About Asuransi MAG
Asuransi MAG innovates to answer Your protection needs.
Established on 14th November 1980, the company has established its presence in the Indonesian insurance market and has grown into one of the largest insurance companies in the country. With a 43 year history of business operations the company never stops to innovate to answer the customer’s needs for protection. We provide a range of products and solutions with value added services. The company is committed to good business operations by practicing the highest principles of Good Corporate Governance.
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1980
The Company began its operations as a business entity providing general insurance. The head office was in Surabaya in the initial period.
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1983
In cooperation with the Red Shield Co. Ltd., Singapore, the Company began to market group health Insurance products. It was a major step forward taken by the Company since only a few insurance companies sold health insurance then.
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1994
As the company’s business increased, with an eye to improve service to customers’, the Company decided to move its headquarters to Jakarta and Surabaya became a branch office.
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2005
In December, the company was listed on the Jakarta Stock Exchange as a Public company with the trading name AMAG. The Company’s initiative to conduct an initial limited public offering was intended to strengthen the working capital requirements to improve the Company’s performance.
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2008
The representative offices in Makassar, Medan and Palembang were added so that services to the customers could become faster in terms of risks acceptance and claims handling.
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2011
To strengthen the capital structure in order to support future business activities, the Company held a Rights Issue I or Limited Public Offering I (LPO I) to the Shareholders for the purpose of the issuance of Preemptive Rights on October 10 - 21, 2011.
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2014
On February 27th 2014 the Company officially inaugurated its new Head Office at the 17th floor, The City Center Batavia, Tower One, Jalan K.H. Mas Mansyur Kav. 126, Jakarta
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2015
After obtaining an approval from the Financial Services Authority, on June 15th 2015, the company merged with PT Panin Insurance, which was authorized by the Extraordinary General Meeting of Shareholders.
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2016
On October 10th 2016, Fairfax Financial Holdings Limited officially acquired 80% of the Company’s controlling stake through its subsidiary, Fairfax Asia Limited. To meet the provision of a single presence policy, PT Fairfax Insurance Indonesia, with its 80% of shares owned by Fairfax Asia Limited transferred its business portfolio to the Company on December 31st 2016.
Company Values
1ntegrity
Honesty and integrity are essential in all our relationships and will never be compromised.
Teamwork
We are team players – no “egos”.
Excellence
We would like to set high standards.
Achievement Oriented
We are results oriented.
Moving Forward
We always look at new opportunities to grow or improve.
Appreciation
Our diligence and work performance have yielded a satisfying result. It has been proven with the achievements that the Company has successfully made. The support provided by our customers, business partners and stakeholders has strengthened our efforts to continue growing, advancing and developing with you.
The company was again honored as General Insurance Market Leaders 2024 in the Market Leader Award 20
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The company won an award in the Infobank Insurance Award 2024, as the Excellent Performance General
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The company won an award at the 13rd Digital Brand Awards event held by Infobank as The 2nd Best Con
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The company received an award as General Insurance Market Leaders 2023 in the event Market Leader Aw
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The company won an award at the 12th Digital Brand Awards event, Infobank as The Best Conventional G
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The company received an award as the Best Performing General Insurance 2022 Based on Financial Perfo
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The company received an award as Best General Insurance 2022 in the Insurance Award by Media Asurans
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The company received an award as General Insurance Market Leaders 2022 in the event Market Leader Aw
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