Indonesia

Manulife Indonesia brings home two wins at Insurance Asia Awards 2025

Manulife Indonesia bagged the Health Insurance Initiative of the Year - Indonesia and the Insurance Inclusion Initiative of the Year - Indonesia awards.

Indonesian takaful eyes mergers as capital needs tighten: Fitch Ratings

More than 70% of takaful windows must be spun off by end-2026.

Banks, insurers rethink app strategy to solve real user problems

OCBC, Astra Life, BTN, and ACA prioritise utility and relevance over super app ambitions.

OJK launches insurance agent, policy databases to boost transparency

The policy database collects monthly data on life and general insurance policies.

FWD Indonesia shifts focus to protection and unit-linked plans

Fitch said this comes amidst a 24% decline in gross written premiums.

Indonesia proposes insurance agency to protect cooperative deposits

The deputy minister said they aim to modernise the legal framework.

Indonesia enforces 10% co-pay rule for private health insurance

This could dampen hospital revenues in fiscal year 2026.

Tokio Marine Indonesia will likely hold strong capitalisation in the medium term

After a decline in 2023 due to large claims, capital levels rebounded in 2024.

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.