Indonesia insurance premiums rise 6% in 9M 2024

The sector’s asset value also increased 3.81% YoY.

Indonesia’s commercial insurance premium income climbed 5.77% year-on-year (YoY) to $14.61b (IDR245.4t) as of September 2024 (9M 2024).

Similarly, the premiums of the life insurance market increased by 2.73% YoY to $8.08b (IDR135.6t). The general insurance sector, likewise, grew by 9.78% YoY to $6.53b (IDR109.7bt).

Also, the industry’s asset value as of September last year grew by 3.81% YoY to $54.99b (IDR922.5t).

($1.00 = IDR16,796.00)