Eid Al Fitr Holiday Announcement

Terakhir Diubah : 14:00:40 - Friday, 22 April 2022

Dear Customer,
Thank you for being our valued customer.
Following government regulation about National Holiday on Eid Al Fitr 1443 H
We will be closed from April 29 until May 6, 2022.

We will open on May 9, 2022.

Don’t worry! For claim and services please call
Sahabat Insurance Customer Care 021-50508080

Berita Lainnya

Fitch Assigns Sahabat Insurance First-Time National IFS Rating of A(idn)

Fitch Ratings - Jakarta - 12 Mar 2026: Fitch Ratings Indonesia has assigned PT Asuransi Sahabat Artha Proteksi (Sahabat Insurance) a National Insurer Financial Strength (IFS) Rating of 'A(idn)'. The Outlook is Stable.
The rating reflects a 'Moderate' company profile and stable profitability, which are offset by its lower regulatory capital ratio than peers. The rating also reflects a conservative investment approach and domestic reinsurance coverage.
'A' National IFS ratings denote a strong capacity to meet policyholder obligations relative to all other obligations or issuers in the same country or monetary union, across all industries and obligation types
KEY RATING DRIVERS
'Moderate' Company Profile: Fitch assesses Sahabat Insurance's profile based on a 'Moderate' business profile and 'Neutral' corporate governance compared with other domestic insurers. The insurer, established in 1996, was known as PT Bess Central Insurance from 2011, and changed its name to Sahabat Insurance in 2020. Sahabat Insurance's market share is small, with 0.5% of gross premiums written (GPW) in the Indonesian non-life industry in 2024.
Sahabat Insurance's main businesses are motor insurance, at 76% of total GPW in 2025, and property at 10%. It mostly sources business from leasing companies (66%), followed by brokers (13%) and the direct channel (13%).
Lower Regulatory Capital Ratio: Sahabat Insurance's regulatory risk-based capital ratio fell to 188% by end-2025 from 203% at end-2024, driven by a rise in premium reserves due to premium growth. This was well below the industry average of above 300%. Equity capital rose on surplus growth, to IDR345 billion from IDR296 billion. It estimates that the implementation of the new accounting standard PSAK 117, the local equivalent of IFRS 17, will lower equity, which would remain above the new equity requirement of IDR250 billion in 2026.
Stable Operating Performance: Operating performance has been stable over the past three years. The insurer booked 7% GPW growth in 2025, after an 8% decline in 2024. Nonetheless, it has maintained an underwriting profit for at least the past three years. The 'combined ratio' increased slightly to 96% in 2025, from 93% in 2024, due to higher premium reserves arising from premium growth in motor and fire. The three-year average combined ratio was 94% over 2023-2025.
Net income rose to IDR48 billion in 2025, from IDR38 billion in 2024, on higher investment income following a shift in its investment mix. Return on equity increased to 15% in 2025 (2024: 14%), which was high relative to peers, with a three-year average of 14% over 2023-2025.
Conservative Investment Portfolio: The investment portfolio is conservative and liquid, with around 74% of total invested assets placed in cash and time deposits, followed by fixed-income securities of 25% and a small portion of stock. Fixed-income securities comprise only government bonds, after the insurer shifted its investment allocation from mutual funds in 2025. Exposure to 'risky assets' is kept at a manageable level relative to equity.
Domestic Reinsurers Dominate: Sahabat Insurance cedes a portion of its premiums through proportional, non-proportional and excess-of-loss reinsurance treaties to mitigate catastrophe risks. Its reinsurance treaties are primarily with domestic reinsurers. Exposure of the capital base to reinsurance recoverables was low compared with peers, at 37% at end-2025. The premium retention ratio - net premiums written to GPW - was high, at 81% (2024: 85%), as it retains most of the premiums from its motor vehicle business.
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade
- Weakening capitalisation, with regulatory risk-based capital ratio persistently below 180%.
- Deterioration in financial performance, with the combined ratio above 105%.
Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade
- Stronger capitalisation, with regulatory risk-based capital ratio persistently above 250%.
- Consistent improvement in the company profile, including a larger market franchise and diversification of business lines.
DATE OF RELEVANT COMMITTEE
04 March 2026
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING
The principal sources of information used in the analysis are described in the Applicable Criteria.
Source: https://www.fitchratings.com/research/insurance/fitch-assigns-sahabat-insurance-first-time-national-ifs-rating-of-a-idn-outlook-stable-12-03-2026

Baca Selengkapnya

How to Have a Super Productive Weekend

You probably spend your majority of your weekend, sitting or sleeping. That's why changing the types of activities you do on weekends can play a big role in both your level of happiness and productivity.Check out the following tips from Sahabat Insurance:

Try New Food Recipes
If you like cooking, this activity is really fun. Try new recipes that the whole family can do. Remember! you should never leave your stove unattended while in use. Think of your stove as an active cooking device. When in use, you should be actively tending to whatever it is you're cooking.

Repairing and cleaning the House
You can check and check the condition of the house, for example replacing a broken lamp, fixing a leaky roof or changing the color of your peeling wall paint, cleaning up piles of unused items. Cleaning the house is a trivial but very useful activity, your house is more comfortable to live in if it is clean and safe.

Make a Travel Journal
If you are an adventurer who is "on leave" traveling due to the pandemic, you can keep a journal of the trips you have done. You can make a vlog or post it on social media that might be useful for others. If you have photos, you can print them out and create your travel albums.

Fix the vehicle
Wash the car or just check the condition of the vehicle during the holidays. Check the oil or air pressure in the vehicle tires. Vehicles that have not been used for a long time and are parked in the garage for a long time can become damaged. Start the engine and clean the vehicle as a spare time filler.

Call 021-50508080 for motor vehicle, home, travel and other insurance information.

Baca Selengkapnya

How Often Should You Change Engine Oil?

Baca Selengkapnya

Sahabat Insurance Workshop with Insurance Broker Partners

On Wednesday, October 22, 2025, Sahabat Insurance successfully held an exclusive workshop at our Head Office, focusing on the theme: “Study Case Claim Marine Cargo" with Sisfairy (Senior Surveyor, from PT. Asuka Bahari Nusantara)

The event was designed to enhance brokers’ understanding of marine cargo claim processes and risk mitigation strategies through interactive discussions and real-world case studies.
This collaborative forum served as a platform to exchange insights, strengthen professional competence, and build stronger synergy in delivering the best insurance services to clients.

Baca Selengkapnya