Indonesia
Stricter capital requirements to put pressure on Eka Lloyd: Fitch Ratings
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.
Indonesian insurers told to walk the talk on tech: AXA CEO
The industry must tap digital distribution channels to unlock growth, according to AXA.
Insurtech Igloo officially launches in Indonesia
Indonesians can now compare insurance products of different insurers.
Indonesia's insurers battle rising non-performing loans
Its first quarter performance showed promise.
Prudential, Bank Syariah partner for bancassurance offering
Starting in early 2025, Prudential will provide products to BSI customers.
Indonesian insurers’ old-school thinking holds back sector
The industry must digitise to tap the nation’s vast Gen Z and millennial consumers.
Asei's capital ratio falls amid high claims
Its risk-based capital ratio dropped to 208% by the end of June.
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Embrace AI or be left behind, an expert said at the Asian Banking & Finance and Insurance Asia Summit today.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers