A number of life insurance companies, including PT MSIG Life Insurance Indonesia and PT Asuransi Ciputra Indonesia, recorded an increase in health claim payments in the first quarter of 2025, even though the industry's claim ratio decreased.
According to Prudential, in 1Q2025, new business profit on a traditional embedded value went up 12% to $608m, annual premium equivalent (APE) sales went up 4% to $1.7bn and new the new business margin increased by two percentage points.
Many factors influence the dynamics in Indonesia's broker-driven (re) insurance sector, according to UIB Asia Reinsurance Brokers CEO Francis Savari.
The Financial Services Authority (OJK) urged non-bank financial services institutions to stay alert to potential risks arising from the ongoing economic slowdown.
Themed 'Brokers 4.0: Getting Future Ready for the Next Decade', the 13th Asia Insurance Brokers' Summit kicked off in Jakarta, Indonesia, on 24 April 2025.
Health insurance premium rates are predicted to continue to increase this year, Bisnis.com said.
The adoption of shariah parametric weather index insurance remains in its early stages in Indonesia when compared to traditional takaful and conventional parametric insurance models, Zurich General Takaful Indonesia (Zurich Syariah) president director Hilman Simanjuntak has said.
The industry of life insurance is projected to still face severe pressure by 2025. After posting a significant decline in investment yields over the past year, the sector is now again overshadowed by global sentiment-fuelled market turmoil, including rising tariffs on imports by US President Donald Trump.
The UNDP with the General Insurance Association of Indonesia (AAUI) has launched the Agricultural Insurance Roadmap 2025-2030 to improve risk financing and inclusiveness for smallholder farmers.
Sun Life, in partnership with global sport for social change foundation Beyond Sport, has announced the extension of its "Hoops + Health" philanthropy programme for the second year, with the goal of helping 45,000 young people get active by the end of 2025 by providing safe spaces, coaching programmes and equipment in underprivileged communities.