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.
The shariah insurance market in Indonesia faces three major challenges, and they involve demand, supply and the ecosystem, according to the head of the Centre for Sharia Economics & Business (PEBS) of the Faculty of Economics and Business (FEB) at the University of Indonesia (UI), Rahmatina Awaliah Kas.
Indonesian workers who have been laid off will continue to receive national health insurance benefits for six months and they will also be exempted from contribution payments.
Flooding in the Jakarta area - which began on Monday - has recently left a number of homes and buildings submerged in floods with varying heights.