ReIndo Syariah

What ReIndo Syariah does

PT Reasuransi Syariah Indonesia (ReIndo Syariah) is Indonesia's first and only Full Fledge Retakaful (Sharia reinsurance) company, licensed to provide both treaty and facultative reinsurance to Sharia-compliant insurance and guarantee companies. Incorporated on May 4, 2016 through a spin-off from PT Reasuransi Internasional Indonesia (ReINDO), where the Sharia unit had operated since 2004, the company commenced formal operations on June 1, 2016 and is headquartered at Grha ReIndo Syariah in Jakarta Timur. It is 99.9975% owned by state-owned PT Reasuransi Indonesia Utama (Indonesia Re), with the residual stake held by KOPRINDO, and is also referenced under the Danantara Indonesia sovereign investment umbrella. ReIndo Syariah holds an idA- (stable) Pefindo credit rating and is certified to SNI ISO 9001:2015 and SNI ISO 37001:2016, with a Dewan Pengawas Syariah overseeing Sharia compliance.

The company offers 22+ reinsurance products organized across life (term, whole life, unit link, savings, financing-linked, personal accident, critical illness, hospital cash, TPD, waiver of premium, Hajj/Umrah travel), general (motor, property, engineering, marine cargo, hull, liability, travel, money, heavy equipment), and guarantee (surety, counter bank guarantee) lines under Sharia principles. Revenue is earned through treaty and facultative reinsurance premiums negotiated bilaterally with ceding companies, supported by retrocession arrangements with international reinsurers (Swiss Re, Munich Re, Hannover Re, RGA, Scor, Labuan Re Retakaful, Malaysian Re) and domestic Sharia units. The go-to-market is direct B2B: annual Forum Treaty and FORSISYA events, broker intermediation (BOA Reinsurance Brokers, PT Asrinda Arthasangga), and ongoing relationship management with 15+ named enterprise ceding companies including Prudential Syariah, Allianz Life Indonesia, AIA Financial, Manulife Indonesia, Sun Life Financial Indonesia, Takaful Keluarga, Chubb General, Takaful Umum, Askrida Syariah, Astra Buana, Central Asia, and Jamkrindo Syariah. Distribution is exclusively enterprise-to-enterprise with no retail channel.

Name

ReIndo Syariah

Legal name

PT. Reasuransi Syariah Indonesia

Website

https://reindosyariah.co.id

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

ReIndo Syariah is Indonesia's first and only Full Fledge Retakaful (Sharia reinsurance) company, providing treaty and facultative reinsurance across life, general, and guarantee lines to Sharia-compliant insurance companies. It operates as a 46-person subsidiary of state-owned Indonesia Re.

Ownership category

akta.pro rank

Product category

Sharia (Takaful) Reinsurance

NAICS

Reinsurance Carriers (524130)

SIC

Life Insurance (6311)

akta.pro industry

PRIMARYFSAIANAM

Retakaful (Life & Health)

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

Keywords

• Sharia reinsurance
• Treaty reinsurance
• Facultative reinsurance
• Life insurance reinsurance
• General insurance reinsurance

Headquarters

HQ city

Jakarta Timur

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, Others

Revenue model

1. Reasuransi Jiwa dan Umum Syariah: ReIndo Syariah earns revenue from reinsurance premiums charged to ceding insurance companies (both life and general insurance) for covering risks under Sharia principles. As a Full Fledge Retakaful, the company provides treaty and facultative reinsurance for risks faced by general, life, and guarantee insurance companies operating on Sharia principles.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

PT Reasuransi Syariah Indonesia (ReIndo Syariah) provides Sharia-compliant (Full Fledge Retakaful) reinsurance services to insurance and guarantee companies in Indonesia. It accepts treaty and facultative cessions of life, general, and guarantee insurance risks on Sharia principles, transferring portions of large or accumulated risk to its own balance sheet and retroceding internationally. The company operates with Sharia Supervisory Board oversight, regulated by OJK, and supervised as a subsidiary of state-owned Indonesia Re.

Product overview

PT Reasuransi Syariah Indonesia (ReIndo Syariah) is Indonesia's first and only Full Fledge Retakaful (Sharia Reinsurance) company, providing both life insurance reinsurance (reasuransi jiwa) and general insurance reinsurance (reasuransi umum) services. The company operates under Sharia principles, offering a comprehensive portfolio of 22+ reinsurance products including life reinsurance products (Term Life, Whole Life, Unit Link, Critical Illness, Hospital Cash Plan, Personal Accident, Total Permanent Disability, Waiver of Premium, Hajj/Umrah Travel Insurance, Financing Life Insurance, Savings Life Insurance) and general reinsurance products (Cargo, Hull, Property, Engineering, Motor Vehicle, Heavy Equipment, Personal Accident, Travel, Liability, Surety, Bank Guarantee Counter, Money Insurance). The company also provides Sharia health insurance reinsurance (Hospitalization and Hospital Cash Plan). As a subsidiary of Indonesia Re and supervised by OJK, ReIndo Syariah serves ceding companies including general insurance, life insurance, and guarantee companies operating under Sharia principles throughout Indonesia.

Differentiator

Problem solved

Functional benefit

Products and services

• Sharia Life Reinsurance (Term Life, Whole Life, Unit Link, Endowment) Treaty and facultative Sharia life reinsurance covering term life, natural death, whole life, unit link, and endowment products for Sharia life insurance companies in Indonesia.
• Sharia Personal Accident Reinsurance Sharia-compliant reinsurance covering death due to accident, total or partial permanent disability, and medical expense reimbursement under personal accident policies.
• Sharia Critical Illness Reinsurance Sharia reinsurance providing coverage for diagnosed critical illnesses such as stroke, cancer, and kidney failure, available as additional or accelerated benefits.
• Sharia Hospital Cash Plan Reinsurance Sharia health reinsurance providing daily allowance and surgical benefits for hospitalization due to illness or accident.
• Sharia Hospitalization (Health) Reinsurance Sharia health reinsurance providing reimbursement for hospital and medical expenses including inpatient, outpatient, maternity, eyewear, and dental care.
• Asuransi Jiwa Pembiayaan Syariah (Financing-Linked Life) Reinsurance Sharia life reinsurance covering remaining loan balance upon death or total permanent disability, with decreasing or fixed benefit options for financing-linked policies.
• Asuransi Jiwa Tabungan Syariah (Sharia Life Savings) Reinsurance Sharia life savings reinsurance providing death benefit as multiple of monthly contributions or remaining balance, including Hajj/Umrah savings options.
• Sharia Total Permanent Disability Reinsurance Sharia reinsurance covering total permanent disability due to illness or accident, available as accelerated or additional benefit.
• Sharia Waiver of Premium Reinsurance Sharia life reinsurance providing premium waiver upon policyholder's death, total permanent disability, or critical illness during the contribution payment period.
• Asuransi Perjalanan Ibadah Haji/Umrah (Pilgrim Travel) Reinsurance Sharia life reinsurance for Hajj/Umrah pilgrims covering death and total or partial permanent disability due to illness or accident during pilgrimage.
• Sharia Cargo (Marine Cargo) Reinsurance Sharia reinsurance covering goods transportation risks via land, sea, and air from warehouse to warehouse.
• Sharia Ship Hull Reinsurance Sharia reinsurance covering hull and machinery losses when marine vessels are in operation.
• Sharia Property Reinsurance Sharia property reinsurance covering losses or damages to insured assets from all risks with specified exclusions.
• Sharia Engineering Reinsurance Sharia engineering reinsurance protecting construction, machinery installation, and electronic equipment from risks during the construction and installation process.
• Sharia Motor Vehicle Reinsurance Sharia motor vehicle reinsurance covering losses from insured risks with comprehensive service packages for policyholders.
• Sharia Heavy Equipment Reinsurance Sharia reinsurance covering losses from insured risks for heavy equipment and related interests.
• Sharia Personal Accident (General) Reinsurance Sharia personal accident reinsurance covering death, permanent disability, and medical treatment costs directly caused by accidents under general insurance policies.
• Sharia Travel Insurance Reinsurance Sharia travel reinsurance covering risks including missed flights, lost luggage, trip cancellation, and accidents.
• Sharia Liability (Tanggung Gugat) Reinsurance Sharia liability reinsurance covering third-party compensation claims arising from the policyholder's actions or activities.
• Sharia Surety (Penjaminan) Reinsurance Sharia surety reinsurance providing guarantees to project owners (obligee) against losses from contractor (principal) failure to fulfill contractual obligations.
• Sharia Counter Bank Guarantee (Kontra Bank Garansi) Reinsurance Sharia counter bank guarantee reinsurance providing guarantees to issuing banks against claims for guarantee disbursement.
• Sharia Money Insurance Reinsurance Sharia reinsurance covering loss of money or valuable assets stored or shipped to banks, including theft, robbery, or burglary risks.
• Sharia Retrocession (Retakaful) Services Retakaful and retrocession services provided to domestic and international reinsurance companies with Sharia-compliant units or Retakaful operations.

Quantifiable outcome

• Zakat disbursement of Rp 447,745,715 in 2024 and Rp 448,640,218 in 2023 distributed through BAZNAS, demonstrating active Sharia compliance and social impact.

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and minor.

• Badan Wakaf Indonesia (BWI)coreStrategic or Co-development Partner · 5 August 2025ReIndo Syariah signed a 5-year MoU with BWI on August 5, 2025, to develop a productive wakaf protection scheme based on Sharia insurance. The partnership covers development of Sharia insurance protection products, public education and socialization, and collaboration on information exchange and technical studies. The MoU was signed at the BWI National Coordination Meeting.
• Swiss ReminorOthersInternational reinsurance company engaged for retrocession arrangements.
• Munich ReminorOthersInternational reinsurance company engaged for retrocession arrangements.
• Hannover ReminorOthersInternational reinsurance company engaged for retrocession arrangements.
• RGAminorOthersInternational life reinsurance company engaged for retrocession arrangements.
• Scor Global LifeminorOthersInternational life reinsurance company engaged for retrocession arrangements.
• Labuan Re RetakafulminorOthersInternational Retakaful company from Labuan, Malaysia, engaged for retrocession arrangements.
• Malaysian ReminorOthersMalaysian reinsurance company engaged for retrocession arrangements.
• Nusantara ReminorOthersIndonesian reinsurance company engaged for retrocession arrangements.
• PT Maskapai Reasuransi Indonesia (Unit Syariah)minorOthersDomestic reinsurance company with Sharia unit, engaged for retrocession arrangements.
• PT Reasuransi Nasional Indonesia (Unit Syariah)minorOthersDomestic reinsurance company with Sharia unit, engaged for retrocession arrangements.
• BOA Reinsurance BrokersminorChannel Partner/ Reseller/ DistributorReinsurance broker facilitating intermediation of reinsurance arrangements between ReIndo Syariah and ceding companies.
• PT Asrinda Arthasangga Reinsurance BrokersminorChannel Partner/ Reseller/ DistributorIndonesian reinsurance broker facilitating intermediation of reinsurance arrangements.
• Otoritas Jasa Keuangan (OJK)coreOthersRegulatory body that licenses and supervises ReIndo Syariah as an insurance and reinsurance company operating in the Indonesian financial services sector.
• BAZNAS (Badan Amil Zakat Nasional)minorOthersNational alms management body through which ReIndo Syariah channels its corporate zakat payments, disbursing approximately Rp 447-448 million annually.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Hannover Re: Top-tier global reinsurer and retrocession partner for ReIndo Syariah. Hannover Re operates a structured Retakaful book and serves as capacity provider for treaty arrangements in Muslim markets.
• SCOR: Global reinsurer with life and P&C operations, including a dedicated Global Life Retakaful arm that partners with specialist retakaful operators like ReIndo Syariah for retrocession.
• Munich Re: Global reinsurance incumbent and retrocession partner for ReIndo Syariah. Munich Re's Retakaful business supports life and non-life Sharia-compliant reinsurance arrangements in Asia and MENA.
• Swiss Re: One of the world's largest reinsurers and a retrocession partner of ReIndo Syariah. Swiss Re has established Retakaful operations and provides capacity-based support to specialist retakaful operators in emerging markets.
• RGA (Reinsurance Group of America): Global life reinsurance specialist and retrocession partner for ReIndo Syariah. RGA has a dedicated retakaful capability serving the life and family takaful segments across Southeast Asia.

Direct peers

• MNRB Holdings Berhad: Malaysian-listed holding company that controls Malaysian Re and Labuan Re Retakaful. As the parent of ReIndo Syariah's two main regional Retakaful retrocession partners, MNRB represents the closest regional platform peer in terms of multi-line Retakaful business model.
• Malaysian Reinsurance Berhad: Malaysia's national reinsurer and a key retrocession partner for ReIndo Syariah. Malaysian Re operates a dedicated Retakaful division (Malaysian Re Retakaful), making it the closest regional direct peer in terms of product scope (life and general retakaful) and target market (Southeast Asian Muslim-majority economies).
• Trust International Insurance and Reinsurance Company (Bahrain): Bahraini reinsurer and a long-standing Retakaful operator in the MENA region. Trust Re offers treaty and facultative retakaful across life and general lines, comparable in business model and Sharia-supervised structure.
• Labuan Re Retakaful: Malaysia-based Retakaful specialist and an international retrocession counterparty for ReIndo Syariah. Labuan Re is a focused Sharia reinsurance operator providing treaty and facultative retakaful solutions, directly comparable in product structure and Sharia governance framework.

Regional players

• Saudi Reinsurance Company (Saudi Re): Saudi Arabia-listed reinsurer with growing Retakaful capability. Comparable in offering both conventional and Sharia-compliant reinsurance, though primarily serving MENA rather than Southeast Asia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/reindosyariah
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Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 ReIndo Syariah