Indonesia
AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
2 days ago
AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
2 days ago
BRI Life relies on bancassurance channels amidst increasing demand for insurance
As of November 2023, the bancassurance channel contributed 81% of BRI Life’s total premium revenue.
Igloo partners with Tokopedia for consumer protection
The partnership hopes to cover 99% of Indonesia’s districts.Â
Qoala secures $47m in Series C funding
Total capital raised to date surpasses $130m.
Allianz Syariah flexes Sharia insurance for all Indonesians
The low level of Sharia financial literacy and inclusion has driven companies to implement both short-term and long-term measures.
Insurtech Carrot to develop behaviour-based solution with Indonesian insurer
The collaboration will facilitate LGI's introduction of BBI products in Indonesia.
Asuransi Astra's profitability stays strong, backed by parent group's business: AM Best
Its investment portfolio is moderately risky, mainly comprising domestically rated bond funds.
New equity requirements to foster competition in Indonesia's takaful sector
Fitch Ratings forecasts a growth rate of 5% to 10% for 2024.
Decline in credit insurance business affects Asuransi Asei Indonesia
The decline in the credit insurance segment in 2023 affected the insurer’s gross premiums written.
PT Asuransi Tugu Pratama sustains strong operating performance: AM Best
The Indonesian insurer is expected to have volatile underwriting in the short to medium term.
Manulife Investment, Indonesia partner for infra development
A growing demand for logistics properties is seen due to Indonesia's e-commerce market growing rapidly.
OJK establishes four regulations to strengthen insurance and pension system
These regulations hope to address capital capacity limitations in the insurance industry.
MPM Insurance seen to maintain cautious investment moves, balance risky assets – Fitch Ratings
The insurer sustained a sufficient capital buffer, with a regulatory risk-based capital (RBC) ratio consistently above 250%.
Indonesia bumps up minimum equity requirement amidst financial dilemma: Report
The new rules also require a minimum investment of IDR1t for starting new insurance businesses.
Indonesia’s insurance M&A to reach $22b in 2027: GlobalData
The increase in MCR for insurers is expected to lead to merger and acquisition (M&A) activities.
Shinhan EZ General Insurance enters the Indonesia market
It partnered with Tap Insure.
OJK releases roadmap for Indonesia’s insurance sector, focuses on four key pillars
The roadmap pushes for insurers to prioritise integrity, safeguard consumers and public interests, and bolster national economic growth.
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. InterContinental Singapore is saving insurance for a rainy day 3. 25% of employers to enhance insurance coverage in the next two years 4. Insurers struggle to balance customer acquisition and retention: study 5. Allianz Partners collaborates with MoneyHero for travel insuranceResource Center
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09
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Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
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Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. InterContinental Singapore is saving insurance for a rainy day 3. 25% of employers to enhance insurance coverage in the next two years 4. Insurers struggle to balance customer acquisition and retention: study 5. Allianz Partners collaborates with MoneyHero for travel insuranceAwards
Jul
09
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