Asuransi Asei is a subsidiary of the state-owned company PT Reasuransi Indonesia Utama (Persero), which was previously known as PT Asuransi Export Indonesia (Persero). Asuransi Asei was established on October 9, 2014 based on the Decree of the Minister of Law and Human Rights of the Republic of Indonesia Number AHU-29156.40.10.2014 dated October 13, 2014. The formation of Asuransi Asei is the result of a spin off from the insurance and reinsurance business of PT Asuransi Export Indonesia (Persero) according to the letter of the Financial Services Authority Number KEP-121/D.05/2014 dated October 21, 2014, and the letter from the Ministry of SOEs Number S-07/MBU/2014 dated January 8, 2014 regarding the transformation of PT Asuransi Export Indonesia (Persero) into a Reinsurance BUMN.