Indonesia

Indonesian association launches 2025–2030 roadmap to strengthen farm insurance

It aims to establish a sustainable ecosystem in support of national food security.

BRI Insurance gains from property, credit lines in premium surge

The insurer’s regulatory RBC ratio stood at 374% at end-2024.

PertaLife eyes capital hike to boost coverage of captive market

It is also tapping other state enterprises and beyond.

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.