Maruly Octavianus Sinaga
Insurance, Reinsurance And Insure Tech Professional
Jl. Kerinci Blok A2 No. 17-18. Kompleks Cibubur Indah. Ciracas. Cibubur
Summary
Experienced director and founder with a proven track record in the insurance and reinsurance industry. Skilled in negotiation, business planning, analytics, property and casualty insurance, and banking. Possess extensive experience in both reinsurance broking and direct broking. Holds a Master of Finance degree focused on finance from the Royal Melbourne Institute of Technology (RMIT) in Australia. Strong foundation in insurance knowledge from Deakin University and fellowship qualifications from ANZIIF. Also a Fellow CIP from the Australian & New Zealand Insurance Institute and Finance (ANZIIF) and a QRGP (Qualified Risk Governance Professional). Holds Level 5 & 6 Sertifikat Kompetensi Pialang Asuransi from Badan Nasional Sertifikasi Profesi. Completed courses in FinTech: Innovation and Transformation in Financial Services from the National University of Singapore and Digital Disruption: Digital Transformation Strategies from Cambridge Judge Business School to further enhance skills.
Overview
26
26
years of professional experience
10
10
years of post-secondary education
5
5
Certifications
Work History
President Director
PT Buana Jasa Pratama
10.2022 - Current
- As the President Director of a digital broking company, the role provides strategic leadership to define and execute the company’s vision and business strategies, with a strong focus on leveraging technology to drive innovation and operational excellence
- Responsibilities include overseeing all aspects of the organization, including digital transformation, business planning, client and partner relations, financial management, and compliance with industry regulations
- The position emphasizes building strong relationships with clients and insurance carriers, negotiating competitive terms, and delivering cutting-edge, customer-centric solutions to enhance satisfaction and loyalty
- Leadership of a high-performing team is critical, fostering a culture of digital innovation, accountability, and collaboration while integrating advanced insurtech solutions to streamline operations, improve client experiences, and enhance data-driven decision-making
- Additional duties include managing company performance, driving the adoption of digital tools, overseeing risk management strategies, and representing the organization in industry forums to maintain competitive positioning and achieve growth objectives
Founder
PT Arkana Advance Technology
04.2022 - Current
- Company Overview: Visionary founder of a cutting-edge insurtech startup, driving innovation in insurance solutions through technology and data-driven strategies
- Visionary founder of a cutting-edge insurtech startup, driving innovation in insurance solutions through technology and data-driven strategies
Director of Compliance and Risk Management
PT Asuransi Tugu Pratama Indonesia, Tbk
07.2020 - 04.2022
- Delivered subject matter expertise for internal and external customers on compliance best practices and quality control
- Oversee Business Processes and Product Management along with Actuarial need of overall operation of company
- Maintained effective working relationships with regulatory authorities and customers
- Supported marketing team in review and submission of regulatory articles and newsletters
- Managed compliance efforts, reporting and audits
- Collaborated with all functions of the operation to develop and implement code of business and ethics and anti-fraud policies and related personnel training
- Formulated detailed recommendations based on audit findings to support annual planning and definition of goals
- Kept new and modified products and services in conformance with security and compliance regulations
- Defined and developed policies and procedures for consumer reporting and privacy practices
- Managed quality programs to reduce overdue compliance activities
- Prepared and presented comprehensive reports to upper management and audit team, covering issues and recommendations
- Collaborated with all functions with product management department
- Overseeing actuarial activities of the company
- Overseeing business process of the company to be aligned with company business model
President Director
PT Willis Reinsurance Brokers Indonesia
09.2015 - 07.2020
- Establish and expanding the operation of Willis Re Ltd in Indonesia
- Focused teams on developing innovative and cutting-edge approaches with effective resource allocation and strategic planning
- Reinsurance activities including placement coordination with other Willis Re's offices in Asia region and London HQ
- Growth Facultative operation with 20% revenue from Indonesia
- Growth Treaty portfolio with 10% revenue from Indonesia
Regional Director of Treaty
JLT Re Asia
06.2012 - 07.2015
- Responsible in overseeing portfolio and expanding business strategy for Treaty and Facultative business in Indonesia
- Served customers and followed outlined steps of service including placement activities with other regional offices
- Performed duties in accordance with applicable standards, policies and regulatory guidelines to promote safe working environment
- Developed and implemented performance improvement strategies and plans to promote continuous improvement
- Achieve 20% growth on treaty portfolio on the first year
Consultant
CooperGuy
08.2011 - 06.2012
- Liaised with customers, management and regional sales team to better understand customer needs and recommend appropriate solutions
- Improved client sales by connecting regional resources with client
- Developed number of opportunities from Indonesia
Country Manager
Aon Benfield Indonesia
09.2005 - 07.2011
- Implemented regional strategy both for Treaty and Facultative business in Indonesia
- Elevate brand awareness and increase market share in existing markets
- Recruited, trained and coached -member team to support company growth
- Directed staff and managed annual capital budget
- Reviewed performance data to monitor and measure productivity, goal progress and activity levels
- Developed and maintained relationships with existing client
- Conducted monthly meeting and report to regional
Assistant Vice President
Aon Benfield Indonesia
04.2003 - 07.2005
- Developed team placement and communication between regional office and local office
- Reviewed, identified, updated and prioritized strategic initiatives to provide comprehensive support to senior leadership
- Participated in organization re-branding and targeting of new clientc and programs to attract and retain clients
Manager of Operations
Aon Re Indonesia
10.2001 - 04.2003
- Worked in matrix management environment with Singapore and oversight of division level managers, operations, sales, human resources, safety and compliance
- Devised processes to boost long-term business success and increase profit levels
- Formulated processes to improve assistance to support groups, resulting in reduction of downtime and financial efficiency
Manager
Aon Indonesia
01.2001 - 10.2001
- Expanded cross-functional organizational capacity by collaborating across departments on priorities, functions and common goals
- Prepared and recommended long-range plans for development of broking department
- Directed staff and managed annual budget
Branch Manager of Medan
PT Asuransi Sinar Mas
05.1999 - 11.2000
- Worked with head quarter- Jakarta, to understand needs and provide excellent service
- Worked with local customers to understand insurance products including managing claim
- Served customers and followed outlined steps of service
- Actively listened to customers' requests, confirming full understanding before addressing concerns
Education
Master of Finance - Corporate Finance
RMIT - Royal Melbourne Institute of Technology
Victoria Melbourne Australia 04.1997 - 11.1998
Bachelor of Commerce - Insurance And Banking, Insurance And Risk Management
Deakin University
03.1994 - 11.1996
Sarjana Ekonomi - Business Management
University of Pancasila
03.1988 - 02.1994
Skills
Insurance and Risk Management
Insurance/Reinsurance networking and knowledge
Reinsurance and Direct Broking
Fintech and Digital
Compliance & Risk management
Regulatory understanding and procedure
Risk management process and analysis
Organizational leadership
Partnership development
Budget management
Strategic planning
Quality assurance
Business administration
Operations management
Regulatory compliance
Negotiation
Change management
Product development
Interpersonal skills
Organizational skills
Relationship and team building
Planning and coordination
Process improvement
Employee relations
Certification
FinTech: Innovation and Transformation in Financial Services, National University of Singapore, 08/2021
Skills
Excellent, Excellent, Excellent, Excellent, Excellent, Excellent, Excellent
Timeline
President Director
PT Buana Jasa Pratama
10.2022 - Current
Founder
PT Arkana Advance Technology
04.2022 - Current
Director of Compliance and Risk Management
PT Asuransi Tugu Pratama Indonesia, Tbk
07.2020 - 04.2022
President Director
PT Willis Reinsurance Brokers Indonesia
09.2015 - 07.2020
Regional Director of Treaty
JLT Re Asia
06.2012 - 07.2015
Consultant
CooperGuy
08.2011 - 06.2012
Country Manager
Aon Benfield Indonesia
09.2005 - 07.2011
Assistant Vice President
Aon Benfield Indonesia
04.2003 - 07.2005
Manager of Operations
Aon Re Indonesia
10.2001 - 04.2003
Manager
Aon Indonesia
01.2001 - 10.2001
Branch Manager of Medan
PT Asuransi Sinar Mas
05.1999 - 11.2000
Master of Finance - Corporate Finance
RMIT - Royal Melbourne Institute of Technology
04.1997 - 11.1998
Bachelor of Commerce - Insurance And Banking, Insurance And Risk Management
Deakin University
03.1994 - 11.1996
Sarjana Ekonomi - Business Management
University of Pancasila
03.1988 - 02.1994