AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
The Financial Services Authority (OJK) has revealed that 118 insurance and reinsurance companies have met new minimum capital requirements.
The Financial Services Authority (OJK) has announced that 10 insurers were in the process of establishing full-fledged takaful companies as at 29 June 2026.
Indonesia's insurance industry is poised for sustained growth, driven by rising demand for life, health and asset protection as consumers become increasingly aware of the importance of financial security.
Indonesia's general insurance industry is expected to remain under pressure in 2026 despite sustained demand for insurance protection, as rising claims and volatile investment returns continue to weigh on insurers' financial performance.
Significant pressure in the health insurance industry due to soaring medical inflation and claims costs has caused insurance players to leave this line of business in Indonesia.
The credit insurance branch faces high claims that almost equal the premium revenue, despite business prospects being considered positive due to high financing needs.
Amid ongoing economic pressures, only 14% of Indonesians feel highly financially secure. This is despite encouraging signs of progress in overall financial resilience, with the proportion of Indonesians demonstrating high financial resilience increasing from 30% in 2025 to 34% in 2026.
The credit insurance business in Indonesia is facing challenges in terms of profitability and risk exposure as claim costs outpace premium growth and higher interest rates threaten to worsen loan quality, reported the JakartaGlobe.id.
The Indonesian General Insurance Association (AAUI) has indicated that the non-life insurance market would likely find it difficult to improve investment returns this year.