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Surety Bond

Suretyship is an agreement where by a party (called the surety company) guarantees the performance by another party (called the principal) of an undertaking in favor of a third party (called the obligee) in relation to the principal contract between the obligor and the obligee.

Type of Surety Bond :

  1. Bid Bond
  2. Performance Bond
  3. Advance Payment Bond
  4. Maintenance Bond
  5. Supply Contract Bond

A BRIEF COMPANY'S HISTORY


PT. VIDEI General Insurance, which was named FADENT MAHKOTA SAHID, established in March 17, 1975. During our business activities, VIDEI Insurance has served various type of general insurance, such as fire insurance, suretyship, vehicles, personal accident, liability, engineering, industrial/ property risks, oil and gas, marine cargo, marine hull, etc.
Our company also has experience in dealing with settlement claims including complex technical that causes great amount of losses, in order to maintain customer loyalty.
Enhancing our customer loyality has become our company aim in order to boost sustainable growth of VIDEI, through :

  1. Developing and maintaining an appropriate level of expertise and experiences key executives as the company grows in size and complexity.
  2. Implementing the prudent underwriting policy and a strong system of internal control.
  3. Developing an internal capital adequacy asessment process, through which to ensure that the company has adequate capital to support all the risks and liabilities and to set capital target that appropriate for the companys risk profile and control environment.
  4. Reviewing how strategy is progressing in the prevailing economic circumlances and any strategic changes that could benefit to the company.

By standing steady on that, VIDEI Insurance is expected that be able to keep sustainable growth in the dynamic market competition and risk-based regulation. This expectation is proven by our premium revenue and profit which are constantly growing and also high RBC (Risk Based Capital) indicates that VIDEI Insurance has strong financial condition.  We are known and listed as an insurer to government's banks, state-own-enterprise, and several private companies.
We operates in 30 major cities in Java, Bali, Sumatra, Kalimantan, Sulawesi and Papua Barat through the networks of our branch and representative offices which is completed with supporting facilities in order to serve our customers.
Since June 12, 2009 The company name, has been changed to be "Uberrimae Videi" or "Utmost Good faith", in broad term generally, has become company fundamental behavior or internal governance guidelines in operating our business activities. Therefore, we believe that Videi Insurance growth depends on our innovation in maintaining customer loyalty.

Financial Highlights

FINANCIAL HIGHLIGHTS

 

( Rp. 1,000,000 except RBC )

 

Q4-2017

Q3-2017

Q2-2017

Q1-2017

Q4-2016

1. Gross Written Premium
76,520.38
56,468.73
35,600.99
17,335.10
75,536.14
2. Underwriting Result 37,923.38 27,265.67
16,682.89
6,375.83
35,657.60
3. Net Profit (Loss) 6,404.58 4,009.65 2,417.57 748.29
10,236.28
4. Equity 124,870.23
123,708.42
122,484.69
120,469.94
119,871.30
5. Operating Expenses 34,256.10
24,935.00
15,408.57
6,573.01
28,638.63
6. Investment 90,368.67 89,397.81 88,763.07
91,854.19
94,654.19
7. Total Assets
161,910.24
159,084.71
162,536.20
169,838.62
160,633.53
8. R B C
1,030.29%
1,003.00%
996.68%
831.49%
919.01%
           
Share Holders  :          
1. PT. Piramida Bangun Citra   54%      
2. Jafar Siddik Siregar, SE. As   23%      
3. Kasmin Pasaribu, SE. MM. AAIK. ICBU. QIP 23%    

Human Resources

HUMAN RESOURCES

PT. Asuransi Umum Videi has 175 employees, most of them are competent in that all aspect of work performance that encompasses the recruitment to efficiently: perform individual task, manage a number of different task, respond to irregularities and breakdown in routine, deal with the responsibilities and expectations of work environment and teams. Qualified certification holder for insurance from reputable insurance institutes including : Asosiasi Ahli Management Asuransi Indonesia (AAMAI), BSMR, Specialist Staff in Tariff and Customs Code of RI, AKASTRI, Lembaga Pendidikan Asuransi (LPAI) and Jakarta Insurance Institute (JII).

To meet the need to be able to do and market requirement, key executives and operational staff of the company continue to update the critical insurance knowledge, essential skill, performance criteria include and not limited to the product know-how, business processing and operational management by attending training and short courses.

 

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Contact US

Head Office

Graha Mustika Ratu Lt. 1, Jln. Jend. Gatot Subroto Kav 74-75, Jakarta Selatan 12870.

Telp. : (021) 8370 9055 & (021) 830 6575

FAX. : (021) 830 6620 & (021) 830 6741

Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

 
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