marine Indonesia:
Trust, Achievement, and Commitment to Sustainable Innovation

Jakarta, May 28, 2025 — PT Asuransi Tokio Marine Indonesia (TMI) celebrates a milestone 50-year journey as a pioneer in Indonesia’s insurance industry. Since its establishment in 1975, TMI has grown into a trusted partner for both individual and corporate clients by combining global excellence with local insights to deliver innovative and relevant protection solutions. At this celebration, TMI reaffirms its commitment to the principle of "To Be a Good Company" and to sustainability, which has been the company’s core foundation over the past five decades.

In his remarks at the anniversary celebration held today (May 28) at the Fairmont Hotel Jakarta, TMI President Director Sancoyo Setiabudi expressed deep appreciation to all customers, business partners, stakeholders, and employees for their contributions that have enabled the company to reach its 50-year milestone.

“Fifty years is not merely a measure of time, but a symbol of the trust we have built together with all our stakeholders,” said Sancoyo. “We are committed to continuing to provide the best service, deliver sustainable innovation, and support Indonesia’s economic development through an approach that prioritizes sustainability in environmental, social, and good governance aspects.” This commitment aligns with Tokio Marine Group’s latest strategy, titled “Inspiring Confidence. Accelerating Progress”, which was officially launched in April 2025.

The event was attended by senior executives from Tokio Marine Group, including Masahiro Koike, Managing Executive Officer of Tokio Marine Holdings, Inc.; Masahito Hirai, CEO of Tokio Marine Asia Pte. Ltd. In addition, the Board of Directors of PT Asuransi Tokio Marine Indonesia was also present, including Sancoyo Setiabudi, Shiro Ipposhi, Shiro Kiyohara, and Cahyo Adi.

Tokio Marine Group's Leadership Transition

Tokio Marine Holdings, Inc. has announced the appointment of Masahiro Koike as its new President and CEO, effective after the general shareholders meeting in late June. This transition highlights the company’s focus on adapting to global market demands and driving continued success.

Masahiro Koike expressed his commitment to building on the foundation established by his predecessor, Satoru Komiya, and working with the team to strengthen Tokio Marine’s global leadership.  This leadership change underscores Tokio Marine’s dedication to innovation, growth, and maintaining its position as a leading global insurance provider.

Indonesia’s Strategic Role in the Tokio Marine Group

As part of the Tokio Marine Group—one of the world’s leading insurance companies with a network spanning over 44 countries—PT Asura

nsi Tokio Marine Indonesia (TMI) holds a strategic role in the Group’s regional development. Attending the event, Masahiro Koike, Managing Executive Officer of Tokio Marine Holdings, Inc., shared deep reflections on the Group’s journey as a global leader in the insurance industry. He also highlighted the Group’s long-term commitment to Indonesia and its strategic vision for the future.

Founded in 1879, Tokio Marine Group has grown into a global insurance leader with over 51,000 employees operating in 44 countries and a net income of approximately USD 8.1 billion. In Indonesia, our journey began in 1975 with the establishment of Asuransi Jayasraya, now Asuransi Tokio Marine Indonesia (TMI), which today has 430 dedicated members.

Initially serving Japanese companies, we have since expanded our local portfolio—particularly in auto insurance—achieving significant premium growth. Our commitment to innovation and social responsibility stems from our core purpose: “To protect our customers and society in times of need.”, said Masahiro Koike, Managing Executive Officer Tokio Marine Holdings, Inc.

Masahiro Koike further stated, “Globally, we have grown rapidly since 2007 through strategic acquisitions, with 70% of our profits now coming from outside Japan. As of April 30, 2025, Tokio Marine Group ranks 8th globally in market capitalization among insurance companies. Indonesia remains a key focus market with significant growth potential, and we are committed to continuously supporting our customers, partners, and the country’s economic development in the years to come.”

Financial Achievements and Digital Transformation

In 2024, PT Asuransi Tokio Marine Indonesia (TMI) recorded written premiums of IDR 2.3 trillion, reflecting a 3.1% increase compared to the previous year. Net profit after tax reached IDR 297 billion, marking a significant annual growth of 22.2%. This profit growth was driven by robust underwriting results of IDR 629 billion, an increase of 14.6% from the previous year. The company also demonstrated strong financial health with a Risk-Based Capital (RBC) ratio of 363,0%, well above the minimum threshold of 120% set by the Financial Services Authority (OJK).

In line with the digital era’s development, TMI launched various technology initiatives, including the Digital Online Claims application named Tokio Clicks and the TAPPS agent platform. These solutions are designed to accelerate the claims process and enhance product marketing efficiency. Thanks to these innovations, TMI received prestigious awards, including "Best General Insurance 2024" and "Indonesia Best General Insurance 2024 for Digital Innovation."

Commitment to Sustainability and Inclusion

As part of its corporate social responsibility, PT Asuransi Tokio Marine Indonesia (TMI) is committed to making a positive impact on society through various sustainability programs. Initiatives such as mangrove planting, financial literacy for SMEs, and disaster preparedness are tangible expressions of this commitment.

Masahito Hirai, CEO of Tokio Marine Asia Pte. Ltd., stated, “Tokio Marine Indonesia (TMI) has further strengthened its position as a strategic player within the Tokio Marine Group in Asia. In November 2022, Tokio Marine Asia Pte. Ltd. increased its ownership in TMI from 60% to 80%, reflecting our confidence in Indonesia’s continuously growing insurance market. This investment supports TMI’s growth by leveraging its extensive local expertise and branch network, while aligning with Tokio Marine Group’s strategy to expand in emerging markets and strengthen its global portfolio.”

Building the Future Together

As it enters a new decade, TMI is committed to continuing its leadership through product innovation, including SME Partner insurance, digital protection, and solutions specifically designed for the corporate sector. With a strong foundation of trust, TMI is optimistic about continuing its growth and providing added value to the Indonesian community.

"Through product innovation and strategic partnerships, TMI plays a crucial role in shaping a more inclusive and sustainable future," concluded Hirai.