Indonesia

The new method of presenting financial reports boosts transparency and market confidence in the insurance industry.

Its customer-centric approach results in 60% non-captive customers

AI streamlines appraisal and is part of the insurance firm’s P&C business growth, which experienced a remarkable 20% growth in GWP during Q1 of 2023.

The insurer took home the Customer Service Initiative of the Year, Education Insurance Initiative of the Year, and Social Media Initiative of the Year at the awards programme.

Through innovative approaches, this insurance company achieved a net premium of  IDR1.88t (US$124.7m) in 2022.

Sales process for PT Astra International has not commenced.

The Indonesian life insurance market recorded 87.54 million individuals insured in the first quarter.

The partnership aims to financially guide rice farmers in Indonesia.

Of its 40,000 agents, 60% belong to the next generation—the younger, tech-savvy, and diverse workforce.

Lexasure will make an investment in Blimobil.

They aim to triple the company's growth through product launches and partnerships in 2023.

This effort succeeded in optimising their financial performance with a net profit of $ 1.98m (IDR 31b)

The president flagged that several complaints last year have not yet been resolved.

This was achieved through a partnership with Tap Insurance.

It acquired 20% of shares from its JV partner.

The lender is mulling selling 60% of its stake in PT BNI Life Insurance.