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JAKARTA (August 27, 2025) — PT Tugu Reasuransi Indonesia (Tugure) has once again achieved an outstanding milestone in the national reinsurance industry. Tugure was awarded the “Indonesia Best Insurance Awards 2025 for Fostering Performance Stability and Business Sustainability through Prudent Risk Management” at the Indonesia Best Insurance Awards 2025 organized by Warta Ekonomi.
This award serves as recognition of Tugure’s consistency in maintaining performance stability amid industry challenges. The company’s disciplined implementation of risk management and sustainability-oriented business strategies were considered the key factors behind this achievement.
In terms of performance, Tugure posted positive results throughout 2024. Gross premiums grew by 12.7 percent, from IDR 2.92 trillion to IDR 3.29 trillion as of December 31, 2024. Underwriting growth surged by 227 percent year-on-year, accompanied by a 6 percent increase in investment returns, reaching IDR 135 billion. These achievements reflect the company’s increasingly solid financial foundation, despite the reinsurance industry facing market pressures.
Tugure’s Director of Operations, Erwin Basri, emphasized that the company’s commitment to disciplined risk management is the cornerstone of sustaining business continuity.
“Our commitment to prudent risk management is the foundation of maintaining performance stability and business sustainability. With such consistency, Tugure remains optimistic in navigating market dynamics and delivering added value to all stakeholders,” he stated.
Beyond financial performance, Tugure is also preparing for the full implementation of the International Financial Reporting Standard (IFRS) 17. This step reflects compliance with regulations while enhancing transparency, accountability, and alignment with global practices. Preparations include strengthening recording systems, aligning actuarial processes, and enhancing human resource capacity to ensure optimal implementation that supports sound corporate governance.
Tugure’s strong performance has also earned recognition from international institutions. Fitch Ratings affirmed that the company’s capital position remains adequate, with a stable financial outlook, underscoring Tugure’s resilience amid the potential consolidation of the national reinsurance industry.
With this achievement, Tugure not only reaffirms its position as Indonesia’s leading reinsurer but also demonstrates its ability to balance business growth, regulatory compliance, and long-term sustainability.
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