Indonesia

Indonesian insurers’ old-school thinking holds back sector

The industry must digitise to tap the nation’s vast Gen Z and millennial consumers.

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.

Regulator pushes for mergers in Indonesia amidst premium stagnation

Insurance penetration in Indonesia has declined to 2.64% in 2023.

Artarindo's premium retention lags behind industry

However, its profitability is expected to remain stable.

Zurich, Indosat partner to synergise telecom and insurance offerings

100 million Indosat users will have access to Zurich’s products.

Mega Insurance seen to shift reinsurance strategy amidst domestic concerns

Its investment portfolio has been 90% cash equivalents and fixed-income securities.

B2B spending drives Indonesia's insurance sector in 2023

Indonesia's industry turnover reached $17.2b.

Indonesian insurers' assets hit IDR1,126.26t, up 1.14%

Both its life and general insurance segments grew YoY.

Data analysis, key to AIA Indonesia’s success in combatting fraud

Standard operating procedures and trained investigators keep AIA Indonesia in check.

MAIPARK focuses on earthquake risk, enhances buffers

The Indonesia insurer’s profitability improved in 2023.

APRIL Int’l collaborates with Indonesian insurtech broker

Clients in Indonesia can choose from two coverage options.

BRI Insurance receives accolades at Insurance Asia Awards 2024

The company has strengthened its position as the Best General Insurance Company in Indonesia by achieving the first rank in Elite Class of General Insurance Company in Indonesia.

Aon Indonesia unveils new president director of reinsurance business

She has over 12 years in reinsurance strategy optimisation.

Taspen maintains profitability with strategic investments

It maintained a strong solvency ratio of 497% as of end-2023

PT Meritz Korindo Insurance maintains strong capital buffer

It even surpassed the new 2026 equity requirement of $15m.

PT KB Insurance sees growth in premium retention to 31%

The insurer also benefits from being an important subsidiary of S. Korea's KB Insurance.