BRI Insurance has reaffirmed its stature as Indonesia’s premier general insurance company, securing top honors at the esteemed Insurance Asia Awards 2024. The company clinched multiple accolades, notably earning the prestigious title of Best General Insurance Company in Indonesia, leading the Elite Class for its outstanding performance in 2023.
Under the stewardship of R. Budi Legowo as President Director, BRI Insurance achieved a Gross Written Premium of IDR 3.30 trillion, marking a robust growth of 26.6% compared to the previous year, surpassing industry averages. The company also reported a Profit After Tax of IDR 483 billion, a commendable 29.2% increase from the previous year, while maintaining a disciplined Claim Ratio of 14.16%. These achievements underscore BRI Insurance’s commitment to secure and sustainable growth, guided by strategic corporate initiatives and a customer-centric approach.
Central to its strategy is a focus on micro and retail business segments, leveraging emerging technologies, and enhancing organizational capabilities through talent development. BRI Insurance’s success is further bolstered by its comprehensive business pillars — Micro, Retail, Wholesale, and Sharia — which drive product diversification and expand distribution channels, embracing both traditional and digital platforms.
Looking ahead, BRI Insurance remains steadfast in its dedication to excellence, supported by ongoing innovations tailored to sustainably serve Micro, Small, and Medium Enterprises (MSMEs). Notably, the company’s pioneering efforts in Micro Insurance and Ultra Micro Insurance, including products such as Asuransi Mikro Rumahku and Asuransi Ultra Mikro Tempat Usaha, exemplify its pivotal role in bolstering Indonesia’s economic landscape.
The recognition received at the Insurance Asia Awards 2024, including the Domestic General Insurer of the Year – Indonesia and MSME Insurance Initiative of the Year – Indonesia awards, underscores BRI Insurance’s transformative impact on the industry. These accolades celebrate the company’s innovative spirit and commitment to enhancing customer experiences, setting new benchmarks in the insurance sector.
In conclusion, BRI Insurance continues to uphold its legacy of excellence, poised to build upon its stellar performance and further empower Indonesia’s economic growth through steadfast innovation and unwavering customer trust.
