Company Performance Increasing, Taspen Group Rewarded With Two Awards

Photo: Doc. TASPEN

JAKARTA - PT TASPEN (Persero) is always committed to improving performance in order to make a maximum contribution to the Indonesian economy. This is reinforced by the support of TASPEN's subsidiary, namely PT Asuransi Jiwa Taspen or Taspen Life which managed to achieve brilliant achievements by getting two awards, namely The Excellence Performance Life Insurance Company In 5 Consecutive years (2019-2023) and The Excellent Performance Life Insurance Company (Gross Premium Rp1 Trillion to Rp 5 Trillion) at the Infobank 25th Insurance Award.

TASPEN Life is considered to meet important criteria in assessing the performance of life insurance companies, namely Risk Based Capital (RBC) which was recorded at 289.88% as of December 31, 2023 or far above the minimum threshold set by the Financial Services Authority (OJK) of 120 percent. The award was handed over directly by the Chief Editor of Infobank, Eko B Supriyanto to the President Director of Taspen Life, Ibnu Hasyim at Hotel Indonesia Kempinski, Jakarta, Friday, July 26.

TASPEN's Corporate Secretary, Pudiastuti Citra Adi explained, this award is proof of TASPEN Group's dedication and hard work in seriously maintaining service quality and maintaining company performance.

"In addition, this achievement is the result of a solid collaboration between TASPEN and Taspen Life, as well as support from all stakeholders. TASPEN and all its subsidiaries will continue to be committed to improving the company's performance, in order to contribute optimally to the Indonesian economy," he said, in a written statement, Monday, July 29.

In 2023, TASPEN Life experienced an increase in performance by 13.61 percent compared to the previous year. In addition, at the same end of the year, TASPEN Life's solvency and profitability showed positive growth. This reflects the company's performance is very healthy so that TASPEN Life deserves the title SANGAT BAGUS for its 2023 performance from the Infobank Editor.

On the other hand, TASPEN Life also received another 'SANGAT BAGUS' predicate for the company's consistency in recording good performance for five consecutive years, namely as of December 2019-2023. In order to maintain professional service quality in fulfilling obligations to participants, TASPEN Life always prioritizes the principles of Good Corporate Governance (GCG) and caution seen from the GCG score in 2023 reaching 88.12.

"It is an honor for Taspen Life to be able to receive the awards given by Infobank in the 25th Insurance Award. During its 10 years of operation, Taspen Life continues to strive to improve the company's performance by innovating products, digitizing business processes, developing distribution channels, selective investment placement to strengthening good entrepreneurial governance in every aspect of its business. This award is a trigger for us to continue to provide optimal service for the participants," explained Ibnu Hasyim.

TASPEN's success in improving the company's performance, services to participants, and business quality is in line with the direction of the Minister of SOEs, Erick Thohir, who puts forward all state-owned companies to compete in supporting the nation's economic welfare through good performance and operations. TASPEN Group is targeted to always make the best contribution as SOEs engaged in the field of social security.