Effective 1 January 2026

Jakarta, Indonesia – PT Proxima Indonesia Loss Adjusting is pleased to announce the commencement of a strategic cooperation with Frad Risk Management Limited, aimed at strengthening both marine and non-marine claims handling related to Chinese projects and investments in Indonesia.

Partnership Overview

Under this cooperation, Proxima and Frad RM will collaborate to provide comprehensive survey, loss prevention and loss adjusting services in Indonesia for insurance claims involving:

• Cargo and goods originating from Mainland China or Hong Kong
• Insurance policies issued by insurers registered and licensed in Mainland China
• Broader Chinese business and investment activities in Indonesia across multiple industry sectors

Frad Risk Management Limited, headquartered in Shenzhen and incorporated in Hong Kong, is a leading claims adjusting and risk management consultancy. The firm is well regarded for its expertise in cargo surveys, hull & machinery, Non-Marine losses, and general average, and for serving prominent Chinese insurers, brokers, and trading companies globally.

Service Enhancement

This cooperation enhances Proxima’s capabilities through:

• Technical Collaboration – Access to Frad RM’s deep expertise in marine and non-marine claims, along with insight into Chinese insurer expectations
• Cross-Border Coordination – Streamlined support for Chinese-led shipments, infrastructure projects, and commercial operations in Indonesia
• Network Expansion – Closer connectivity with Chinese insurers, brokers, and P&I clubs
• Global Best Practices – Alignment with international standards in surveying, reporting, and claims management across industries

Operational Framework

Under this arrangement, Proxima will provide local support in Indonesia on behalf of Frad RM, including:

• On-site inspections of cargo, property, and infrastructure projects
• Detailed damage assessments supported by photographic evidence
• Technical reports addressing causation, liability, and recommended action
• Consistent compliance with international survey protocols and market practices

This cooperation complements Proxima’s existing engagements with both domestic and international insurers and does not limit its ability to serve clients independently.

Market Context

Indonesia–China bilateral trade surpassed USD 140 billion in 2024, with substantial cargo volumes transported via maritime routes. The growing complexity of cross-border logistics highlights the need for responsive, competent, and internationally aligned marine claims services. This cooperation addresses that need by linking Chinese insurer requirements with on-the-ground capabilities in Indonesia.

Management Statement

“We are pleased to formalize this cooperation with Frad Risk Management Limited,” said Sabar Napitupulu, Technical Director of PT Proxima Indonesia Loss Adjusting.
“As Chinese investment and trade continue expanding across Indonesia, our collaboration allows for more integrated claims handling between both jurisdictions. We look forward to supporting Chinese and local insurers with efficient, transparent, and technically robust solutions for complex marine and non-marine losses.”

About Frad Risk Management Limited

Frad Risk Management Limited (Hong Kong Company Registration No. 2639388) is a professional claims and risk management consultancy based in Shenzhen, with global experience in serving Chinese insurers, international P&I clubs, and trading houses. The firm specializes in marine cargo and non-marine property and liability claims across Asia and global markets.

About PT Proxima Indonesia Loss Adjusting

PT Proxima Indonesia Loss Adjusting (OJK License No. KEP-42/D.05/2024) is a licensed loss adjusting company delivering independent claims services across property, engineering, marine, and liability lines throughout Indonesia. Proxima is part of a regional network, including a cooperation with FortisCor Adjusters Pte Ltd (Singapore).