Indonesia
Individual health claims rise 29.3% as overall payouts dip in Indonesia
Surrender claims and death claims fell by 13.5% YoY.
1 day ago
Individual health claims rise 29.3% as overall payouts dip in Indonesia
Surrender claims and death claims fell by 13.5% YoY.
1 day ago
114 million Indonesians insured in H1 2024, up 28.4%
Bancassurance generated the highest premium income at $2.33b.
2 days ago
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.
5 days ago
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.
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.
KB Indonesia to meet new capital requirements, capital growth expected
Its five-year ROE ratio was 5.1%.
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.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
