Magazine Table of Contents
Indonesian listed insurers’ aggregate earnings growth of 43% in 1H2022 not only surpassed the 10% increase in GWP but was also a reversal of the 2% decrease in profits in the first quarter of 2022 and a 16.4% decline in full-year 2021 net income.
With a population that has truly embraced mobile technology, Indonesia has in recent times attracted the attention of many InsurTechs.
The life insurance industry Indonesia is growing significantly in 2022. However, insurers are facing pressures on income as the industry experiences declines in premiums.
With digitalisation taking an upper hand in the industry, the non-banking arm of OJK has been balancing growth and consumer interests.
The Indonesian general insurance industry, after a rough patch in 2020, performed well in 2021.
While the reinsurance market is slowly improving along with the economy, after suffering various impediments due to the pandemic, capacity is lacking.