Jakarta, CNN Indonesia –
The government inaugurated the holding company for insurance and underwriting, Indonesia Financial Group or IFG. This holding was previously known as PT Bahana Pembimbing Usaha Indonesia (Persero) or BPUI.
IFG is expected to play a role in national development through a strong insurance and underwriting industry, as well as establishing life insurance that can provide protection to the entire community.
As a holding, IFG Group oversees subsidiaries consisting of PT Bahana TCW Investment Management, PT Bahana Sekuritas, PT Bahana Arta Ventura, PT Bahana Kapital Investa, and PT Graha Niaga Tata Utama from the financial and capital market business lines.
Furthermore, subsidiaries of the general insurance and underwriting sector include PT Jasa Raharja, PT Asuransi Kredit Indonesia (Jamkrindo), PT Asuransi Kredit Indonesia (Askrindo), and PT Asuransi Jasa Indonesia (Jasindo).
BUMN Minister Erick Thohir welcomed the birth of the IFG Group. As a state-owned company, IFG is expected to become a pillar of support for the Indonesian financial industry.
“Of course, as a financial institution that houses the fields of investment, insurance and guarantee, the Indonesia Financial Group is expected to be able to increase the growth of the financial industry and always prioritize the spirit of trustworthiness, competence, harmony, loyalty, adaptive, and collaborative or what we call morals,” said Erick.
In line with Erick, Minister of Finance Sri Mulyani hopes that IFG can increase its capabilities in encouraging the transformation of financial institutions, especially in the insurance sector.
“Hopefully this change will truly transform our BUMNs into BUMNs that have competence, professionalism, performance, and integrity that can become examples or. role model for other institutions, “said Sri Mulyani.
Furthermore, IFG Group will form a life insurance company called IFG Life. The company will focus on three lines, namely life and health protection, and pension (DPLK), as well as migration of insurance policies from customers of PT Asuransi Jiwasraya (Persero) as a result of the restructuring.
In this regard, the government will inject IDR 22 trillion State Capital Participation (PMN) into the IFG Group. Later, IFG Life will get a flow of capital from the IFG Group that comes from the PMN. The funds will be the basic capital to drive the IFG Life business and accommodate the liabilities of the restructured Jiwasraya customer policies.
To elaborate on the birth of IFG, CNNIndonesia.com will present a discussion on Secret at Newstoom (Setroom): IFG, the New Giant in the World of Insurance, which will be broadcast live streaming Monday (2/11) at 19.00 WIB.
The discussion will present speakers:
1. Pantro Pander Silitonga – IFG Life Business Director
2. Tejasari Asad – Director of Tatadana Consulting
3. Fauzi Ikhsan – Economic Observer
(fjr / asa)
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