AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
Fitch Ratings believes higher capital requirements will pressure Indonesia's insurers over the next two years, particularly smaller firms with weaker capital.
The Financial Services Authority ( OJK ) has projected that there will be a total of 41 full-fledged Shariah insurance companies, both life and general, in Indonesia after the spin-offs of takaful windows from insurance companies by the deadline of 31 December 2026.
Marsh has appointed Mr Derek Heng as CEO of Marsh ASEAN, and Ms Peta Latimer as CEO of Marsh Singapore. In addition, Mr Heng will continue to serve as CEO, Marsh Thailand, and Ms Latimer will continue with her current responsibilities as President of Marsh's People and Investments business in Asia.
The Indonesian government will inject IDR20tn ($1.11bn) into health insurer BPJS Kesehatan to help the state insurer cover its deficit in 2026.
The Indonesian General Insurance Association (AAUI) has said that the decline in yields on Bank Indonesia Rupiah Securities (SRBI) is a factor that general insurance companies would consider in their investment strategies.
Preparing the next generation to manage inherited wealth is becoming a key concern for Asian families, according to a new Sun Life Asia study.
Around $160bn worth of gas-fired power and liquefied natural gas (LNG) import capacity remains in development across Southeast Asia.
Prudential plc has announced the appointment of Mr Naveed Irshad as Regional CEO for Indonesia and the Philippines, effective 26 October 2026. He will also take enterprise-wide responsibility for the health and product businesses and will join Prudential's Group Executive Committee.
Zhibao Technology announced that its reinsurance subsidiary, Zhibao Labuan Reinsurance Company (Zhibao Labuan Re), is expanding its operations into Hong Kong and Southeast Asia.