Indonesia Expands State Asset Insurance Coverage Through Pooling Fund

Enhanced Protection for National Assets

The Financial Services Authority (OJK) has revealed that 70 state assets are currently covered under the State-Owned Asset Insurance (ABMN) program, with a total insured value of Rp397.69 billion. This insurance scheme operates through a Pooling Fund for Disasters (PFB) mechanism, representing a collaborative effort between the government and the insurance industry to strengthen disaster risk protection.

Funding Mechanism and Future Expansion

The insurance premiums are primarily sourced from the national budget (APBN) and regional budgets (APBD). Starting late 2025, additional funding will be channeled through the Environmental Fund Management Agency (BPDLH), potentially enhancing the program's capacity to cover more state assets. Currently, assets worth Rp61 trillion are protected, with an additional Rp30 trillion coverage added through the PFB scheme.

Significance of the Expanded Coverage

The expansion of the ABMN program is a significant step in protecting national assets against potential disasters. The total value of state assets that could be covered is substantial, with the Ministry of Finance indicating that assets across sectors like education, health, and government offices amount to approximately Rp250 trillion. The enhanced insurance coverage is expected to provide greater financial resilience against natural disasters and other risks.