Flooding in the Jakarta area - which began on Monday - has recently left a number of homes and buildings submerged in floods with varying heights.
Family takaful contributions saw a 10.4% growth in 2024 to IDR22.61tn ($1.37bn), compared to 2024, according to the Indonesian Life Insurance Association (AAJI).
Indonesia's consumer price index (CPI) dropped for the first time in over two decades in February, according to official data released on Monday, reported the Economic Times.
The Financial Services Authority (OJK), Indonesian insurance regulator, with effect from 24 March 2025 will implement a new regulatory approach in the insurance sector with the introduction of OJK Regulation No 37 of 2024 (Regulation 37/2024).
Indonesia Financial Services Authority (OJK) and Statistics Indonesia recently jointly conducted the country's national survey of financial literacy and inclusion (SNLIK) 2025 in all provinces.
A total of 17 takaful windows or shariah business units (UUS) of insurers in Indonesia are expected to be spun off into Islamic insurance companies this year.
Munich Re has appointed Ms Hanh Nguyen as head of treaty P&C underwriting for Southeast Asia (SEA) and India, effective 1 March 2025. Since 2024, she has been acting as deputy head of treaty P&C underwriting for SEA and India.
A new regulation issued by the Financial Services Authority (OJK) of Indonesia will regulate the development of human resource quality for insurance companies, insurance brokers and reinsurers.
Initially scheduled to come into force in January 2025, the implementation of mandatory motor third-party liability insurance has been delayed.
According to news site Jakarta Globe, the implementation of mandatory third-party liability (TPL) insurance for motor vehicles has been delayed, as the country's regulator, Otoritas Jasa Keuangan (OJK) waits for a government regulation. The programme was to be implemented in January 2025.