Indonesia
Zurich, Indosat partner to synergise telecom and insurance offerings
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.
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.
FWD Indonesia seen to improve in the next two years
The insurer said it will focus on selling protection products and unit-linked policies to enhance margins.
Asuransi Sinar Mas maintains satisfactory capital for expansion
The non-life insurer accounts for 9% of the total market share in GWP in 2023.
Indonesian insurtechs funding lead despite 79% industry nosedive
Total tech funding raised in the first half of the year amounted to $191m.
FWD Insurance Indonesia’s multi-channel approach to enhance customer experience
Tech executive focused on digital leadership and customer-centric strategies to drive company’s success.
Commentary
AI isn’t replacing insurance, it’s finally making it work