ASURANSI EKSPOR INDONESIA (PERSERO), PT

What ASURANSI EKSPOR INDONESIA (PERSERO), PT does

PT Asuransi Asei Indonesia (ASEI) is Indonesia's state-owned Export Credit Agency (ECA), established in 1985 and operating today as a subsidiary of PT Reasuransi Indonesia Utama (IndonesiaRe) within the Danantara Indonesia sovereign holding ecosystem. The company provides trade credit insurance, export credit insurance, domestic credit insurance, export bills insurance, credit insurance and surety, and general insurance products, serving Indonesian exporters, banks, non-bank financial institutions, and MSMEs across 71 destination countries. Cumulative five-year export protection stood at Rp 12.1 trillion and 2025 gross written premium reached Rp 697 billion, a 307% year-over-year increase that placed ASEI in The Finance Award 2023 recognition for the Rp 250–500 billion premium band. The company holds memberships in the Berne Union (the international union of credit and investment insurers) and AMAN Union, and is an active participant in the OECD Working Group on Export Credit Guarantees.

ASEI's product architecture is built around risk-based underwriting of buyer non-payment, with separate product lines for trade, export, domestic credit, export bills, and surety cover. Distribution operates through four parallel channels: direct enterprise field sales, banking channel partners (BPD Papua, Bank Sumsel Babel), insurance brokers (PANI), and the myAsei digital self-service mobile platform. Pricing is quote-driven and risk-based for trade and credit insurance, while general insurance and the historical sharia product line (Autosei, Motosei, GriyAsei, PesonAsei) used published rate tables — the sharia portfolio was transferred to PT Asuransi Takaful Umum on 30 December 2025. The business model is a classic insurer model: collect premiums, pool and price risk, pay claims, with revenue mechanics driven by underwriting margin and investment yield on float. Growth is currently being driven by channel partnerships, vertical expansion into fisheries and agriculture, regional banking integrations, and active MSME outreach under the state-led Danantara consolidation agenda.

Name

ASURANSI EKSPOR INDONESIA (PERSERO), PT

Legal name

PT Asuransi Asei Indonesia

Website

https://asei.co.id

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

PT Asuransi Asei Indonesia (ASEI) is Indonesia's state-owned Export Credit Agency, established in 1985 and part of the Danantara ecosystem via IndonesiaRe. It provides trade credit, export credit, domestic credit, and general insurance to Indonesian exporters, banks, NBFIs, and MSMEs across 71 destination countries.

Ownership category

akta.pro rank

Product category

Export Credit Insurance

NAICS

Insurance Carriers (5241), Insurance Carriers and Related Activities (524), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)

akta.pro industry

PRIMARYBPADACAF

Export Credit Agencies (ECAs) & Trade Finance Institutions

Business & Public Services/International Organizations & Development/International Financial Institutions & Development Banks

SECONDARYBPADAMAG

Trade Finance, Export Credit & Risk Mitigation

Business & Public Services/International Organizations & Development/International Trade & Economic Development

SECONDARYFSABAHAJ

Structured Trade & Export Credit (ECA-backed, Structured Solutions)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Trade Finance & Supply Chain Banking

Keywords

• Export credit insurance
• Trade credit insurance
• Credit insurance and surety
• General insurance products
• Sharia insurance takaful

Headquarters

HQ city

JAKARTA, Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Trade Insurance / Export Credit Insurance: Premiums collected from providing export credit insurance, trade credit insurance, export bills insurance, and domestic credit insurance. Revenue is premium-based, typically charged as a percentage of the insured trade receivable value. Covers both commercial and political risk protection for exporters.
2. Credit Insurance and Surety: Credit insurance and surety bond products providing protection for banks and NBFIs against debtor default, as well as consumptive credit insurance for individual borrowers.
3. General Insurance: Wide range of general insurance products including property (fire, earthquake, terrorism), engineering (CAR, EAR), marine cargo, hull, aviation, liability, and personal accident insurance.
4. Sharia Insurance: Takaful-based insurance products where participants contribute to a Tabarru' fund, managed under Wakalah bil Ujrah. Revenue from contribution/takaful fees and mudharabah investment results distributed per agreed ratios (50% to Tabarru' pool, 20% to eligible participants, 30% to operator).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

ASEI is Indonesia's designated Export Credit Agency (ECA) providing insurance protection against commercial and political risks in international and domestic trade. Its portfolio spans trade credit insurance (ECI, DCI, DCIF, EBI), credit insurance and surety for banks/NBFIs, general insurance (property, engineering, marine cargo, hull), and sharia-compliant takaful products (Autosei, Motosei, GriyAsei, PesonAsei). The company serves Indonesian exporters, financial institutions, and corporate/individual policyholders.

Product overview

PT Asuransi Asei Indonesia (ASEI) is Indonesia's Export Credit Agency (ECA) offering a comprehensive insurance portfolio organized into four main categories: Trade Insurance (including Export Credit Insurance, Domestic Credit Insurance, Export Bill Insurance, and Trade Credit Insurance), Credit Insurance and Surety, General Insurance (covering property, engineering, cargo, hull, aviation, and liability), and Sharia Insurance (including Autosei for vehicles, Motosei for motorcycles, PesonAsei for students, and GriyAsei for fire coverage). The company provides protection against commercial and political risks for exporters and supports both international and domestic trade transactions. ASEI also offers a mobile application (myAsei) for customer access.

Differentiator

Problem solved

Functional benefit

Brands

• Autosei: Four-wheeled motor vehicle insurance based on sharia principles providing protection against loss and damage.
• Motosei
• GriyAsei
• PesonAsei

Products and services

• Export Credit Insurance (ECI) Insurance that protects Indonesian exporters against commercial and political risks arising from non-payment by foreign buyers in international trade transactions.
• Domestic Credit Insurance (DCI) Insurance providing compensation for potential losses from non-receipt of payment in domestic trade transactions between Indonesian buyers and sellers.
• Domestic Credit Insurance Financing (DCIF) Insurance financing product providing protection for domestic trade credit and supporting financing of domestic receivables.
• Export Bill Insurance (EBI) Insurance protecting exporters against non-payment risks on export bills and receivables.
• Trade Credit Insurance Insurance providing compensation to sellers, banks, and NBFIs for potential losses from non-receipt of partial or full payment in trade transactions.
• Credit Insurance and Surety Insurance products covering credit risks and surety bonds for businesses, banks, and non-bank financial institutions against debtor default.
• Autosei Sharia-compliant motor vehicle insurance for four-wheeled vehicles providing protection against loss and damage under Comprehensive and Total Loss Only coverage.
• Motosei Sharia-compliant two-wheeled motor vehicle insurance providing protection against loss and damage.
• PesonAsei Sharia-compliant student personal accident insurance covering death, permanent disability, medical expenses, hospitalization, and funeral costs due to accidents.
• GriyAsei Sharia-compliant fire insurance providing protection against damage from fire, explosion, aircraft crash, lightning, and smoke risks for residential property.
• Asuransi Harta Benda (Property Insurance) General insurance providing compensation for damage or loss of property caused by fire, lightning, explosion, falling aircraft, and smoke, including PSAKI, PAR/IAR, PSAGBI/Earthquake, TAS, and Business Interruption coverage.
• Asuransi Rekayasa (Engineering Insurance) Insurance covering material damage during construction, including Contractor All Risk (CAR), Erection All Risks (EAR), Electronic Equipment Insurance (EEI), Machinery Breakdown (MB), and Contractor's Plant and Machinery (CPM).
• Asuransi Pengangkutan Barang (Cargo Insurance) Insurance covering damage or loss of goods during transport by land, sea, or air, with ICC A, B, and C coverage levels available.
• Asuransi Rangka Kapal (Hull Insurance) Insurance providing protection against damage to ship hull and engines from perils of the sea and navigation risks under full or limited terms.
• myAsei Mobile App Mobile application available on Google Play Store providing digital access to ASEI services for policyholders, enabling policy management and certificate verification.

Quantifiable outcome

• Rp 697 billion in premiums collected in 2025, growing 307% year-on-year
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• PT Pialang Asuransi Nasional Indonesia Jaya (PANI)coreChannel Partner/ Reseller/ Distributor · 29 April 2026ASEI signed a comprehensive partnership agreement with PANI covering all business lines: trade insurance, general insurance, credit insurance, and surety. The agreement is expected to expand market reach, increase penetration, and deliver more comprehensive protection solutions to businesses across sectors. The signing was conducted at Menara Kadin Indonesia with ASEI President Director Achmad Sudiyar Dalimunthe and PANI President Director Mochammad Auditya Brilliant.
• PT Perikanan IndonesiacoreStrategic or Co-development Partner · 10 April 2026ASEI signed an MoU with PT Perikanan Indonesia and CV Bhumiagri Nawasena Perkasa to strengthen security, certainty, and sustainability of trade transactions, specifically in mitigating payment failure risk for domestic and export transactions. The partnership aims to provide protection against payment failure risks, enhance transaction security, support insurance-based financing access, and increase confidence in domestic and export trade chains.
• CV Bhumiagri Nawasena PerkasacoreStrategic or Co-development Partner · 10 April 2026Part of the joint MoU with PT Fisheries Indonesia to provide trade insurance protection for agricultural commodity transactions. The partnership supports safe, certain, and sustainable business expansion in domestic and export markets.
• Bank Pembangunan Daerah Papua (BPD Papua)coreChannel Partner/ Reseller/ Distributor · 21 January 2026Strategic cooperation focused on developing multiguna credit insurance products. The partnership enables BPD Papua to offer credit protection to its borrowers while strengthening its loan portfolio quality. Sinergy aims to add value for both institutions and their customers, supporting economic growth in Papua and surrounding regions.
• Bank Pembangunan Daerah Sumatera Selatan dan Bangka Belitung (Bank Sumsel Babel)coreChannel Partner/ Reseller/ Distributor · 12 November 2025Collaboration covering multiguna credit insurance, KPR (housing loan) fire insurance, and credit protection products. The partnership aims to provide optimal protection against financing risks and assets, creating a healthier, safer, and more competitive financing ecosystem.
• Berne Union (International Association of Export Credit and Investment Insurers)coreOthersASEI is a member of the Berne Union, the premier global association of export credit and investment insurers. Membership enables international cooperation, best practice sharing, and represents ASEI's standing in the global ECA community.
• AMAN Union (Islamic Nations Export Credit Insurance Association)coreOthersASEI co-founded and is a member of the AMAN Union, the export credit insurance association for OIC (Organization of Islamic Cooperation) member countries. This positions ASEI as a bridge for Islamic trade finance and halal supply chain protection.
• Lembaga Pembiayaan Ekspor Indonesia (LPEI) / Indonesia EximbankcoreStrategic or Co-development PartnerLPEI (Indonesia Eximbank) is the complementary ECA institution handling export financing, while ASEI handles export insurance and credit guarantee. Together they form Indonesia's dual ECA ecosystem. ASEI's article emphasizes the need for functional integration between ASEI and LPEI to maximize ECA effectiveness for Indonesian exporters, especially SMEs.
• 16 Global Export Credit AgenciesminorStrategic or Co-development PartnerASEI has established cooperation agreements with 16 ECA counterparts from various countries, enabling cross-border reinsurance, co-insurance, and knowledge sharing to support Indonesian exporters operating in those markets.
• IndonesiaRe (PT Reasuransi Indonesia Utama)coreOthersASEI is a subsidiary of IndonesiaRe (PT Reasuransi Indonesia Utama), Indonesia's national reinsurer. ASEI sits within the Danantara ecosystem following the restructuring of Indonesia's state enterprises.
• OECD Working Group on Export Credit GuaranteesminorOthersASEI actively participates in the Working Group on Export Credit Guarantees under the OECD Trade Committee as part of Indonesia's OECD accession process, contributing to the Initial Memorandum and harmonization efforts.
• Directorate General of National Export Development (Dirjen PEN), Ministry of Trade RIcoreStrategic or Co-development PartnerASEI collaborates with the Ministry of Trade's Directorate General of National Export Development to support national export promotion through export insurance education and market access facilitation for Indonesian exporters.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Atradius: Atradius is a major European trade credit insurer offering export credit insurance, domestic credit insurance, and surety products similar to ASEI's portfolio. Direct competitor in the same trade credit insurance category.
• SINOSURE (China Export & Credit Insurance Corporation): SINOSURE is China's official export credit agency, the world's largest by insured volume, offering ECI, domestic credit insurance, and investment insurance. Directly comparable as a national ECA with sovereign backing, similar to ASEI's mandate in Indonesia.
• Allianz Trade (formerly Euler Hermes): Allianz Trade is the world's largest trade credit insurer, providing export credit insurance and receivables management globally. Directly comparable to ASEI's core ECI, TCI, and DCI products at substantially larger scale.
• Coface: Coface is a leading global trade credit insurer underwriting buyer non-payment risk across 200+ countries, with €5B+ premium volume. Directly comparable as a specialized ECA-adjacent trade credit insurer serving exporters and banks with similar product structure to ASEI.
• Korea Trade Insurance Corporation (K-SURE): K-SURE is South Korea's official export credit agency providing trade credit insurance, export guarantees, and overseas investment insurance. Closely comparable ECA mandate and product mix to ASEI, both Berne Union members serving Asian exporters.
• Export Credit Guarantee Corporation of India (ECGC): ECGC is India's official export credit agency providing export credit insurance and guarantees to Indian exporters and banks. Directly comparable national ECA mandate, product structure, and emerging-market positioning to ASEI.

Broad incumbents

• Export Development Canada (EDC): EDC is Canada's official export credit agency providing trade credit insurance, financing, and investment support. Comparable ECA mandate and product overlap with ASEI, serving exporters across diverse industries and destinations.
• UK Export Finance (UKEF): UKEF is the United Kingdom's official export credit agency offering export insurance, guarantees, and buyer credit facilities. Comparable ECA mandate and product overlap with ASEI, with much larger scale and OECD-aligned operating framework.
• Export-Import Bank of China (CEXIM): CEXIM is China's policy-oriented export finance bank offering export credit, guarantees, and concessional loans. Comparable as the financing counterpart in China's dual-ECA ecosystem (similar to how LPEI complements ASEI in Indonesia), though focused on financing rather than insurance.

Emerging players

• Lembaga Pembiayaan Ekspor Indonesia (LPEI / Indonesia Eximbank): LPEI is Indonesia's official export financing institution, serving as the financing counterpart to ASEI's insurance mandate within Indonesia's dual-ECA ecosystem. Functionally complementary rather than competing, but highly comparable as a state-owned ECA serving the same Indonesian exporters.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/asuransi_asei
• YouTubeyoutube.com/channel/UCsIECiv8z_h880o7VCWdkng
• Facebookfacebook.com/asuransi.asei.3
• LinkedInlinkedin.com/company/asuransi-ekspor-indonesia-persero-pt
• Instagraminstagram.com/asuransi_asei

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 ASURANSI EKSPOR INDONESIA (PERSERO), PT