Appreciating The Support Of Commission VI Of The DPR RI, IFG Continues Strategic Initiatives For Sustainable Growth

IFG President Director Hexana Tri Sasongko. (Photo: Doc. IFG)

JAKARTA - Indonesia Financial Group (IFG), Holding BUMN Insurance, Guarantee, and Investment are committed to continuing to grow positively by continuing various strategic initiatives carried out over five years through collaboration with all stakeholders, including Commission VI of the DPR RI.

These strategic initiatives include improving governance, centralizing business processes, strengthening human resources, and implementing mandates from government assignments.

This came from the presentation conveyed by IFG President Director Hexana Tri Sasongko in the RDP with Commission VI of the DPR RI, in Jakarta, on Tuesday 17 September. The RDP is the last RDP IFG with Commission VI of the DPR RI for the 2019-2024 period.

"We really appreciate and thank the House of Representatives Commission VI, which has been a strategic partner in supporting the transformation initiatives carried out by IFG and its ecosystem to strengthen the insurance, guarantee and investment industry," said Hexana.

Hexana explained, in order to maintain healthy and sustainable growth, his party is making integrated governance improvements (GCG) for IFG and all Holding Members, which have increased every year over the past three years.

IFG and its holding members continue to strengthen integrated Risk Management (MR), so that the implementation of risk management within the scope of IFG conglomerates becomes more mature.

Our mitigating applies intensively to the implementation of risk management in the IFG ecosystem, including carrying out strict underwriting processes and careful business and calculations. These governance improvements also include improved balance sheet, which is reflected in financial reports that show the company's actual condition," he said.

Hexana added that the improvement in governance felt the impact on the efficiency achieved due to the holding. He gave an example, efficiency in all joint procurement processes during the 2021-2023 period which reached 13 percent so that IFG together with Holding Members could save approximately IDR 39.8 billion.

Meanwhile, in terms of strengthening human resources, IFG together with all Holding Members build fundamentals of human resource quality through the establishment of IFG Corporate University, training and certification programs, as well as talent mobility to prepare succession and answer current needs.

In terms of ensuring the sustainability of the KUR guarantee program, IFG has proposed an additional State Equity Participation (PMN) of a total of IDR 3 trillion.

IFG through IFG Life has also completed the restructuring of Jiwasraya reaching 99.9 percent of customers and has paid claims of IDR 15.5 trillion from 163,903 policies.

"We continue to hope to get support from Commission VI of the DPR, especially in terms of strengthening capital in carrying out KUR guarantee assignments for SMEs," he said.

Deputy Chairman of Commission VI of the Indonesian House of Representatives from the PDI-P Aria Bima said the implementation of the strict GCG principle of IFG has been seen from the performance achieved by IFG for five years. This is a positive foundation for sustainable business transformation so that IFG can continue to contribute to the country.

"We hope that IFG will not only become the largest company in Indonesia, but also in Southeast Asia by implementing strategic steps, especially the development of comprehensive and innovative service products, including for future digital products," he stressed.