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20230912_BTPN_Laporan Informasi dan Fakta Material_31409826_lamp3.pdf
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PRESS RELEASE
For Immediate Release
Great Eastern General Insurance Indonesia
Expand Retail Market in Collaboration with Bank BTPN
Jakarta, September 12, 2023 – Indonesia's economic activity is starting to rise again. The Central Bureau of Statistics
recorded economic growth in the second quarter at 5.17%. The return to normal mobility encouraged public consumption
which grew by 5.23%.
Economic conditions that have begun to improve are the momentum for Great Eastern General Insurance Indonesia (GEGI)
to expand its business in the retail sector. One of them is by focusing on developing distribution channels through the
bancassurance segment. Therefore, GEGI continues to add collaborations with several banks in the country. Most recently,
GEGI collaborated with PT Bank BTPN Tbk (Bank BTPN) as a new bancassurance distribution partner.
The collaboration was marked by the signing of a cooperation agreement attended by Mr. Jeffrey Tjoeng, Head of Business
Banking of BPTN Bank, and Ms. Linggawati Tok as Marketing Director of GEGI. Linggawati hopes that through this
collaboration, GEGI can reach bank and insurance product services simultaneously, so GEGI can meet the demand and needs
of all micro, small and medium enterprises (SMEs) to various regions throughout Indonesia.
"In the future, GEGI is committed to continue prroviding innovative products in order to serve the needs of the wider
community," said Linggawati.
In line with Linggawati, Jeffrey said this collaboration will make a significant change, both for GEGI Bank BTPN customers.
"Bank BTPN is committed to continuing serving customers from various segments to meet their financial needs. The
collaboration also proves our participation in the government's program to achieve sustainable development goals by
supporting the growth of small and medium enterprises in Indonesia," said Jeffrey.
The synergy between GEGI and Bank BTPN begins with six products, namely industrial all risk insurance, earthquake
insurance, marine cargo insurance, motor vehicle insurance, contractor all risks insurance, and contractor's plants and
machinery insurance. These products are specifically for BTPN customers who need to protect their businesses and assets.
Customers can access these insurance products through loans or credit at Bank BTPN. If they want to collateralize or finance
their property, Bank BTPN will offer GEGI insurance to protect their assets. "We hope that our partnership with Bank BTPN
can free our customers from worry and fear about their mortgaged assets," said Linggawati.
Supported by BTPN's Bank branch network and extensive customer reach, GEGI believes the partnership will strengthen its
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commitment to serving the needs of its customers and the people of Indonesia.
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About Great Eastern General Insurance Indonesia
PT Great Eastern General Insurance Indonesia is majority owned by the Great Eastern Group and PT. Suryasono Sentosa. Great Eastern
Group is a member of the OCBC Bank group, the longest established Singapore bank. The group financial strength and credit ratings is
“AA-” by Standard and Poor’s. PT Great Eastern General Insurance Indonesia provides comprehensive general insurance products for both
corporate and personal insurance needs through a network of branch, marketing and sales offices located throughout the country that
supports products through bancassurance, agents, brokers and direct channels. We are committed to providing our customers innovative
products and services to meet their varying needs offering everything from basic covers to more complex insurance solutions for Marine,
Engineering and Construction, Property, Motor, and Liability classes and other general insurance needs.
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion
in assets and more than 15 million policyholders, it provides insurance solutions to customers through three successful distribution
channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in
Indonesia and Brunei. Great Eastern is a subsidiary of OCBC Bank, the longest established Singapore bank, formed in 1932. It is the second
largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from
Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability.
Bank BTPN in brief
PT Bank BTPN Tbk (Bank BTPN) is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN)
and PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. Bank BTPN serves various segments in the banking industry, from
retail to corporate customers, including retirees, micro-, small- and medium-sized enterprises (MSME) and productive, pre-prosperous
communities; the consuming class segment; and the corporate segment. Bank BTPN provides the services through business units, such
as BTPN Sinaya—a business unit for wealth management, BTPN Purna Bakti—a business serving retirees, BTPN Micro Business—a
business unit serving micro businesses, BTPN SME—a business serving small- and medium-sized enterprises, Jenius—a digital banking
platform serving the consuming class segment, and the corporate business unit, which serves national, multinational, and Japanese
companies. Bank BTPN also has a subsidiary, namely PT Bank BTPN Syariah Tbk, which focuses on serving customers from the mass
market. Bank BTPN also regularly provides training sessions and information for customers through the Daya Program—a sustainable and
measurable empowerment program—to improve customers’ capacity so they can grow and have a chance to live better.
For more information, please contact:
PT Great Eastern General Insurance Indonesia PT Bank BTPN Tbk
Gerda Silalahi - Head of Brand & Communications Andrie Darusman – Communications & Daya Head
Email: gerda.silalahi@greateasterngeneral.com Email: andrie.darusman@btpn.com or
corporate.communications@btpn.com
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