The 1.7% year-on-year increase in premiums generated by the general insurance industry in the first quarter of 2026 is a signal that the sector needs comprehensive improvement, according to Mr Budi Herawan, Chairman of the Indonesian General Insurance Association (AAUI).
Aon has appointed Stephen as CEO for Indonesia, effective 3 August 2026, subject to regulatory approval.
Reasuransi Indonesia Utama (Persero), or Indonesia Re, has affirmed that strengthening the capacity of the reinsurance industry is a critical foundation for building a healthier, more resilient national insurance industry capable of supporting Indonesia's economic growth amid increasingly complex risks.
The Financial Services Authority (OJK) is currently drafting a regulation to further curb mis-selling of Investment-Linked Insurance Products (PAYDI). The proposed regulation is targeted for completion by the end of 2026.
Indonesia's Islamic insurance industry recorded negative investment returns in the first quarter of 2026 as volatility in the domestic capital market weighed on equity-based investments, according to the Financial Services Authority (OJK).
Speakers at the opening session of the 14th Asia Insurance Brokers' Summit in Jakarta Indonesia said that Asia's insurance broking industry is entering a defining era, as they face structural pressure and increasing competition from digital platforms and embedded insurance ecosystems.
The weakening rupiah exchange rate and declining foreign exchange reserves were key challenges in the insurance industry in the second quarter of this year, with these risks potentially persisting into the second half of 2026, said the think tank IFG Progress in a report.
The sustainability of insurance companies' profitability no longer depends solely on premium growth, but rather on strategic capabilities in managing risk, strengthening underwriting processes, and maintaining the quality of investment portfolios, according to IFG Progress.
The general insurance industry's premium growth slowed in the first half of 2026, as weaker performance across several corporate business lines weighed on the sector amid challenging global and domestic macroeconomic conditions.
The Directorate General of Hajj and Umrah Economic Ecosystem Development (PE2HU) at the Ministry of Hajj and Umrah is strengthening efforts to improve protection for Umrah pilgrims by developing the Umrah Travel Shariah Insurance (ASPU) ecosystem.