Tugure Promotes Collaboration to Tackle Disaster Risks through Sharing Session in Japan

Tokyo, July 25th 2025 – PT Tugu Reasuransi Indonesia (Tugure) reinforced its commitment to strengthening the resilience and sustainability of the national insurance industry through a Sharing Session with business partners. The event was held in Tokyo, Japan, on July 25, 2025, as part of the Tugure Academy initiative to enhance literacy among insurance industry players.

The event was attended by 22 cedant partner companies, with the keynote speaker being Andriansyah, Tugure’s Technical Analytic and Development Group Head. In a session titled “Implications of Megathrust Earthquake for Insurance and Reinsurance Strategy”, Andriansyah emphasized the importance of well-measured disaster risk mitigation strategies, particularly in facing the threat of megathrust earthquakes.

“However, disaster threats are not limited to megathrust earthquakes. Indonesia has many active faults that could cause significant losses,” Andriansyah added during the discussion.

Natural disasters account for 30% of bankruptcy cases in the global insurance industry. In Indonesia, geological risks such as earthquakes pose a serious threat, especially since 70% of the national GDP comes from service sectors such as banking, insurance, and technology, which are highly vulnerable to disaster impacts.

Tugure drew lessons from Japan’s experience, including the Kobe Earthquake (1995), the Tohoku Earthquake (2011), and preparedness for a potential Nankai Trough Earthquake. Japan has implemented strict regulations, such as solvency calculations based on worst-case disaster scenarios—a practice also adopted by Canada, the United States, and Chile. In contrast, Indonesia still needs to strengthen its regulations, particularly by integrating seismic data and solvency stress tests, which are currently limited to tariff zoning.

Tugure is pushing for cross-sector collaboration by leveraging technology and global data to reinforce insurance strategies against disasters. This initiative aims to minimize economic impacts and safeguard the stability of the national financial sector.

Through this event, Tugure reaffirmed its active role in preparing Indonesia’s insurance industry to face disaster risks. With strong financial resilience and extensive experience in reinsurance, Tugure stands ready to be a key pillar in supporting the national insurance industry in confronting disaster challenges, while also strengthening global partnerships for sustainable resilience.