KB Insurance Indonesia targets growth, capital boost ahead of 2026 rules

AM Best projects more stable underwriting as the insurer expands its motor portfolio.

PT KB Insurance Indonesia (KB Indonesia) is expected to grow its premium base, diversify its product mix, and strengthen capital reserves to meet stricter regulatory requirements by 2026, according to AM Best. 

The agency projects more stable underwriting as the insurer expands its motor portfolio and increases cross-selling through KB Group affiliates, reducing reliance on Korean corporate clients.

A conservative investment portfolio of time deposits and Indonesian government bonds is expected to keep generating steady returns, partly offsetting underwriting volatility. 

AM Best said KB Indonesia remains strategically important to KB Group’s expansion in Indonesia, with the parent committed to providing capital support if required.