The insurance industry in Indonesia had a varied performance in February 2026. The life insurance sector recorded limited growth in premium income, while the general insurance and reinsurance industry showed a more significant increase.
As reported by the Financial Services Authority’s (OJK) Chief Executive of Insurance, Guarantee, and Pension Fund Supervision Ogi Prastomiyono, life insurance premium income reached IDR32.39tn ($1.89bn) in February 2026.
“This represents a growth of 0.12% year-on-year,” said Mr Prastomiyono during the OJK Rapat Dewan Komisioner Bulanan (RDKB) presentation on 6 April.
On the other hand, premiums from general insurance and reinsurance saw a much more substantial increase. Total premiums from these two segments reached IDR29.98tnn in February 2026, showing year-on-year growth of 7.41%.
Despite the limited growth in life insurance premiums, the capitalisation remains very strong in the industry. OJK recorded that the aggregate solvency ratio of the life insurance industry was 480.83% and the aggregate of the general insurance industry was 372.98% as of 28 February 2026.
Mr Prastomiyono added that this RBC level is still far above the minimum threshold of 120%, indicating the financial resilience of the industry.
Cumulatively, commercial insurance premium income reached IDR62.37tn in February 2026. This figure reflects y-o-y growth of 3.50%.
As additional information, OJK also recorded that the total assets of the insurance industry, as a whole, reached IDR1,219.35tn as of 28 February 2026. Total assets showed a growth of 6.80% compared to a year ago.