- Home
- News & Media
- Detail
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) remains optimistic in facing the insurance and reinsurance market in 2022 despite the lingering uncertainties caused by the ongoing impact of the Covid-19 pandemic. Tugure's President Director, Adi Pramana, predicts that the insurance and reinsurance market in 2022 will still face uncertainties, similar to this year. However, he stated that the company remains optimistic and has implemented various policy variations to tackle these challenges.
"But this year, when business is slow, still sluggish, the curve is flat. If this year reached the bottom of the curve, next year will be fantastic because the growth will be much stronger," explained Adi in an interview with Asia Insurance Review for the October 2021 edition. Adi mentioned that Tugure will also remain cautious in facing potential risks, similar to the previous year.
"Last year, we experienced the pandemic, and our business slowed down with slightly reduced revenue," he clarified. In 2020, Tugure also faced significant claims from the Jakarta floods in January and February. Additionally, the company had several serious health insurance claims, particularly related to Covid-19. Despite these circumstances, Adi stated that Tugure tends to reflect on its portfolio management and underwriting policies. This step, he explained, is taken to facilitate the company in managing the occurring risks.
"We have reviewed our underwriting policies in 2019, so this is the second time we have done it, and we took the opportunity to rebalance our portfolio." "We have also become more mature in facing the risks this year," added Adi. The Strength of Local Reinsurance The implementation of economic integration policies within the framework of the ASEAN Economic Community opens opportunities and increases competition among local reinsurers.
"In the ASEAN free trade area, we will be more open to our neighbors," said Adi. However, Adi reminded that the current account deficit should also be a concern, especially amidst the pandemic. Therefore, optimizing the domestic market should be a choice. "Each country needs to leverage what they have first and then engage with other countries.
Finding the perfect balance is quite difficult, and that is what the government is trying to do." In the long run, Adi is confident that there will be significant changes in the dynamics between domestic and foreign reinsurers. "But in the short term, I do not expect any significant changes," he said.
Link > Antara News
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) has been honored with the Best Reinsurance Award at the Insurance Awa... Read More
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) is proud to announce that its CEO has been awarded the Best CEO 2020 ... Read More
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) has successfully maintained its IFS rating of A+(idn) with a Stable O... Read More
To our esteemed Tugure Business Partners,
In commemorating the 34th Anniversary of PT Tugu... Read More
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) is delighted to announce that it has received an award in the Indones... Read More
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) remains optimistic in facing the insurance and reinsurance market in ... Read More
Link Berita > Read More
Tugure meraih penghargaan Gold Award (excellent) pada “Indonesia Finance Award-IV-2021 (IFA-IV-2021), category ... Read More
Jakarta (ANTARA) – PT Tugu Reasuransi Indonesia (TuguRe) menjalankan sejumlah strategi jitu sehingga mampu memp... Read More
Gelar Kelas Diskusi, Tugure Bahas statistik poperty dan engineering
Read More
Jakarta (ANTARA) – PT Tugu Reasuransi Indonesia (Tugure) menyelenggarakan webinar ... Read More
Dear Business Partner,
In connection with Eid al-Fitr 1 Syawal 1443 H, we hereby notify th... Read More
Fitch Ratings - Jakarta - 30 Nov 2022: Fitch Ratings Indonesia has affirmed PT Tugu Reasuransi Indonesia's (Tugur... Read More
Jakarta – PT Tugu Reasuransi Indonesia (Tugure) posted positive performance throughout 2022 with growing premiu... Read More
Jakarta — Closing 2022, Tugure managed to record positive performance by maintaining Tugure's National Insu... Read More
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) scored a brilliant performance throughout 2022 with a significant inc... Read More
The 2018 Insurance Award, which took place at the Le Meridien Hotel, is a prestigious event in the insurance world or... Read More
Jakarta - The national insurance industry is believed to still have the potential to grow supported by capital c... Read More
PT Tugu Reasuransi Indonesia (Tugure) held a Sharing Session event specifically discussing data center security amid ... Read More
Tangerang — PT Tugu Reasuransi Indonesia (Tugure) distributed Corporate Social Responsibility (CSR) assistance ... Read More
PT Tugu Reasuransi Indonesia (TuguRe) has commenced the transition to implement new reporting standards, namely Inter... Read More
Bali, October 17, 2019 – Tugure took the golden opportunity at the 25th Indonesia Rendezvous event, not only as... Read More
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) achieved impressive performance throughout 2022 with a significantly ... Read More
Jakarta (Men's Obsession) - When Erwin Basri was appointed as the Director of Operations, he immediately faced a ... Read More
Jakarta (Obsession News) - Erwin Basri's name is well-known in the insurance business world. His career journey i... Read More
BANYUWANGI - Several business classes of liability insurance are predicted to still have potential growth in 2023. Th... Read More
JAKARTA - The reinsurance industry, both globally and nationally, is expected to remain quite challenging in 2024. Read More
JAKARTA - The global and national reinsurance industry is expected to continue facing challenges in the form of a har... Read More
Bali – PT Tugu Reasuransi Indonesia (Tugure) has reaffirmed its support for the 27th Indonesia Rendezvous ... Read More
Bali - PT Tugu Reasuransi Indonesia (Tugure) is committed to integrating sustainable practices into all of its operat... Read More
JAKARTA – PT Tugu Reasuransi Indonesia (Tugure) has achieved impressive performance throughout 2023. These posi... Read More
Jakarta - PT Tugu Reasuransi Indonesia (Tugure) has been awarded The Best Performing Reinsurance 2023 Based on Financ... Read More
Jakarta - Reinsurance company PT Tugu Reasuransi Indonesia (Tugure) has successfully maintained its national rating o... Read More
Hong Kong – In an effort to improve employee competencies in both soft and hard skills, PT Tugu Reasuransi Indo... Read More
Jakarta — The insurance business lines, both in energy and casualty globally, are still facing the trend o... Read More
Jakarta — The increase or inflation of medical costs in Indonesia is considered a challenge for health insuranc... Read More
Dear Business Partners,
In connection with the Eid al-Fitr 1 Shawwal 1445 H, we hereby inform you that our ... Read More
Jakarta – As part of PT Tugu Reasuransi Indonesia’s (Tugure) commitment to continuously transfer knowledg... Read More
Jakarta – PT Tugu Reasuransi Indonesia (Tugure) has achieved impressive performance throughout the first half o... Read More
JAKARTA – PT Tugu Reasuransi Indonesia (Tugure) actively participated in the 2024 Indonesia Underwriting Summit... Read More
BALI – The 28th edition of Indonesia Rendezvous, initiated by the Indonesian General Insurance Association (AAU... Read More
JAKARTA – PT Tugu Reasuransi Indonesia (Tugure) has once again demonstrated its remarkable achievements by rece... Read More
JAKARTA &n... Read More
