Indonesia
Fitch expects Marein to sustain prudent investment practices
Fitch expects Marein to sustain prudent investment practices
It held a 14% market share of Indonesia’s total reinsurance premiums end-2024.
1 day ago
Indonesians tend to delay travel insurance purchase
Four in 10 purchase coverage within zero to four days of departure.
3 days ago
Asuransi Allianz Life’s profitability to remain supported by parent: Fitch
The insurer’s profitability improved significantly in 2024.
Indonesian association, Gadjah Mada University ink deal for upskilling
The collaboration aims to address the shortage of actuarial professionals.
Asei battles weak underwriting, high reserves in 2024: Fitch Ratings
Underwriting performance deteriorated, with combined ratio surging to 187% in ‘24.
Regulator mandates quarterly reports for Indonesian Insurers
The requirement to submit semesterly reports has been removed.
Stricter capital requirements to put pressure on Eka Lloyd: Fitch Ratings
The insurer would need to raise capital to meet the government’s $15m requirement.
Lippo General Insurance launches telematics app for safe driving
The app analyses real-time driving data and offers a reward system.
PT Asuransi's capital strength to stay strong into medium-term
AM Best views TUGU’s investment portfolio to be of moderate risk.
MPM Insurance’s profits stable, bolstered by investment yields
The company's GPW grew by 23% in the first nine months of 2024.
Indonesia sees abundant reinsurance capacity from domestic, overseas insurers: Gallagher Re
Accounts that were free of catastrophe losses in 2023 and 2024 saw risk-adjusted rate reductions.
Oona Insurance reveals new head of agency distribution
He has over 20 years of leadership experience.
Oona Insurance teams with GoPay for health access
Two insurance plans are offered.
PT Tugu Reasuransi records $7m net profit in H1 2024
The company holds an 11% market share in Indonesia's reinsurance sector.
Individual health claims rise 29.3% as overall payouts dip in Indonesia
Surrender claims and death claims fell by 13.5% YoY.
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.
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