Sahabat Insurance Share Kindness Through a Ramadhan Blessings activity

Terakhir Diubah : 02:30:52 - Friday, 14 March 2025

Holy Month Ramadan, Sahabat Insurance share kindness through a Ramadhan blessings activity. Sahabat Insurance Banjarmasin partnering with Paguyuban Otomotif Sampit to support the renovation of the Wudu and washroom area at the Raudah Salafiyah Islamic Boarding School, which was completed on Friday, March 7, 2025. This program was part of the Company’s Social Responsibility (CSR) program.

On Thursday, March 13 2025, Sahabat Insurance Banjarmasin with Paguyuban Otomotif Sampit carried out a breaking fast event which was held at the Raudah Salafiyah Islamic boarding school, Sampit, Central Borneo.

In 2024, during the momentum of Ramadan, the Sampit Automotive Association also helped donate the digging of a 75-meter deep well, the construction of pipelines and a water reservoir which cost Rp35 million.

(source: radarsampit.jawapos.com )

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5 Tips for Millennial Home Buyers

As true millennials, of course you want to have a home so that you have a bright future with your family.
So if you’re a millennial looking to buy a house, here are five things you can do to make As true millennials, of course you want to have a home so that you have a bright future with your family. Here are some steps you can take to make your dream come true.

1. Check financial ability
First, prepare a balance sheet including income and expenses.

2. Create a budget
Do some research and learn about several possible ways to pay for a house other than the cash payment method. For example mortgages, or by other methods.

3. Set priorities
From an existing financial plan, make priorities so you can focus on one thing. For example, you plan to take a mortgage. So, your first focus is to fulfill the downpayment first.

4. Investment
Investment can help to develop assets against inflation. For example, for a house down payment, set aside 30% of your salary to the appropriate investment instrument. Over time, with consistency, the budget for a home down payment will be fulfilled properly.
Investment can also be an alternative choice for saving emergency funds. You can save this emergency fund in an instrument with a low level of risk.
In addition to an emergency fund, pay attention to insurance, if you are the head of the family. So, make sure that you have complete protection first, then execute your financial plan.

5. Discipline
The discipline to implement a detailed and comprehensive financial plan is very important. For example, keeping your installments under 30% of your regular salary if you take a mortgage scheme is crucial.

Note that 30% includes all existing debt repayments. So, if your main intention is to buy a house, then you should focus on this plan first.

In addition, plans to buy a house require a long-term disciplined commitment. Therefore, start being disciplined in executing your financial plan. With some of the tips above, you can try to realize your dream of buying a house. Good luck!

Source: https://mediakeuangan.kemenkeu.go.id

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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

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Sahabat Insurance received Infobank 26th Insurance Award

Jakarta, August 1, 2025 - Sahabat Insurance received the Golden Champion Award - General Insurance with Consistent Excellent Performance For 5 Consecutive Years (2020-2024) and The Excellent Performance General Insurance Company (Equity Class IDR 250 billion to < IDR 500 billion) Award with an "Excellence" rating at the Infobank 26th Insurance Award held at the Kempinski Grand Ballroom, Jakarta.

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Safety Tips for Driving in The Rain

Driving in rain, whether a sprinkle or a heavy downpour, can be one of the most difficult driving situations a driver encounters. Rainy conditions are directly associated with higher accident rates. Things To Know Before You Start Driving In The Rain:

Turn on your headlights not your hazard lights. Turning on the hazard lights during heavy rain will confuse other vehicles behind you, especially if you are at an intersection.
Break through puddles or flooded areas. Water may enter the engine and damage your vehicle. The hole or drain may not be visible in the puddle. Avoid breaking through flooded areas.
Traffic accidents are often caused by ignorance, violating traffic due to rain may result in accidents with other road users.
Slow down ! Not only should you adhere to the posted speed limit when driving in wet weather conditions, you should drive considerably slower than you normally would. Wet roads are very dangerous.
Avoid heavy braking, try to slow your vehicle by taking your foot off the accelerator earlier than you normally would in preparation to slow down or stop. Don’t use cruise control so your attention on using both the gas and brake are in tune.

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