50 Years Of Indonesian Marine Toko: Trust, Achievement, And Commitment To Sustainability Innovation

JAKARTA - PT Asuransi Toko Marine Indonesia (TMI) celebrates the peak of a 50-year journey as a pioneer in the insurance industry in Indonesia. Since its establishment in 1975, TMI has developed into a trusted partner for individual and corporate customers, by integrating global advantages and local insights in presenting innovative and relevant protection solutions.

At this celebration, TMI reaffirmed its commitment to the principles of "To Be a Good Company" and sustainability, which has been the company's main foundation for the past five decades.

In his remarks at the birthday celebration which was held at the Fairmont Hotel Jakarta on Wednesday, May 28, the President Director of TMI, Sancoyo Setiabudi, expressed deep appreciation to all customers, business partners, stakeholders, and employees for their contribution that has brought the company to the age of half a century.

"Fifty years is not just a time achievement, but a symbol of trust that we have built with all stakeholders," said Sancoyo.

"We are committed to continuing to provide the best service, providing sustainable innovation, and supporting Indonesia's economic development through an approach that prioritizes sustainability in the fields of good environmental, social, and governance," he added.

This commitment is in line with Tokoio Marine Group's latest strategy entitled "Insiring Confidence. Accelerating Progress" which was officially launched in April 2025.

The event was attended by the leadership of the Toko Marine Group, including Masahiro Koike, Managing Executive Officer of Toko Marine Holdings, Inc.; Masahito Hirai, CEO of Toko Marine Asia Pte. Ltd. In addition, the Board of Directors of PT Asuransi Toko Marine Indonesia was also present, including Sancoyo Setiabudi, Shiro Ipposhi, Shiro Kiyohara, and Cahyo Adi.

Leadership Transition In Toko Marine Group

Toko Marine Holdings, Inc. has announced the appointment of Masahiro Koike as the new President and CEO, who will officially take office after a general meeting of shareholders in late June. This transition affirms the company's focus on adapting to global market needs and encourages sustainable success.

Masahiro Koike expressed his commitment to continuing the foundation that had been built by his predecessor, Satoru Komiya, and working with the team to strengthen Toko Marine's global leadership. This leadership change reflects Toko Marine's dedication to innovation, growth, and maintains its position as one of the world's leading insurance providers.

Indonesia's Strategic Role In The Toko Marine Group

As part of the Toko Marine Group, one of the world's leading insurance companies with networks in more than 44 countries, PT Asuransi Toko Marine Indonesia (TMI) plays a strategic role in regional group development. Managing Executive Officer of Toko Marine Holdings, Inc., Masahiro Koike, who was present at the event, expressed deep reflections on the journey of the Toko Marine Group as a global leader in the insurance industry. He also highlighted the group's long-term commitment to Indonesia and its strategic vision for the future.

Founded in 1879, Tokio Marine Group has grown to become a global leader in the insurance sector with more than 51,000 employees operating in 44 countries and net income of around 8.1 billion US dollars. In Indonesia, the journey of the Toko Marine Group in Indonesia, began in 1975 with the establishment of Asuransi Jayasraya, which is now known as Insurance for Toko Marine Indonesia (TMI), and currently TMI already has 430 dedicated team members.

"Initially, the company only served Japanese companies, but we then expanded our local portfolio, especially in motor vehicle insurance and it turns out that this expansion was able to record significant premium growth. Our commitment to innovation and social responsibility is rooted in our main goal: 'Protecting customers and society in times of need,' said Masahiro Koike, Managing Executive Officer of Toko Marine Holdings, Inc.

Masahiro Koike further said, globally, we have grown rapidly since 2007 through strategic acquisitions, with 70 percent of the company's profits now coming from outside Japan.

"As of April 30, 2025, Tokio Marine Group ranks 8th globally based on market capitalization among insurance companies. Indonesia remains the main focus market with great growth potential, and we are committed to continuing to support national customer, partner, and economic development for the years to come," he explained.

Financial Achievements And Digital Transformation

In 2024, PT Asuransi Toko Marine Indonesia (TMI) recorded premium income of IDR 2.3 trillion, an increase of 3.1 percent compared to the previous year. Net profit after tax reached IDR 297 billion, reflecting significant growth of 22.2 percent on an annual basis.

This profit growth was driven by strong underwriting results, which amounted to Rp629 billion, up 14.6 percent from the previous year. The company also showed a healthy financial condition with the Risk-Based Capital (RBC) level reaching 363.0 percent, well above the minimum threshold set by the OJK of 120 percent.

In line with the development of the digital era, TMI launched various technological initiatives, including the Digital Online Claims application called Tokio Clicks and the TAPPS agency platform.

These two solutions are designed to accelerate the claim process and support product marketing more efficiently. Thanks to this innovation, TMI won the prestigious "Best General Insurance 2024" and "Indonesia Best General Insurance 2024 for Digital Innovation."