Indonesia
Indonesia’s PA&H slated for 13.4% CAGR through 2029
Indonesia’s PA&H slated for 13.4% CAGR through 2029
Growth in 2025 alone is estimated at 14.2%.
Manulife dares startups to tackle Asia’s age imbalance
Contestants have until the end of April to apply.
Indonesia insurance premiums rise 6% in 9M 2024
The sector’s asset value also increased 3.81% YoY.
Fitch expects Marein to sustain prudent investment practices
It held a 14% market share of Indonesia’s total reinsurance premiums end-2024.
Indonesians tend to delay travel insurance purchase
Four in 10 purchase coverage within zero to four days of departure.
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.
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