Indonesia
Insurtech Carrot to develop behaviour-based solution with Indonesian insurer
The collaboration will facilitate LGI's introduction of BBI products in Indonesia.
Insurtech Carrot to develop behaviour-based solution with Indonesian insurer
The collaboration will facilitate LGI's introduction of BBI products in Indonesia.
Asuransi Astra's profitability stays strong, backed by parent group's business: AM Best
Its investment portfolio is moderately risky, mainly comprising domestically rated bond funds.
New equity requirements to foster competition in Indonesia's takaful sector
Fitch Ratings forecasts a growth rate of 5% to 10% for 2024.
Decline in credit insurance business affects Asuransi Asei Indonesia
The decline in the credit insurance segment in 2023 affected the insurer’s gross premiums written.
PT Asuransi Tugu Pratama sustains strong operating performance: AM Best
The Indonesian insurer is expected to have volatile underwriting in the short to medium term.
Manulife Investment, Indonesia partner for infra development
A growing demand for logistics properties is seen due to Indonesia's e-commerce market growing rapidly.
OJK establishes four regulations to strengthen insurance and pension system
These regulations hope to address capital capacity limitations in the insurance industry.
MPM Insurance seen to maintain cautious investment moves, balance risky assets – Fitch Ratings
The insurer sustained a sufficient capital buffer, with a regulatory risk-based capital (RBC) ratio consistently above 250%.
Indonesia bumps up minimum equity requirement amidst financial dilemma: Report
The new rules also require a minimum investment of IDR1t for starting new insurance businesses.
Indonesia’s insurance M&A to reach $22b in 2027: GlobalData
The increase in MCR for insurers is expected to lead to merger and acquisition (M&A) activities.
Shinhan EZ General Insurance enters the Indonesia market
It partnered with Tap Insure.
OJK releases roadmap for Indonesia’s insurance sector, focuses on four key pillars
The roadmap pushes for insurers to prioritise integrity, safeguard consumers and public interests, and bolster national economic growth.
Indonesia’s new regulation seen to boost takaful sector – Fitch Ratings
This is expected to strengthen the business profiles of takaful businesses and the sector.
OJK wants mandated insurance coverage for Indonesians: Report
Plans for vehicle insurance are in discussion.
Indonesia’s non-life insurance outlook grim: AM Best
Growth is still expected due to Indonesia's economic expansion.
Insurance sector to take on carbon exchange opportunities in Indonesia: Report
Carbon exchange presents an opportunity for the financial industry, particularly the general insurance sector.
Linda Purnama joins Gallagher Re to lead Indonesia team
She brings 25 years of experience in reinsurance across APAC.
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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.
