PT (Persero) Asuransi Kredit Indonesia

PT (Persero) Asuransi Kredit Indonesia or ASKRINDO, founded in 1971, is a state-owned enterprise with a rich history spanning over 40 years. Specializing in Financial Services and Insurance, the company focuses on supporting the growth of Indonesia’s micro, small, and medium enterprises through credit insurance and loan underwriting. Its product and service offerings have evolved to align with the government’s socio-economic programs and adapt to the changing business landscape in Indonesia.

Under new management since 2011, ASKRINDO has undergone a remarkable transformation, positioning itself as a competitive and reliable entity while upholding its commitment to the development of Indonesia’s MSMEs. Utilizing advanced technology and a dedicated team, ASKRINDO has set industry benchmarks in insurance claim management and risk assessment.

ASKRINDO collaborates closely with the banking and finance sector to facilitate lending to Indonesia’s burgeoning MSMEs, enabling them to achieve their trade aspirations both domestically and internationally. Although primarily focused on the Indonesian market, the company sees potential for growth through partnerships with international trade agencies, insurance, and reinsurance companies.

While specific details regarding its last investment and investors are not available, ASKRINDO's strategic direction and robust operational capabilities position it as a compelling player in Indonesia’s financial services landscape, presenting potential opportunities for venture capital and investors seeking exposure to the country’s growing MSME sector and the broader insurance market.