Asosiasi Asuransi Syariah Indonesia (AASI)

What Asosiasi Asuransi Syariah Indonesia (AASI) does

Asosiasi Asuransi Syariah Indonesia (AASI) is an Indonesian industry association representing the sharia-compliant (takaful) insurance sector. Its legal name is Asosiasi Asuransi Syariah Indonesia, and it operates from a web domain (aasi.or.id) under a ".or.id" registry designation, consistent with a non-commercial organizational rather than corporate structure. The organization employs approximately six people, indicating a lean, coordination-focused operation rather than a product- or service-delivery enterprise.

The functional role of an "Asosiasi" in Indonesia's insurance landscape is typically to serve as the collective representative body for member firms, liaising with regulators (notably OJK), promoting sector standards, and providing a common platform for industry coordination on sharia-compliance, market development, and policy advocacy. AASI's specific deliverables — publications, training programs, certifications, data products, or member services — were not disclosed in the available input; the firm's web presence returned only a loading/verification page and no substantive product, pricing, customer, or partnership content was extractable.

The revenue model cannot be characterized from the input: there are no pricing details, no disclosed funding rounds, no customer/segment data, and revenue is explicitly marked "Not available." As is standard for national insurance associations, the most plausible funding mechanics would be membership dues from constituent sharia insurance operators, but no member roster, fee schedule, or financial disclosures were provided to confirm this. No management team, leadership, partnerships, geographic footprint, subsidiaries, awards, certifications, or M&A activity were disclosed in the source data.

Name

Asosiasi Asuransi Syariah Indonesia (AASI)

Legal name

Asosiasi Asuransi Syariah Indonesia

Website

https://aasi.or.id

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Asosiasi Asuransi Syariah Indonesia (AASI) is an Indonesian industry association representing the country's sharia-compliant (takaful) insurance sector, operating with a small staff of approximately six people and serving its member firms through sector coordination and representation.

Ownership category

akta.pro rank

Product category

Insurance Industry Association

NAICS

Business Associations (813910)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

akta.pro secondary industries

Retakaful (Life & Health) (FSAIANAM), Technical Committees, Working Groups & Expert Panels (BPADANAB)

Keywords

• Sharia insurance association
• Islamic insurance industry
• Indonesia insurance regulator
• Takaful industry body
• Insurance trade association

GTM type

B2B

Offering type

Services

Core offering

Asosiasi Asuransi Syariah Indonesia (AASI) is an industry association that represents sharia-compliant insurance companies in Indonesia. It operates as a collective body for its member sharia insurance operators, supporting industry collaboration, representation, and development within the Indonesian Islamic finance sector.

Product overview

No product or service information available. The source data contains only a loading/verification page (One moment, please...) with no substantive content about the organization's offerings.

Differentiator

Problem solved

Functional benefit

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Direct peers

• Asosiasi Asuransi Jiwa Indonesia (AAJI): The Indonesian Life Insurance Association is the most direct domestic peer; AASI represents sharia life insurers in the same way AAJI represents conventional life insurers, sharing mandate, member-based funding, and advocacy function.
• Asosiasi Asuransi Umum Indonesia (AAUI): The Indonesian General Insurance Association is the parallel association for general (non-life) insurers, including sharia general insurance. Overlaps with AASI in takaful general members and is the closest structural peer within Indonesia.

Broad incumbents

• Islamic Financial Services Board (IFSB): IFSB is the international standard-setting body for Islamic financial services, including takaful. It is an upstream policy peer whose prudential standards influence AASI's domestic member compliance work.
• Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI): AAOIFI sets sharia accounting and auditing standards referenced by takaful operators globally. It is an enabling/standards peer whose outputs shape AASI members' Shariah review and reporting practices.
• Dewan Syariah Nasional – Majelis Ulama Indonesia (DSN-MUI): The National Sharia Board of Indonesia's MUI sets binding sharia fatwas for Islamic finance, including takaful. AASI's standards work effectively executes DSN-MUI guidance, making DSN-MUI the upstream authority and a closely linked industry peer.
• Otoritas Jasa Keuangan (OJK): OJK is the Indonesian Financial Services Authority that regulates insurers including takaful operators. It is the regulatory counterparty with which AASI must coordinate on policy, licensing, and industry development matters.

Regional players

• Malaysian Takaful Association (MTA): The Malaysian takaful industry association is a regional counterpart operating in a comparable sharia-insurance ecosystem. It serves as a reference peer for AASI's structure, advocacy model, and member services in the broader ASEAN takaful market.

Others

• Asosiasi Asuransi Jiwa Syariah Indonesia (AASI) member companies — e.g., Prudential Sharia Life Assurance: Major sharia life insurers such as Prudential Sharia are AASI's principal members. While not a like-for-like peer, they are the principal counterparties that fund and shape AASI's agenda.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights3 records

Customer concentration

• LinkedInlinkedin.com/company/aasi-asosiasi-asuransi-syariah-indonesia

Revenue estimate

Valuation estimate

Number of profiles

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 Asosiasi Asuransi Syariah Indonesia (AASI)