Indonesia

ZA Tech, PFI Mega Life to drive digitisation of Indonesian insurers

The two firms will cocreate products and digital solution.

ZA Tech, PFI Mega Life to drive digitisation of Indonesian insurers

The two firms will cocreate products and digital solution.

Q4 2020 brings prosperity to Indonesian life insurers

Revenue surged 81.7% to $6.4b amidst economic improvements.

Indonesian takaful market gaining ground despite low penetration

The low market share is driven partly by the still-nascent Islamic finance ecosystem.

GWP of Indonesian general insurers to hit $5.17b in 2025

The sector is expected to recover 2.9% in 2021.

Indonesia floats unit-linked certification service for general insurers

The Financial Services Authority is preparing regulations for unit-linked investment products.

Generali Indonesia partners with Munich Re to boost underwriting processes

The latter's cloud-based platform will also help streamline risk assessment.

Indonesia mulls closing state life insurer Asuransi Jiwasraya

Policies will be restructured and then turned over to a new company.

FWD to invest in Indonesia's BRI Life

Existing BRI Life customers will not be affected by the investment.

BNP Paribas' Cardif to buy stake in BRI life insurer

BRI had earlier revived its plan to sell a stake for $500m.

Indonesia life insurance premiums down 5% to $13.05b in 2018

Income from the bancassurance channel took a hit.