Indonesia
Indonesia's life insurance to reach $12.1b GWP by 2028
Endowment insurance is forecasted to decline by 7.0% in 2024.
2 hours ago
Indonesia's life insurance to reach $12.1b GWP by 2028
Endowment insurance is forecasted to decline by 7.0% in 2024.
2 hours ago
Allianz, GIFT, doctorShare boost remote healthcare in Indonesia
The initiative provided floating hospitals to remote islands in the country.
1 day ago
Indonesia's vehicle sales drop risks finco asset quality
Fitch expects finco sector receivables to grow at a high-single-digit rate in 2024.
Insurance Asia Forum 2024 convenes in Jakarta to shape the future of insurance
The event gathers insurance professionals from across Asia, exploring the evolving realms of risk management, technology, regulations, and customer engagement.
Indonesia lifts sanctions on PT Independen Pialang Asuransi
The broker was able to obtain approval from the authority.
PT Axle Asia revamps as bolttech
bolttech completed the acquisition of the majority stake in Axle Asia in late 2022.
Credit insurance drives BRI's premium increase: Fitch Ratings
The insurer holds a 3% market share in Indonesia’s non-life industry, as of 2023.
Indonesia grants operating licence to PT Orion Reasuransi
Its licence is effective immediately.
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.
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.
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Jul
09
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
Co-Written / Partner
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. OCBC courts Great Eastern with S$1.4b offer 4. Italian insurance-financial firm opens office in Singapore 5. Singlife introduces first market insurance for dementia careAwards
Jul
09
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Firewalls are never enough