Tugu Insurance wins Best Sharia Finance 2023

Jakarta – The Sharia Business Unit of PT Asuransi Tugu Pratama Indonesia Tbk (Tugu Insurance) won an award at the Indonesia Sharia Finance Awards 2023 organized by Warta Ekonomi. In this event, Tugu Insurance won an award in the category of Indonesia Best Sharia Finance 2023 with Outstanding Comprehensive Sharia Insurance Products Availability for Various Market Segmentation.

The event, which raised the theme Enhancing Islamic Financial Development Strategy in Digital Transformation Era, focused on stronger Islamic financial development strategies in the digital transformation era. The success achieved cannot be separated from the performance of Tugu Insurance with product and service innovations that continue to be carried out, especially in the sharia business segment by utilizing digital technology.

The Indonesia Sharia Finance Awards 2023 were given to 55 financial companies in the categories of sharia banks, sharia commercial banks, sharia rural banks, sharia general insurance, sharia life insurance, sharia business units in life insurance, sharia business units in general insurance, sharia multifinance, sharia business units in multifinance, digital technology services, and financial services.

With the widespread penetration of sharia economic literacy, advances in digital technology and considering that Islam is the religion of the majority of the population in the country has had a significant impact on the business development of the sharia financial services sector in Indonesia. Tatang Nurhidayat, President Director of Tugu Insurance explained that the rapid development in the sharia economic ecosystem also had a positive impact on the performance of the Tugu Insurance Sharia Business Unit.

“Sharia general insurance is important for consumers who want to have insurance products based on the sharia economy. Insurance companies that have sharia units must fulfill the sharia principles set by the National Sharia Council of the Indonesian Ulema Council (DSN MUI), and to guarantee and ensure insurance in accordance with sharia, insurance companies are required to have a Sharia Supervisory Board, “explained Tatang.

“So far we have a wide selection of insurance products with sharia schemes, including; motor vehicle insurance that provides protection for cars (t_drive sharia) and motorcycles (t_ride sharia), property insurance (t_property sharia), travel insurance / Umrah / Hajj, (t travela sharia), personal accident insurance (t_protect sharia), TPI Sharia Micro insurance, Cash In Transit & Cash In Safe insurance, burglary insurance, engineering insurance, marine cargo & hull insurance, public liability insurance, etc.” added Tatang.

“We believe that the appreciation achieved by the Tugu Insurance Sharia Business Unit in the Indonesia Sharia Finance Awards 2023 is the sweet fruit of a commitment to continue to actively participate in the development of the Islamic economic ecosystem in the country through a wide selection of products and services that are able to answer the needs of customers from both the retail and corporate segments,” concluded Tatang.


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