FWD Group has appointed Mr Jeffrey Woo as President Director of PT FWD Insurance Indonesia, following approval from the Otoritas Jasa Keuanganhas.
The Organisation for Economic Co-operation and Development (OECD) has commended the various reform measures being implemented by the Financial Services Authority (OJK) in the insurance and pension fund sectors to strengthen financial sector resilience, enhance consumer protection, and encourage healthy and sustainable industry development.
The recent interest rate increase in Indonesia is seen to have consequences for the insurance industry, particularly on investment value and company liquidity management.
Coface has appointed Mr James Yau as Head of Commercial, Southeast Asia (SEA) and Head of Mid-Market, APAC.
Igloo, Southeast Asia's only full-stack AI insurtech company building the operating system for insurance, announced on Tuesday a strategic partnership with Chubb Life Insurance Vietnam Company Limited and PT Chubb Life Insurance Indonesia (jointly referred to as "Chubb Life") to distribute insurance solutions across Vietnam and Indonesia through Ignite by Igloo, its insurance sales intermediary platform and network.
Regulators, investors and executive leadership teams are increasingly treating cyber incidents not as technical failures but as matters of governance, resilience and accountability.
The depreciation of the Indonesian rupiah is raising concerns among insurers about a potential increase in health insurance claims costs, driven by higher prices for imported medical supplies and equipment.
The credit insurance claims ratio in the combined general insurance and reinsurance industry was 97% in March, an improvement from 108.40% in February 2026, according to data from the Financial Services Authority (OJK).
The Indonesian Export Financing Agency (LPEI) has projected growing demand for export failure insurance products amid rising global geopolitical tensions that are affecting the stability and certainty of international trade for Indonesian exporters.
Swiss Re Asia has appointed Mr Daniel Neo as a member of the Board of Directors, effective 1 June 2026.