The Indonesian General Insurance Association (AAUI) expects marine cargo insurance to maintain its growth trend in 2026.
Despite pressures and strong competition, the branch showed resilient performance throughout 2025, indicating room for continued expansion. “The marine cargo sector remains relatively resilient despite tariff competition and rising logistics costs,” AAUI Chairman Budi Herawan told Kontan on 18 January 2026.
According to general insurance industry data, marine cargo premiums reached approximately IDR4.1tn (about $245m) by the third quarter of 2025, reflecting annual growth of around 2% compared with the same period in the previous year.
He noted that the performance of marine cargo insurance is closely linked to national export growth.
Ongoing international trade drives demand for coverage to protect the shipment of goods, both for exports and imports. Indonesia’s export commodity mix, dominated by the mineral and mining sector—including mineral fuels such as coal and nickel—shows that the transport of high-value goods by sea remains active.
It was reported that Mr Budi cautioned that the marine cargo insurance sector would continue to face several challenges, requiring insurers to adopt more disciplined risk management. Key pressures include fierce tariff competition, fluctuating shipment values, geopolitical uncertainties, and potential disruptions in supply chains.
As a result, insurers are encouraged to pursue strategies that go beyond merely raising premiums, emphasising sustainable and balanced growth instead.