Indonesia

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.

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.