Reasuransi Nusantara Makmur (Nusantara Re)

What Reasuransi Nusantara Makmur (Nusantara Re) does

PT Reasuransi Nusantara Makmur, operating as Nusantara Re, is an Indonesian private reinsurance company established on July 19, 2017 and licensed by the Financial Services Authority (Otoritas Jasa Keuangan, OJK). The company provides Treaty reinsurance (automatic portfolio-level coverage) and Facultative reinsurance (case-by-case risk acceptance) to General and Life insurance companies in Indonesia across eight lines: Vehicle, Miscellaneous, Property, Engineering, Personal Accident, Cargo, Liability, and Life Insurance. On January 31, 2020 it launched Nusantara Re Unit Syariah, a separately OJK-licensed Sharia-compliant reinsurance division extending the same Treaty and Facultative structure to Islamic insurance companies.

The company is 99%-owned by PT Asuransi Sinar Mas and 1% by PT Sinar Mas Multiartha, placing it within the Sinar Mas Group conglomerate and providing the capital base underwriting capacity requires. Nusantara Re employs approximately 51 people at its headquarters in Jakarta Pusat (Menara Tekno, Jl. K.H. Fachrudin No.19) and is led by President Director Eka Priadi Wongso, supported by two Directors, Associate Directors across Life, Non-Life, and Treaty & Facultative Non-Life, and a dedicated Sharia Supervisory Board.

Commercially, Nusantara Re operates a B2B enterprise field sales model targeting Indonesian cedents, with dedicated inbound channels for Facultative and Treaty business. The stated technology posture includes the use of artificial intelligence to "innovate" reinsurance service delivery, though no proprietary AI products, patents, or technical disclosures are provided. Revenue, premium volume, and financial ratings are not publicly disclosed; the company positions its value proposition around strengthening domestic reinsurance capacity to reduce Indonesian premium outflows to foreign reinsurers and supporting Indonesia's ambition to lead ASEAN insurance markets.

Name

Reasuransi Nusantara Makmur (Nusantara Re)

Legal name

PT Reasuransi Nusantara Makmur

Website

https://nusantarare.com

Company type

Private

Founded year

2017

Operating status

Operating

Short description

Nusantara Re is an OJK-licensed Indonesian reinsurer providing Treaty and Facultative reinsurance across eight insurance lines to General and Life insurers, including a Sharia-compliant unit, as a subsidiary of Sinar Mas Group.

Ownership category

akta.pro rank

Product category

Reinsurance Services

akta.pro industry

PRIMARYFSAIANAM

Retakaful (Life & Health)

Financial & Insurance/Insurance — Life & Health/Reinsurance for Life & Health

Keywords

• Reinsurance services
• Treaty reinsurance
• Facultative reinsurance
• Sharia reinsurance
• Insurance risk transfer

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, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Treaty Reinsurance: Treaty reinsurance provides automatic coverage for insurance companies' portfolios, where Nusantara Re accepts a share of risks as part of an agreed treaty arrangement. This generates recurring premium income based on treaty agreements with insurance company partners.
2. Facultative Reinsurance: Facultative reinsurance covers individual risks on a case-by-case basis, where insurance companies submit specific risks for Nusantara Re's consideration and acceptance. This provides a flexible revenue stream based on individual risk assessments.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

PT Reasuransi Nusantara Makmur (Nusantara Re) is an OJK-licensed Indonesian reinsurance company that provides Treaty and Facultative reinsurance support to General Insurance and Life Insurance companies. Coverage is offered across eight insurance lines (Vehicle, Miscellaneous, Property, Engineering, Personal Accident, Cargo, Liability, and Life) under both conventional and Sharia-compliant (Unit Syariah) frameworks. The company leverages artificial intelligence for service innovation and underwriting risk management.

Product overview

PT Reasuransi Nusantara Makmur (Nusantara Re) is an Indonesian reinsurance company offering core reinsurance products through two primary forms: Treaty Reinsurance (automatic coverage for qualifying policies) and Facultative Reinsurance (individual risk underwriting). The company provides reinsurance support across eight insurance lines: Vehicle, Miscellaneous, Property, Engineering, Personal Accident, Cargo, Liability, and Life Insurance. Nusantara Re operates two segments: a conventional reinsurance division (established July 19, 2017) and Nusantara Re Syariah (established January 31, 2020), a Sharia-compliant reinsurance unit operating under the same product portfolio but following Islamic financial principles. The company leverages artificial intelligence in its service innovation and is licensed and regulated by the Financial Services Authority (OJK) of Indonesia.

Differentiator

Problem solved

Functional benefit

Products and services

• Treaty Reinsurance
• Facultative Reinsurance
• Nusantara Re Unit Syariah (Sharia Reinsurance)

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PT Reasuransi Indonesia (Indonesia Re): Indonesia's state-owned national reinsurer providing Treaty and Facultative reinsurance across general and life lines to domestic insurers. Directly comparable to Nusantara Re in product mix, customer base, and Indonesian market focus.
• PT Maskapai Reasuransi Indonesia (Marein): Established Indonesian reinsurer offering treaty and facultative support to general and life insurers domestically. Closely comparable in business model, B2B cedant relationships, and regulatory environment under OJK.
• PT Tugu Reasuransi Indonesia (Tugure): Indonesian reinsurance company providing Treaty and Facultative coverage to local insurers across multiple lines. Directly comparable in customer base, product structure, and regulatory framework.
• RGA (Reinsurance Group of America): Leading global life reinsurer with strong Asian footprint offering treaty and facultative life reinsurance. Directly comparable for the life insurance segment of Nusantara Re's portfolio.

Broad incumbents

• Munich Re: The world's largest reinsurer, operating globally with significant Indonesian cedant relationships. Comparable in product breadth (life, P&C, specialty) but at vastly larger scale and longer underwriting history.
• Swiss Re: Top-three global reinsurer with broad life and non-life reinsurance offerings and active Indonesian market presence. Comparable in treaty/facultative product structure but with global diversification Nusantara Re lacks.
• Hannover Re: Major global reinsurer with strong specialty and treaty capabilities across life and P&C lines, including in Asia-Pacific. Comparable product set but with deeper capital base and broader geographic footprint.
• SCOR: Global reinsurer with life and P&C treaty/facultative offerings and presence in Asian markets. Comparable product architecture but at significantly larger scale than Nusantara Re.
• Lloyd's of London: Specialty insurance and reinsurance market providing facultative and treaty support globally, including to Asian cedants. Comparable for complex/specialty risk placement but operates on fundamentally different market structure.

Regional players

• Malaysian Reinsurance Berhad (Malaysian Re): Malaysia's national reinsurer operating across general and life lines in Southeast Asia. Comparable in regional positioning, product mix, and government-linked mandate, though primarily serving Malaysian cedants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Reasuransi Nusantara Makmur (Nusantara Re)