PT Asuransi Kredit Indonesia
InsuranceJakarta, Indonesia501-1000 Employees
PT Asuransi Kredit Indonesia, or Askrindo, is a state-owned insurer in Indonesia that provides insurance and credit guarantees. Its primary role is to support economic development by guaranteeing bank loans to micro, small, and medium enterprises (UMKM), helping these businesses obtain financing and mitigating lending risk. The company is based in Jakarta and was founded in 1971 under government regulation to empower UMKM as part of the country’s broader development goals. Since March 2020, it has operated under the Indonesia Financial Group (IFG), the holding company for state-owned insurance and guarantee entities. In the Indonesian insurance and guarantee sector, Askrindo positions itself as a public-sector participant focused on enabling lending to UMKM and sustaining economic activity through risk mitigation for lenders. Recent development: In August 2024, Askrindo announced partnerships with DataOn Corp. and DataOn Humanica to implement SunFish Workplaze for human resources operations.