Indonesia

Oona Insurance reveals new head of agency distribution

He has over 20 years of leadership experience.

PT Tugu Reasuransi records $7m net profit in H1 2024

The company holds an 11% market share in Indonesia's reinsurance sector.

114 million Indonesians insured in H1 2024, up 28.4%

Bancassurance generated the highest premium income at $2.33b.

Asuransi Wahana Tata’s premium retention drops to 36% in 2024

Its combined ratio increased due to higher property claims and lower net premiums earned.

Indonesian insurers told to walk the talk on tech: AXA CEO

The industry must tap digital distribution channels to unlock growth, according to AXA.

Insurtech Igloo officially launches in Indonesia

Indonesians can now compare insurance products of different insurers.

Indonesia's insurers battle rising non-performing loans

Its first quarter performance showed promise.

Prudential, Bank Syariah partner for bancassurance offering

Starting in early 2025, Prudential will provide products to BSI customers.

Indonesian insurers’ old-school thinking holds back sector

The industry must digitise to tap the nation’s vast Gen Z and millennial consumers.

Asei's capital ratio falls amid high claims

Its risk-based capital ratio dropped to 208% by the end of June.

Regulator pushes for mergers in Indonesia amidst premium stagnation

Insurance penetration in Indonesia has declined to 2.64% in 2023.

Artarindo's premium retention lags behind industry

However, its profitability is expected to remain stable.

Zurich, Indosat partner to synergise telecom and insurance offerings

100 million Indosat users will have access to Zurich’s products.

Mega Insurance seen to shift reinsurance strategy amidst domestic concerns

Its investment portfolio has been 90% cash equivalents and fixed-income securities.