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Jakarta, October 1, 2026 — PT Tugu Reasuransi Indonesia (Tugure) has once again received recognition from Indonesia’s reinsurance industry, winning the Indonesia Best Reinsurance 2026 for Strengthening Market Resilience through Strategic Pricing and Risk Management award from Warta Ekonomi.
The award was presented at the Indonesia Best Insurance Awards 2026, which carried the theme “Driving Innovation for a Resilient Insurance Industry.” The award ceremony was held on September 30, 2026, at the Mezzanine Grand Ballroom, Aryaduta Hotel Menteng, Jakarta. Warta Ekonomi recognized companies based on their ability to navigate industry dynamics, maintain strong business fundamentals, manage risks prudently, and provide relevant and reliable protection.
For Tugure, the recognition reflects the Company’s strategy to strengthen its role as a market leader in Indonesia’s reinsurance industry by expanding capacity while maintaining underwriting discipline, strategic pricing, and robust risk management.
In 2026, Tugure increased its treaty capacity by 50% to strengthen its ability to provide reinsurance support to business partners while responding to evolving protection needs.
However, the increase in capacity does not mean that Tugure has compromised its selectivity in accepting risks. The Company continues to apply prudent underwriting by considering risk profiles and exposures, data quality, and pricing that is appropriate to the level of risk assumed.
The capacity expansion is also accompanied by Tugure’s continued focus on developments in global reinsurance pricing. Amid soft market conditions characterized by intense market competition and pricing pressures, pricing discipline has become increasingly important. For reinsurers, pricing must not only remain competitive but also appropriately reflect the underlying risk profile and support the long-term sustainability of the portfolio.
Therefore, Tugure continues to promote the application of technical pricing, data quality, governance, and underwriting discipline as integral parts of its business decision-making process.
“This award is an appreciation of Tugure’s consistency in strengthening its role and contribution to the national reinsurance industry. In 2026, we increased our treaty capacity by 50% to provide more optimal support to our business partners. However, this capacity expansion continues to be carried out with the principles of prudent underwriting, strategic pricing, and disciplined risk management,” said Magda Fadly, Treaty Group Head of PT Tugu Reasuransi Indonesia.
According to Magda, increased capacity must be accompanied by the ability to properly understand and manage risks.
“For Tugure, growth is not only about how much capacity we can provide, but also about how responsibly that capacity is managed. Pricing discipline is an important part of maintaining the balance between competitiveness and sustainability,” she added.
Going forward, Tugure will continue to strengthen its underwriting capabilities, strategic pricing, data quality, portfolio management, and risk management as part of the Company’s commitment to supporting healthy and sustainable growth across Indonesia’s insurance and reinsurance industry.
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