Energetic and friendly best describes Saiful Yazan bin Ahmad, who, since
June 2007, has been at the helm of PT Syarikat Takaful Indonesia (STI).
In the space of just a year as president director of STI,Indonesia's
first syariah insurance company, he has introduced changes and strategic
measures that have made the company shine.
The results of his efforts are easy to see. Last year the gross premium
income of the company, which was founded on Feb. 24, 1994, jumped by
47.7 percent to Rp 352.01 billion (about US$38 million), compared with
Rp 238.39 billion in gross premium income registered in 2006. This total
gross premium comes from the gross premiums of two subsidiaries, namely
PT Asuransi Takaful Keluarga (ATK), which contributed 71 percent or Rp
249.93 billion, and PT Asuransi Takaful Umum (ATU), which contributed
the remaining 29 percent or Rp 102.87 billion. The net profit of STI has
also risen by 22.5 percent, namely from Rp 8.01 billion in 2006 to Rp
9.81 billion in 2007.
The good news is that the total gross premium income of the company is above the growth of the insurance industry. That in itself is quite an achievement amid increasingly tougher competition in the insurance industry. This achievement marks the growth and development of the company and at the same time shows that the public, particularly the customers, place an increasing trust in STI as a pioneer in syariah insurance in Indonesia.