Take a Look at the Insurance Sector's Performance Through 2022

  

Avrist Assurance, a corporation that provides insurance, was able to bring in a total of Rp. 1.45 trillion in 2022. Compared to 2021 (Rp. 1.21 trillion), an increase of 20.36% YoY. Additionally, the net profit for 2022 increased by 8.75% to IDR 122 billion from IDR 112 billion in 2021.

This is a tangible example of how the Company's various 2022 strategic steps which include accelerating the adoption of digital insurance, growing the number of trustworthy insurance agents, fulfilling its commitment to continuously educate the public about insurance, and supporting all distribution channels have been put into action successfully.

Risk-based capital's capacity as of December 2022 From the Financial Services Authority's (OJK) minimum norm of 120%, Risk Based Capital (RBC) has increased to a level of 576.71%. means that the company is in strong financial standing and has a healthy degree of liquidity.

In addition, investment returns helped the Company's profit of IDR 604 billion, which increased 23.16% from IDR 491 billion in 2021. that the Company has placed the appropriate investment instruments.

Additionally, the Company was able to pay claims and benefits totaling IDR 520 billion in 2022, a decrease of 24.26% from 2021's IDR 686 billion. Avrist Assurance will receive an AA-(idn) Stable rating from Fitch Ratings in 2022 as a result of this performance.

"Avrist Assurance has demonstrated its dedication to becoming an example of a pioneering spirit that is part of the integrity of the Company throughout 2022. The President Director of PT Avrist Assurance, Simon Imanto, stated, "In addition to developing and providing insurance products and services to every family, we also encourage convenience and affordability of access to insurance, while actively engaging in practices that actively uphold high awareness and discipline.

Simon also went over the company's 2023 strategic plan's four pillars: smart business management, extending and enhancing distribution capabilities, developing with a focus on customers' basic needs, and expanding and empowering Human Resources.

These four pillars are built around the corporate fundamental values of Integrity, People Focus, Professionalism, Agility, and Forward Thinking.

The accomplishments of the Company, in the opinion of Ian Ferdinan Natapradja, Director of Finance, PT Avrist Assurance, are a great incentive to keep enhancing the company's financial performance.

"We succeeded in optimizing and effectiveness in using operational costs, and we also succeeded in managing investments well so as to make a very positive contribution to the company's profit," he stated.

Meanwhile, from the perspective of risk management, we improve data analysis, closely monitor insurance-related risks, and diversify products by creating new insurance products or increasing the scope of existing insurance products. All of these have helped the business's income grow, he continued.