Article Sidebar

Download
PDF
Statistic
Read Counter : 62 Download : 74

Downloads

Download data is not yet available.

Main Article Content

Abstract

Surety Bond is an agreement between two parties, namely surety and principal. In this agreement, the surety submits a guarantee to the principal for the benefit of the obligee. If the principal fails or neglects to fulfil its obligations in accordance with the agreement with the obligee, the surety is responsible to the obligee to fulfil the principal's obligations. The purpose of this research is about the mechanism and application of surety bond principles in minimising the problems that will occur. The approach used in this research is qualitative analysis with descriptive method, which is intended to understand how the phenomenon experienced by the object of research. The results of this study explain that PT Bumiputeramuda General Insurance 1967 is one of the companies that has a surety bond product with a good implementation mechanism and applies several principles, namely the principle of togetherness, the principle of a three-party agreement, the principle of attachment, the principle of limitation of liability, the principle of legal defence, the principle of indemnity, the principle of additional / complementary contracts. This research also has implications for researchers and academics in the field of insurance. The findings of this research can be a reference material for further research on surety bond insurance products. In addition, this research can also be an input for academics to develop an educational curriculum on surety bond insurance products.

Keywords

Insurance Surety Bond Bumiputeramuda Mechanism of Application Qualitative Analysis

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Author Biographies

Nurbaiti, Universitas Islam Negeri Sumatera Utara

Dosen Pembimbing Sebagai Author Ke-2

Nur Ahmadi Bi Rahmani, Universitas Islam Negeri Sumatera Utara

Dosen Penguji Reviewer Sebagai Author Ke-3

How to Cite
Hanin, F., Nurbaiti, & Rahmani, N. A. B. (2024). Analysis of Surety Bond Insurance Products at PT Bumiputeramuda General Insurance 1967 Medan Branch. Ilomata International Journal of Management, 5(3), 981-992. https://doi.org/10.61194/ijjm.v5i3.1240

References

  1. Akurat, R. (2024). GAPENSI: Penjaminan Kredit dan Surety Bond Penting Dalam Memitigasi Risiko Finansial di Proyek-Proyek Besar. Akurat.Co. https://www.akurat.co/keuangan/1304832594/gapensi-penjaminan-kredit-dan-surety-bond-penting-dalam-memitigasi-risiko-finansial-di-proyek-proyek-besar
  2. Alifah, N. S. (2022). Surety Bond adalah Asuransi Penjaminan Proyek. Https://Lifepal.Co.Id/. https://lifepal.co.id/media/surety-bond/
  3. Andri Soemitra. (2015). Asuransi Syariah. Wal Ashri Publishing.
  4. Chen, Q., & Shen, C. (2023). Deposit insurance system, risk-adjusted premium and bank systemic risk: Evidence from China. Research in International Business and Finance, 65. https://doi.org/10.1016/j.ribaf.2023.101969
  5. Fauzi Arif Lubis dan Yusrizal. (2020). Potensi Asuransi Syariah Di Sumatera Utara. Human Falah: Jurnal Studi Ekonomi Dan Bisnis Islam, 7(2), 1–28. https://doi.org/10.30829/hf.v7i2.8851
  6. Goguel, A., & Miéra, M. (2023). Banks and Markets from an Insurance Perspective. Journal of Quantitative Economics, 21(4), 943–957. https://doi.org/10.1007/s40953-023-00365-8
  7. Guan, G., & Hu, X. (2022). Equilibrium mean–variance reinsurance and investment strategies for a general insurance company under smooth ambiguity. North American Journal of Economics and Finance, 63. https://doi.org/10.1016/j.najef.2022.101793
  8. Iin Hidayah Nawir, R. dan M. H. (2023). Perlindungan Hukum Pengguna Jasa Dalam Penyelesaian Pencairan Jaminan Pelaksanaan (Performance Bond) Kontrak Kerja Konstruksi Pemerintah. UNES Journal of Swara Justisia, 7(1), 514–533. https://doi.org/https://doi.org/10.31933/ujsj.v7i2
  9. Inafina.id. (2023). Surety Bond Adalah: Pengertian, Jenis, Manfaat, dan Prosesnya. Inafina.Id. https://www.inafina.id/surety-bond-adalah-pengertian-jenis-manfaat-dan-prosesnya/
  10. Indayani, N. S. dan I. (2022). Keberlangsungan Usaha Perusahaan Asuransi Yang Terdaftar Di Bursa Efek Indonesia Sebelum Dan Selama Pandemi Covid-19. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (Jimeka), 7(2), 279–290. https://doi.org/https://doi.org/10.24815/jimeka.v7i2.21264
  11. Julyet Cipta Fauziyah, Y. H. dan I. (2021). Analisis Proses Underwriting Pada Produk Penjaminan Surety Bond Di PT. Asuransi Kredit Indonesia Cabang Bekasi. Jurnal Administrasi Bisnis Terapan (JABT), 3(2). https://doi.org/10.7454/jabt.v3i2.1010
  12. Kanu, C., Nnam, M. U., Ugwu, J. N., Achilike, N., Adama, L., Uwajumogu, N., & Obidike, P. (2023). Frauds and forgeries in banking industry in Africa: a content analyses of Nigeria Deposit Insurance Corporation annual crime report. Security Journal, 36(4), 671–692. https://doi.org/10.1057/s41284-022-00358-x
  13. Kementerian Keuangan. (2022). Warta Fiskal: Mendorong Inklusi Keuangan UMKM (Edisi III 2022). In Badan Kebijakan Fiskal-Kementerian Keuangan RI (3rd ed.). Badan Kebijakan Fiskal-Kementerian Keuangan RI.
  14. Keuangan, K. D. K. O. J. (2016). Peraturan Otoritas Jasa Keuangan Nomor 69 /Pojk.05/2016 Tentang Penyelenggaraan Usaha Perusahaan Asuransi, Perusahaan Asuransi Syariah, Perusahaan Reasuransi, Dan Perusahaan Reasuransi Syariah. In Peraturan Otoritas Jasa Keuangan (pp. 1–82).
  15. Linawati. (2020). Asuransi Syariah Dan Implementasi Asuransi Syariah Dalam Perbankan Syariah. Saujana: Jurnal Perbankan Syariah Dan Ekonomi Syariah, 2(1), 1–19.
  16. Marbun, R. M. (2022). Mengenal Prinsip Unconditional Pada Bank Garansi Dan Polis Surety Bond. Jurnal Ilmu Sosial Dan Pendidikan (JISIP), 6(4), 2598–9944. https://doi.org/10.36312/jisip.v6i4.3890/http
  17. Marliyah, Muhammad Yafiz, B. D. & A. M. B. S. (2022). ’Amid: Islamic Integrative Approach as Survey Model. Indonesian Journal of Islamic Literature and Muslim Society, 7(1), 17–32. https://doi.org/10.22515/islimus.v7i1.5406
  18. Muda, P. A. U. B. (2024). Ringkasan Informasi Produk dan Layanan (Riplay) Asuransi Kendaraan Bermotor Versi Umum. Www.Bumida.Co.Id. https://bumida.co.id/storage/document/Asuransi Kendaraan Bermotor-1720145563
  19. Nurbaiti, T. I. F. R. dan. (2021). Analisis Ekonomi Islam dalam Kebijakan Fiskal (APBN 2021) di Indonesia. Jurnal Pendidikan Tambusai, 5(3), 8692–8702. https://doi.org/https://doi.org/10.31004/jptam.v5i3.2377
  20. Nurhani Fithriah, Edytiawarman Edytiawarman, S. M. dan D. D. A. (2022). Permasalahan Surety Bond Sebagai Jaminan pada Pengadaan Konstruksi Milik Pemerintah di Universitas Bengkulu. Wajah Hukum, 6(1), 14–26. https://doi.org/http://dx.doi.org/10.33087/wjh.v6i1.885
  21. PT Asuransi Umum Bumiputera Muda. (2022). Ringkasan Informasi Produk Dan Layanan (Riplay) Penjaminan / Surety Bond Versi Umum. Www.Bumida.Co.Id. https://bumida.co.id/storage/document/Asuransi Penjaminan-1719908854
  22. Puspita, A. P. D. dan N. Y. (2023). Tanggung Jawab Badan Hukum Usaha Bersama (Studi Kasus: Asuransi Jiwa Bersama Bumiputera 1912). Jurnal Paradigma Hukum Pembangunan, 8(1), 67–78. https://doi.org/10.25170/paradigma.v8i1.3885
  23. Rahman, A. (2021). Penyelesaian Klaim Dan Subrogasi Oleh Surety Company Terhadap Principal Wanprestasi Dalam Perjanjian Surety Bond. Jurnal Hukum Dan Pembangunan Ekonomi, 9(2), 230–241. https://doi.org/https://doi.org/10.20961/hpe.v9i2.57977
  24. Rahmani, N. A. B. (2016). Metode Penelitian Ekonomi. Febi Uinsu Press.
  25. Rizky Ananda Ariza, N. A. (2021). Analisis Strategi Pemasaran Usaha Mikro Kecil dan Menengah (UMKM) pada Era Digital di Kota Medan. Visa Journal of Vision and Ideas, 1(2), 188–194. https://doi.org/https://doi.org/10.47467/visa.v1i2.834
  26. Suhardi. (2021). Asuransi Jiwa Konvensional Dan Syariah (A. E. Wibowo, Ed.; Cetakan I). Penerbit Gava Media.
  27. Susilo, M. D. (2021). Penyelesaian Piutang Negara Dengan Jaminan Surety Bond. Kemenkeu.Go.Id, 20 Januari.
  28. Thang, L. D. (2023). EXPLORING THE RELATIONSHIP BETWEEN WILLINGNESS TO PARTICIPATE IN INSURANCE AND BANK LOAN APPROVAL FOR COFFEE FARMERS IN DAK LAK PROVINCE: A BAYESIAN MODEL AVERAGING APPROACH. Journal of Eastern European and Central Asian Research, 10(7), 1076–1087. https://doi.org/10.15549/jeecar.v10i7.1388
  29. Wu, F., Zhang, X., & Liang, Z. (2023). OPTIMAL REINSURANCE-INVESTMENT PROBLEM FOR A GENERAL INSURANCE COMPANY UNDER A GENERALIZED DYNAMIC CONTAGION CLAIM MODEL. Mathematical Control and Related Fields, 13(3), 1131–1159. https://doi.org/10.3934/mcrf.2022030
  30. Yuda Herawati, T. H. dan M. N. (2022). Pengaruh Informasi Gadai dan Kualitas Pelayanan Terhadap Kepuasan Nasabah di Bankaltimtara Syariah Cabang Samarinda. Jesm: Jurnal Ekonomi Syariah Mulawarman, 1(1), 57–62.