BRI Insurance Cooperation With Perumda Bogor Provides Micro Insurance Protection For Market Traders

Photo: Doc. Antara

JAKARTA - PT BRI Asuransi Indonesia (BRINS) or BRI Insurance in collaboration with the Pakuan Jaya Market (PPJ) Regional Public Company (Perumda) Bogor City to provide micro insurance protection for businesses for market traders.

BRI Insurance President Director Budi Legowo in a written statement, quoted by Antara in Jakarta, Wednesday, October 15, said that this collaboration aims to secure the future of micro, small and medium enterprises (MSMEs).

By establishing a strategic partnership with Perumda Pasar Jaya Pakuan Bogor, BRI Insurance hopes to support regional economic growth and resilience.

President Director of Pakuan Jaya Market, Bogor City, Jenal Abidin, said that the number of market traders under the auspices of PPJ currently reaches 8,000 people.

He supports this strategic step so that micro-enterprises can strengthen their own economic resilience, especially for entrepreneurs in the Bogor area.

Deputy Mayor of Bogor, Jenal Mutaqin, added that the signing of this collaboration is a good collaboration to support traders who are members of Perumda Pasar Pakuan Jaya, Bogor City.

With this collaboration, he hopes that traders can be more protected by insurance.

BRI Insurance posted a net profit of IDR 467 billion in the third quarter of 2025.

Profit margin was recorded at 15 percent and the results were underwriting 31.23 percent. Meanwhile, gross premiums were recorded at IDR 3.12 trillion.

In terms of portfolios, the property segment is the main contributor with a portion of 49.55 percent of the total premium income. The bancassurance and corporate channels that still dominate income.

Meanwhile, the micro and ultra micro segments showed strong growth of 10.30 percent, which contributed to an increase in profit. As of September 2025, micro insurance has contributed 23 percent of the total business portfolio.

The corporate segment recorded a solid growth of 15.62 percent. Budi believes this figure reflects the increasing confidence of industry players in BRI Insurance's capacity and protection services.