Tugu Insurance Examines Possibility of Becoming KUPA Parent – Media Asuransi News

Insurance Media, JAKARTA – With the achievement of equity of PT Asuransi Tugu Pratama Indonesia Tbk. (TUGU) or Tugu Insurance amounting to IDR 6.57 trillion in the third quarter of 2023, Tugu Insurance is considering the opportunity to become the parent of the Insurance Company Business Group (KUPA).

Tugu Insurance President Director Tatang Nurhidayat said the company would consider discussing the parent KUPA involving the Tugu Insurance group.

“We might see the main KUPA later in our group, maybe yes, but only for groups that have financial relationships,” said Tatang when met after the 2023 National Seminar held by the Indonesian Insurance Writers Community (Kupasi) in Jakarta, Tuesday 21 November 2023.

However, Tatang also explained that it is unlikely that Tugu Insurance will become the parent KUPA for groups that have no financial relationship with the company.

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“Even though we are still waiting for the details of this KUPA, we do not expect any negative financial effects on us, due to the actions of other parties in the KUPA that we cannot control,” he said.

Tatang said that Tugu Insurance was still weighing the opportunities and risks of establishing KUPA.

“We weighed it. But if you think the opportunities are good and the risks can bemanagewe will do [KUPA],” he said.

Apart from that, regarding prospects in 2024, Tatang explained that Tugu Insurance is very optimistic about all the insurance products the company has.

“Next year we are optimistic that we have also held a working meeting to discuss it and so far all segments of all our products are optimistic, yes, even though we tried earlier redefine again related to service our strategy for getting into service excellence,” said Tatang.

Editor: Ahmad Aris

Editor: Ahmad Aris