Indonesia

Clients in Indonesia can choose from two coverage options.

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.

She has over 12 years in reinsurance strategy optimisation.

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

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

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

The insurer said it will focus on selling protection products and unit-linked policies to enhance margins.

The non-life insurer accounts for 9% of the total market share in GWP in 2023.

Total tech funding raised in the first half of the year amounted to $191m.

Tech executive focused on digital leadership and customer-centric strategies to drive company’s success.

EY Indonesia Partner said integration of digital and traditional channels are essential in managing costs and improving customer experience.

Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.

When compared to GDP, insurance penetration in Indonesia is 1.4%, which is low relative to ASEAN.

Whilst the market drives towards growth, new rules shrink insurer presence.

The partnership aims to solidify suretyship and credit insurance in Indonesia.

Insurance leaders share insights on navigating risks, boosting sales, and enhancing customer engagement.