In order to encourage national export growth, the Indonesian Export Financing Agency (LPEI)/Indonesia Eximbank continues to make strategic efforts, including by conducting various collaborations between institutions.
The signing of the Memorandum of Understanding for Cooperation in Marketing of Trade Credit Insurance (TCI) products with insurance broker PT Bringin Sejahtera Makmur (Brisma) which is a subsidiary of the Bank Rakyat Indonesia Pension Fund (BRI) is a manifestation of LPEI’s commitment to carry out one of its four mandates, namely insurance.
The signing of the collaboration from the LPEI was carried out by the Managing Director for Business Development, Maqin U. Norhadi and the Managing Director for Finance and Operations, Agus Windiarto.
and the President Director of Brisma, Noroyono at the LPEI Head Office witnessed by the Executive Director of the LPEI, Rijani Tirtoso today.
This collaboration, which aims to increase access to marketing of LPEI’s Trade Credit Insurance insurance products, will also help Indonesian business actors/exporters to provide a sense of security in conducting export transactions.
LPEI Executive Director, Rijani Tirtoso explained that one of the mandates it has to encourage national exports is export insurance.
“Our Trade Credit Insurance product functions to cover the risk of default by buyers, so this product is considered very useful to increase the confidence level of debtors or exporters and of course banks, especially in penetrating certain destination countries and buyers,” Rijani said in a statement. his welcome.
The scope of this collaboration, apart from marketing LPEI TCI Insurance Products to debtors/exporters, Brisma can also market to banks, especially in providing AR Financing facilities and/or other working capital loans.
So it is hoped that exporters can expand new markets without feeling anxious. The appreciation was conveyed by the President Director of Brisma, Noroyono to LPEI.
“It is an honor for us to be able to work with LPEI so that we hope to be a good partner in supporting the LPEI’s mandate to encourage national exports,” said Noroyono.
As the Special Mission Vehicle of the Ministry of Finance of the Republic of Indonesia, LPEI has a role to increase national exports in the form of providing financing, guarantee, insurance and consulting services.
The export insurance facilities provided are expected to support Indonesian exporters to expand optimally, with more mitigated risks.
The support for export insurance facilities provided by LPEI is a tangible form of the State being present in supporting improving national export performance so that it will improve and on the other hand it can provide protection and security for Indonesian business actors in carrying out export transactions.
