Indonesia Re

What Indonesia Re does

Indonesia Re (legally PT Reasuransi Indonesia Utama (Persero)) is the designated National Reinsurance Company (Perusahaan Reasuransi Nasional/PRN) of Indonesia, established in 1985 and headquartered in Jakarta Pusat. The company is a state-owned enterprise (BUMN) wholly owned by the Government of Indonesia through BP BUMN (1% Series A shares) and PT Danantara Asset Management (99% Series B shares), following a 2025-2026 ownership restructuring. Indonesia Re provides both proportional and non-proportional reinsurance coverage across eight general insurance lines (property, engineering, marine cargo, marine hull, aviation, motor, miscellaneous, financial lines) and nine life insurance lines (life, personal accident, critical illness, hospital cash, hospitalization, credit life, savings life, total permanent disability, waiver of premium), serving as the primary domestic reinsurance capacity provider for Indonesian insurance companies.

Indonesia Re distributes its reinsurance services exclusively through direct B2B relationships with ceding insurance companies, managed through specialized divisions: the Client Market & Treaty P&C Division for general reinsurance and the Client Market & Pricing Actuary L&H Division for life and health reinsurance. The company operates a proprietary digital platform called RIU Connect for transaction processing and data exchange with partner insurers. Its core technology capabilities reside in underwriting expertise, actuarial analysis, and risk assessment rather than a disclosed software technology stack. The company also operates the Indonesia Re Institute for industry education and manages the KSAKI export facilitation program supporting non-oil and gas exporters.

Indonesia Re generates revenue primarily through reinsurance premium income from ceding insurance companies across both general and life insurance segments, with pricing negotiated on a case-by-case basis rather than through standardized public tiers. The company maintains two wholly-owned subsidiaries: PT Reasuransi Syariah Indonesia (ReINDO Syariah), Indonesia's first Full Fledge Retakaful company, and PT Asuransi Asei Indonesia, a comprehensive insurance company covering trade, credit, general, and sharia insurance. The company holds multiple international certifications including ISO 20000-1:2018, ISO/IEC 27001:2022, and ISO 37001:2016, and serves as the Indonesian government's primary instrument for reducing reliance on foreign reinsurance imports and strengthening domestic reinsurance capacity.

Name

Indonesia Re

Legal name

PT Reasuransi Indonesia Utama (Persero)

Website

https://indonesiare.co.id

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Indonesia Re (PT Reasuransi Indonesia Utama (Persero)) is Indonesia's state-owned National Reinsurance Company (PRN), providing proportional and non-proportional reinsurance across general and life insurance lines to Indonesian insurance companies. It operates as a B2B reinsurer through direct treaty relationships with ceding insurers, supported by its RIU Connect digital platform and two wholly-owned subsidiaries.

Ownership category

akta.pro rank

Product category

Reinsurance

NAICS

Reinsurance Carriers (524130)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Property Treaty Reinsurance (FSAOAEAC)

akta.pro secondary industries

Life Treaty Reinsurance (FSAOAEAA), Health & Accident Treaty Reinsurance (FSAOAEAB), Motor Treaty Reinsurance (FSAOAEAK), Financial Lines Treaty Reinsurance (e.g., D&O, E&O, professional liability) (FSAOAEAG), Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD)

Keywords

• Reinsurance services
• General reinsurance
• Life reinsurance
• Treaty reinsurance
• Sharia reinsurance

Headquarters

HQ city

Jakarta Pusat

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Reinsurance Premium Income - General: Indonesia Re earns reinsurance premiums from ceding insurance companies for proportional and non-proportional coverage across general insurance lines including property, engineering, marine cargo, hull, aviation, motor, miscellaneous (personal accident, theft, liability, billboard, hole-in-one), and financial lines (credit insurance, bank guarantee counter, surety bond).
2. Reinsurance Premium Income - Life: Indonesia Re earns reinsurance premiums from life insurance companies for coverage across life insurance, personal accident, critical illness, hospital cash plan, hospitalization, credit life, savings life, total permanent disability, and waiver of premium products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Indonesia Re provides proportional and non-proportional reinsurance coverage to Indonesian insurance companies across general insurance lines (property, engineering, marine cargo, marine hull, aviation, motor, miscellaneous, and financial lines) and life and health insurance lines (life, personal accident, critical illness, hospitalization, credit life, savings, total permanent disability, and waiver of premium). As the designated National Reinsurance Company, it supplies domestic reinsurance capacity to ceding insurers via treaty and facultative arrangements, supported by the proprietary RIU Connect digital platform.

Product overview

Indonesia Re operates as a reinsurance company offering a comprehensive portfolio of reinsurance products for both general and life insurance segments. The general reinsurance portfolio includes Property Insurance, Engineering Insurance, Marine Cargo Insurance, Marine Hull Insurance, Aviation Insurance, Motor Insurance, Miscellaneous Insurance (Personal Accident, Liability, Burglary), and Financial Lines (Credit Insurance, Surety Bonds). The life reinsurance portfolio covers Life Insurance, Personal Accident, Critical Illness, Hospital Cash Plan, Hospitalization, Credit Life Insurance, Savings Life Insurance, Total Permanent Disability, and Waiver of Premium products. The company also operates RIU Connect, a proprietary digital platform for reinsurance transactions, and manages KSAKI export insurance program. Reinsurance is provided both on proportional and non-proportional bases. Indonesia Re serves as the National Reinsurance Company (Perusahaan Reasuransi Nasional) of Indonesia, supporting the growth of the insurance and reinsurance industry.

Differentiator

Problem solved

Functional benefit

Brands

• ReINDO Syariah: Sharia reinsurance subsidiary operating under the brand PT Reasuransi Syariah Indonesia, established as Indonesia's pioneer Full Fledge Retakaful company.

Products and services

• Property Insurance Reinsurance (Asuransi Harta Benda) Reinsurance coverage for property damage or loss including buildings, machinery, inventory, and contents caused by fire, lightning, explosion, aircraft impact, and smoke (FLEXAS), with extensions covering riots, floods, earthquakes, and business interruption. Designed for ceding general insurance companies in Indonesia.
• Engineering Insurance Reinsurance (Asuransi Rekayasa) Reinsurance for construction projects, machinery installation, electronic equipment, and civil engineering covering Contractor All Risk (CAR), Erection All Risk (EAR), Machinery Breakdown (MB), Electronic Equipment Insurance (EEI), Civil Engineering Completed Risk (CECR), and Comprehensive Machinery Insurance (CMI). For ceding insurance companies in Indonesia.
• Marine Cargo Insurance Reinsurance (Asuransi Pengangkutan) Reinsurance coverage for goods transported via land (truck/container), sea (vessel), or air (aircraft), covering perils of nature, perils on the way, and extraneous risks including theft and transshipment. For ceding insurance companies in Indonesia.
• Marine Hull Insurance Reinsurance (Asuransi Rangka Kapal) Reinsurance protection for hull damage or loss including engines, using ITC Cl. 280, 284, and 289 covers, with capacity for both partial and total loss scenarios. For ceding insurance companies in Indonesia.
• Aviation Insurance Reinsurance (Asuransi Pesawat Udara) Reinsurance for aircraft, engines, equipment, and third-party liability including Hull, Spares, Equipment & Liability Insurance, Deductible Insurance, Hull War and Allied Perils Insurance, and Aviation War, Hijacking and Others Perils Excess of Liability Insurance. For ceding insurance companies in Indonesia.
• Motor Insurance Reinsurance (Asuransi Motor) Reinsurance for motor vehicles covering collision, single-party accidents, fire, and theft, with extensions for third-party liability, personal accident, riots, terrorism, sabotage, flood, and earthquake. For ceding insurance companies in Indonesia.
• Miscellaneous Insurance Reinsurance (Asuransi Aneka) Miscellaneous reinsurance covering Personal Accident, Burglary, Liability (CGL, Automobile Liability, Employers Liability, Public Liability, Stevedore Liability, Workmen's Compensation, Professional Indemnity, Freight Forwarder Liability, Bailee & Warehousemen Liability, Directors & Officers Liability), Billboard Insurance, and Hole In One (HIO) Insurance. For ceding insurance companies in Indonesia.
• Financial Lines Reinsurance Reinsurance for Credit Insurance, Contra Bank Guarantees, and Surety Bonds covering bid bonds, performance bonds, advance payment bonds, maintenance bonds, payment bonds, and procurement bonds. For ceding insurance companies in Indonesia.
• Life Insurance Reinsurance (Asuransi Jiwa) Life reinsurance covering death benefits including Term Life, Whole Life, Unit Link, Universal Life, Endowment, and Natural Death products. For ceding life insurance companies in Indonesia.
• Personal Accident Reinsurance Accident reinsurance covering death, total/permanent disability, and medical expense reimbursement with Risk A (death), Risk B (permanent disability), Risk C (temporary disability), and Risk D (medical expenses) classifications. For ceding life insurance companies in Indonesia.
• Critical Illness Reinsurance (Penyakit Kritis) Critical illness reinsurance covering early stage, intermediate stage, late stage, and catastrophic critical illness with Additional Benefit and Accelerated Benefit options. For ceding life insurance companies in Indonesia.
• Hospital Cash Plan Reinsurance Hospital cash insurance providing daily allowance and surgical benefits for hospitalization due to accident or sickness, with variants including Accident & Sickness, Accident only, Sickness only, and critical illness triggered products. For ceding life insurance companies in Indonesia.
• Hospitalization Reinsurance (Asuransi Kesehatan) Health reinsurance covering inpatient, outpatient, maternity, optical, and dental care including surgery fees, room charges, medication, and doctor visits for both individual and group coverage. For ceding life insurance companies in Indonesia.
• Credit Life Insurance Reinsurance (Asuransi Jiwa Kredit) Credit life reinsurance covering mortgage decreasing/fixed benefit, micro credit, motor vehicle credit, multi-purpose credit, and Credit Shield products with optional interest and arrears coverage. For ceding life insurance companies in Indonesia.
• Savings Life Insurance Reinsurance (Asuransi Jiwa Tabungan) Savings life insurance providing benefit equal to remaining monthly contributions or multiples thereof upon death or total permanent disability due to illness or accident. For ceding life insurance companies in Indonesia.
• Total Permanent Disability Reinsurance (TPD) Total permanent disability reinsurance with accelerated and additional variants, covering both accident and illness causes. For ceding life insurance companies in Indonesia.
• Waiver of Premium Reinsurance Premium waiver reinsurance releasing policyholders from premium payments upon death, TPD, or critical illness, with spouse and payor variants covering various combinations of triggers. For ceding life insurance companies in Indonesia.
• RIU Connect Integrated digital platform developed by Indonesia Re to enhance effectiveness and efficiency of reinsurance business transactions and data exchange between the company and insurance partners. For ceding insurance companies in Indonesia.
• KSAKI (Kredit Asuransi Kieraha Export) Export insurance program providing facilities including import duty exemptions, VAT suspension on imported materials for export commodities, established under Ministry of Finance Decree No. 615/KMK.01/1997. For non-oil and gas exporters in Indonesia.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• PT Reasuransi Syariah Indonesia (ReINDO Syariah)coreOthersSubsidiary of Indonesia Re, established through spin-off of the Sharia Reinsurance Division of ReINDO. Operates as the first Full Fledge Retakaful (sharia-compliant reinsurance) company in Indonesia, officially commencing operations on 1 June 2016. Licensed by and portfolio transferred from OJK. Indonesia Re provides full ownership and strategic support as the parent company.
• PT Asuransi Asei IndonesiacoreOthersSubsidiary of Indonesia Re, formerly known as PT Asuransi Ekspor Indonesia (Persero). Operates as a comprehensive insurance company offering trade insurance, credit & guarantee insurance, general insurance, and sharia insurance products. Known as 'One Stop Shop for Insurance.' Indonesia Re holds ownership as parent company.

Scale indicators4 records

Recent moves13 records

Expansion highlights5 records

Direct peers

• Malaysian Reinsurance Berhad: Malaysian Re is the national reinsurer of Malaysia, a state-owned reinsurer with a similar mandate to strengthen domestic reinsurance capacity and provide treaty and facultative coverage across P&C and life lines - directly comparable business model, regulatory positioning, and Southeast Asian emerging-market focus.
• Thai Reinsurance Public Company Limited: Thai Re is Thailand's domestic reinsurer providing treaty and facultative reinsurance across general and life lines - directly comparable as a national/regional reinsurer with similar product breadth in a Southeast Asian emerging market.
• Vietnam National Reinsurance Corporation (Vinare): Vinare is the state-owned reinsurer of Vietnam offering proportional and non-proportional reinsurance across P&C and life - directly comparable as a national reinsurer in a Southeast Asian emerging economy with a similar domestic-capacity-building mandate.
• Philippine National Reinsurance Corporation (PhilNaRe): PhilNaRe is the national reinsurer of the Philippines offering treaty and facultative reinsurance across general, life and health lines - directly comparable as a domestic national reinsurer with a similar single-market focus in Southeast Asia.
• General Insurance Corporation of India (GIC Re): GIC Re is India's state-owned national reinsurer providing reinsurance across property, marine, aviation, life, and health lines - comparable as a large state-backed emerging-market national reinsurer with multi-line treaty and facultative operations.
• Korea Reinsurance Company (Korean Re): Korean Re is the national reinsurer of South Korea, providing treaty and facultative reinsurance across P&C and life - directly comparable as a state-influenced national reinsurer that has scaled internationally from a domestic base, offering a longer-term benchmark for Indonesia Re's trajectory.

Broad incumbents

• Munich Re: Munich Re is the world's largest reinsurer, actively competing with Indonesia Re for treaty and facultative placements from Indonesian cedents - directly comparable products at the customer level, but operates as a global incumbent with vastly larger capital and diversification.
• Swiss Re: Swiss Re is a top global reinsurer competing with Indonesia Re in the Indonesian market across both P&C and life treaty lines - comparable product set but with a global portfolio that gives Swiss Re diversification advantages on large and specialty risks.
• Hannover Re: Hannover Re is one of the world's largest reinsurers, providing treaty and facultative coverage across P&C and life lines - comparable products serving Indonesian cedents, but operating as a global incumbent with broader geographic and line-of-business diversification.
• SCOR SE: SCOR is a global Tier 1 reinsurer with P&C and life reinsurance operations - directly comparable product offering to Indonesia Re for cedents in Indonesia and the broader region, but at vastly greater scale and with international diversification.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/indonesia_re
• YouTubeyoutube.com/channel/UCvUvsrVFUWJizR5V1E2fcuw
• Facebookfacebook.com/salemba30
• LinkedInlinkedin.com/company/pt.-reasuransi-indonesia-utama-persero-
• Instagraminstagram.com/indonesiare
• TikToktiktok.com/@indonesiare_official?_t=ZS-8wTYPKNbFma&_r=1

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Indonesia Re