Improving the Role of Eximbanks/ECAs in the OIC Member States
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Asuransi Ekspor Indonesia (ASEI)
Name of Entity: Asuransi Ekspor Indonesia (ASEI)
Status: Full Government Ownership (100%
owned by the Minister of State Owned
Enterprises)
Corporate Form: State-owned Company
Year of Establishment: 1985 Capital: IDR 857 Billion (USD
70 million)
Size of staff: 429
Financial outturn (Net Profit):
2011 2012 2013
IDR Mn 67,944 92,799 107,336
USD th 6,539 8,932 8,798
Assets: IDR 1.9 trillion (USD 156 million)
Product Offerings
Financing: None
Guarantee
 Credit Guarantees offered to banks for non-cash loan facilities provided to credit-worthy debtors.
Insurance
 Export credit Insurance protects exporters against losses due to non-payment by counterparties due to commercial
and political risks.
 Export Bill Insurance protects banks against losses due to non-payment by importers due to commercial and
political risks and under bills of exchange presented by an exporter as collateral.
 Trade Credit Insurance indemnifies the seller against the risk of non-payment from the buyer due to commercial
risks.
 General Insurance: This includes insurance for property, engineering, marine cargo, marine hull, money, personal
accident, burglary, liability, space, aviation and oil and gas.
Bonding Facilities: Surety
Advisory and Other Services: None
Islamic Finance Instruments (only offered for general insurance)
 Asuransi Shariah
 Shariah-compliant general insurance
 Shariah Property Insurance
Business Volumes:
USD
Mn
Year
ST Export Credit
Insurance
465 2012
Domestic Credit
Insurance
605 2013
Source: Aman Union Performance Report 2012
and Aman Union Performance Analysis Report
2013
Top Exports / Export Markets :
Products Exported (2013)
HS Code Description Value (USD Mn) %
27 Oil & Gas 64,955 32.3%
6-15 Vegetable 20,800 10.3%
84-85 Mach/Elec 19,421 9.7%
Others 95,941 47.7%
Total 201,118 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country Value (USD Mn) %
1 China 31,424 15.6%
2 Japan 28,882 14.4%
3 USA 19,809 9.8%
Others 121,003 60.2%
Total 201,118 100.0%
Source: UNComtrade