The Financial Services Authority (OJK) has disclosed that two insurance companies have completed the spin-off of their takaful windows or Shariah Business Unit (UUS) as of 31 October 2024, more than two years ahead of the deadline to do so.
Igloo, a Southeast Asian InsurTech, is expanding into the direct-to-consumer market with its launch in Indonesia of www.igloo.co.id.
Around two-thirds (100 out of 145) existing (re)insurance companies as of the end of August 2024 met the first tranche of capital hikes before the 31 December 2026 deadline. Another 45 entities still need to do so, according to the Financial Services Authority (OJK).
Great Eastern Life Indonesia, together with its strategic partner PT Bank OCBC NISP Tbk (OCBC), has launched a new innovative product of GREAT Prestige Optima Protector as a concrete solution in helping people realise their financial goals.
PasarPolis, a Southeast Asian full-stack InsurTech, has announced a major expansion of its strategic partnership with Gojek, Indonesia's top on-demand service and part of the GoTo Group.
The Financial Services Authority (OJK) is transforming its supervisory work in the insurance, guarantee and pension fund sector, by implementing an early intervention system and other changes.
AM Best has revised the outlook for Indonesia's non-life insurance segment to 'Stable' from 'Negative'.
The Financial Services Authority (OJK) believes that the Islamic insurance sector in Indonesia will consolidate in the next few years.
AIA has recently launched its latest 'Rethink Healthy' campaign, which aims to change how people view health and make it a bigger part of their daily lives by offering a new definition of health, encouraging more people to live healthier lives through enjoyable and easily integrated daily activities.
The financial performance of Asuransi Asei Indonesia (Asei) is expected to remain volatile due to its high exposure to general insurance relative to its small size, and changes in reserves associated with its existing long-tail credit insurance business, according to Fitch Ratings Indonesia (Fitch).