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PT ASURANSI JASA INDONESIA (PERSERO)

PT ASURANSI JASA INDONESIA (Persero) PT ASURANSI JASA INDONESIA (Persero)

General Insurance 100% Share owned by the government of Indonesia

87 Branches & Sales Offices 1 Overseas branch

History Highlights 1845 – 1945

Assurantie Maatschappij de Nederlander and Bloom Vander

1945 – 1973

PT Asuransi Bendasraya PT Umum Internasional Underwriters

1973 - present

PT Asuransi Jasa Indonesia (Persero)

The only state owned General Insurance Company 3

BOARD OF COMMISIONER & DIRECTOR

President Commisioner

: Dr. Ir. Irnanda Laksanawan, MSc. Eng.

Commisioner

: Abdul Wahid, SH, MH

Commisioner

: Drs. Mudjo Suwarno, MA

Commisioner

: Teuku Syarul Ansari, SH, MH

Commisioner

: Zuryati Simbolon, SE, MM

President Director

: Drs. Budi Tjahjono, MM

Finance & Investment Director

: Dra. Solihah, AK, MM, AAAI-K, CMA

Tehnical & Foreign Affair Director

: Syarifudin, S.Sos, M.Si, AAI-K

Corporate Marketing Director

: Untung Hadi Santosa SE, MM, AAAI-K

Ritel Operation Director

: Drs. Sahata L. Tobing, MM, AAAI-K

FINANCIAL HIGHLIGHTS (IN MILLION RUPIAHS)

(Dalam Jutaan Rupiah)

Information

2008

2009

2010

2011

2012

2013

2.597.531

2.814.727

2.860.463

3.346.255

3.839.827

4.002.383

189.864

257.285

272.963

362.698

376.564

347.413

94.279

137.716

125.180

128.657

145.856

260.736

Earn before tax (EBT)

160.539

194.967

226.564

318.976

322.739

396.651

Earn after tax (EAT)

117.225

166.331

194.251

253.312

261.473

303.381

1.141.365

1.232.621

1.157.561

1.456.640 3.405.127 *) 1.518.216

744.155

904.293

1.082.069

1.303.966

Gross Premium Underwriting Result Investment Result

Gross Claim Equities

*) Telkom T3 Sattelite Claim = 1.776.291

1.459.171

1.674.147

REINSURANCE BACK-UP

o o o o o o

Swiss Reinsurance Co. Partner Reinsurance Co. Hannover Reinsurance Co. Everest Re Ace Tempest Re Lloyd’s Syndicate

o PT Reasuransi Int’l Indonesia o PT Tugu Reasuransi Indonesia o PT Reasuransi Nasional Indonesia o PT Maskapai Reasuransi Indonesia

INSURANCE PERFORMANCE SECURITY - Reinsurance Back-up KMK.017/97 (BBB) - RBC, Financial Report, Experts, Experience etc.

PRICE Adequate premium according to the risks will be managed by the insurance company

GENERAL INSURANCE

PRODUCTS • • • • • • • • • • •

Marine Insurance Oil & Gas Insurance Fire Insurance Aviation & Spaceship Insurance Cargo Insurance Motor Vehicle Insurance Financial Insurance Money Insurance Engineering Insurance Personal Accident Insurance Health Insurance

AGRICULTURE

 Provides foods, resource for industries, energy & environmental processing.  Provides work fields for 44% of citizens, contributes 17% of GNP  Important for society as well as economic development  Exposed to risks of fails in production due to whether anomaly such as flood, drought & organism/insects/pests or disease  Needs management and control of financial risks in a form of risks transfer (by way of insurance)

AGRICULTURE

PROBLEMS IN AGRICULTURE Harvest Failure Planting Area : 12.883.576 Ha Average harvest failure 2006 – 2010 Main pests or diseases : 4.098 Ha Flood : 98.953 Ha Drought : 55.068 Ha Total : 158.119 Ha; Ratio 1,23% Harvest failure 2011 Main pests or diseases : 40.310 Ha Flood : 27.704 Ha Drought : 53.119 Ha Total : 121.133 Ha; Ratio 0,94%

AGRICULTURE

SOLUTIONS FOR HARVEST FAILURE  Flood, drought, attack of pests & diseases  Disaster are inevitable but the damage can be substituted  Insurer take over the risk of plants damage in return of payment  Insurance carry over risk assessment prior to insurance put in place and risk management afterwards  Insurer indemnifies according to term & conditions of the policy  Insurer reduce the risks through reinsurance

AGRICULTURE INSURANCE

PURPOSE OF INSURANCE  Provides certainty for production cost needed in the next planting season  Makes the farmers aware how to react and to cope up with the risk of plant damage and harvest failure  Reduce dependency to other expensive way of financing  Builds ability to control the risk of harvest failure and knowledge of risk transfer through insurance  Supports the success of farming in order to increase farmers' income and welfare

GENERAL INSURANCE

SUPPLY SIDE  State owned institution specialised in crop insurance  Support from the government by way of regulation, subsidies in premium, administration cost, research & development  Provide adequate financing, anticipation for first bad years & high administration cost  Cooperation with global partners

AGRICULTURE INSURANCE

RELUCTANCY FROM PRIVATE SECTORS  Very special characteristic of risks  High initial operational cost  High distribution & administration cost  Difficulty to find reinsurance support  Premium tend to be expensive above farmers affordability  Differences in the goals and purposes (government & insurance)

AGRICULTURE INSURANCE

PILOT PROJECT AUTP #1  42 AUTP Policies for 623,12 Ha (Distribute for 3 district in 2 Provinces - Gresik, Tuban & East OKU)  Period Nov 2012 – March 2013  Total Premium Rp.112.161.600, Difficulty to find reinsurance support  Premium sharing; 20% farmer : 80% Government State Owned Fertilizer Company  Total Claim Rp.962.055.000 (27 files ; due to of flood, rats & blast)

AGRICULTURE INSURANCE

PILOT PROJECT AUTP #2  289 AUTP Policies for 2.202,87 Ha (Distribute for 3 district in 2 Provinces - Gresik, Tuban & East OKU)  Period Nov 2013 – March 2014  Total Premium Rp.396.516.206, Difficulty to find reinsurance support  Premium sharing; 20% farmer : 80% Government State Owned Fertilizer Company & JICA  Total Claim Rp.312.522.000 (19 files ; due to of rats & flood)

AGRICULTURE INSURANCE

PILOT PROJECT AUTP #3  246 AUTP Policies for 895,61 Ha (Distribute for 3 district in 2 Provinces - Jombang, Nganjuk & Cirebon)  Period April 2014 – September 2014  Total Premium Rp.161.210.442, Difficulty to find reinsurance support  Premium sharing :  Premium sharing; 20% farmer : 80% Government State Owned Fertilizer Company & JICA (East Java)  20% farmer : 80% Government State Owned Fertilizer Company (West Java)

AGRICULTURE INSURANCE

PILOT PROJECT AUTP #3 (continued)  Settled Claim Rp.31.116.000 (7 files ; due to of rats & blast; East Java)  Estimate Claim Rp.180.000.000 due to of blast (30 Ha – Cirebon; West Java),

AGRICULTURE INSURANCE

UNDERWRITING CONDITION  Anti selection (compulsory) to get “ the law of the large number “  Criteria & definition of “the list of potential recipients and potential location” clearly  Adequate Rate : fairness to the risk with review & evaluation  Claim Assessment : minimize loss & minimize fraud

NEW CHALLENGING BUSINESS POTENSIAL

Island BALI & SOUTH EAST NUSA

Rice Field 489.897

Potential Area : Replanting Period I 2013/2014*) Paddy Corn Soy Total 453.945 3.016 456.961

JAVA

3.305.034

3.300.378

2.161

KALIMANTAN MALUKU PAPUA SULAWESI

1.201.109 26.258 39.781 957.096

1.026.942 19.426 39.656 921.669

SUMATERA

2.224.154

INDONESIA

8.243.329

*) Source www.katam.info

602

3.303.141

147.120 25 6.168

-

1.174.062 19.451 39.656 927.837

1.953.866

86.700

-

2.040.566

7.715.882

245.190

602

7.961.674

NEW CHALLENGING BUSINESS POTENSIAL

Island BALI & SOUTH EAST NUSA

Rice Field 489.897

Potential Area : Replanting Period 2014/2015*) Paddy Corn Soy Total 579.216 162.925 742.141

JAVA

3.305.034

5.016.496

KALIMANTAN MALUKU PAPUA SULAWESI

1.201.109 26.258 39.781 957.096

1.391.875 19.926 18.941 1.081.142

492.296 6.332 182.402

-

1.884.171 26.258 18.941 1.263.544

SUMATERA

2.224.152

3.656.810

317.603

-

3.974.413

INDONESIA

8.243.329

11.764.406

2.003.679

-

13.768.085

*) Source www.katam.info

839.731

-

5.856.227

NEW CHALLENGING BUSINESS POTENSIAL

Opportunity & Technology supply  Crop Insurance has good potential to be developed  Linked with regulation & financial/banking institution scheme  Considered to replace indemnity basis with index basis : yield or weather index basis  Remote Sensing (RS) Technology could be considered as alternative to determine crop damage caused by flood and drought  Crop Damage caused by pest & disease still need the best solution

Thank you for your attention PT. ASURANSI JASA INDONESIA (PERSERO) Jl. Letjen. MT Haryono Kav. 61 PO. Box 4127 Kby - Jakarta Pusat 12041 Telp. (021) 7994508, 7987908 Fax. (021) 799564, 7971015 Homepage : http://www.jasindo.co.id E-mail : [email protected]