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Increase premiums, Askrindo embrace Bukopin

5 May 2012


By Ferry Kristianto – Saturday, May 5th, 2012 | 7:46 pm

JAKARTA. PT Indonesian Credit Insurance (Askrindo) extend cooperation with PT Bank Bukopin tbk (BBKP) in the case of a credit guarantee. This facility is provided to customers People’s Business Credit (KUR) and non-KUR Bukopin form of credit insurance and guarantee bank contract.

Of this cooperation can be obtained Askrindo target premium of Rp 14 billion from the credit ceiling of Rp 1.4 trillion borne.

Technical and Operations Director Askrindo Didiet S Pamungkas said, cooperation with Bukopin it has existed for three years. This new collaboration will run for up to two years.

Didiet asserted, Bukopin a partner because it has a micro and corporate clients. “Business insurance is not only to micro, but also corporates,” he explained on Friday (4/5).

Insurance red plate is hoped, will be bright underwriting insurance business this year. Because of that it also plans to increase co-operation of state banks in the near future. Didiet explained, potentially increasing the banking business line of credit insurance Askrindo. Thus helping their net profit target this year of net profit of Rp 225 billion alias grew 115% compared to last year.

Askrindo optimistic achieved their targets this year. For the first quarter of this year until they had covered a premium of approximately Rp175 billion and net income of Rp57, 7 billion. So the potential is very large this year.

Moreover, the government has asked banks to penetrate the KUR increase over Rp 30 trillion this year alias, up from the 2011 target of Rp 20 trillion. That is, the guarantee will increase.

Just so you know in 2011 of the total guarantee amounting to Rp 6.7 trillion KUR, Askrindo premiums earned Rp 55 billion. So this year Askrindo expect their earnings, 50% is generated from underwriting business KUR.


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