Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Oct 2026

Market spotlight


Indonesia

Navigating Indonesia's reshaped reinsurance industry

Indonesia’s regulatory push for local risk retention significantly transformed the domestic insurance landscape over the past decade. Even though certain risks, including motor, L&H, credit and cargo, must be ceded locally, there are still opportunities for international reinsurers, particularly in complex risks, as well as collaborations with local (re)insurers.
 

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Regulatory reforms are a game changer

Indonesia is in the midst of one of the most significant overhauls of its insurance regulatory set up, through which it intends to build a highly resilient financial ecosystem.
 

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Indonesia life insurers shift towards protection as unit-linked demand wanes

Indonesia’s life insurance market is undergoing a structural shift towards simpler, protection-oriented products, while insurers face pressure from rising health costs, affordability concerns and a sizeable insurance inclusion gap.
 

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Indonesia's insurance brokers move towards advisory-led model

Indonesia’s insurance broking sector is shifting towards greater specialisation and advisory services as corporate clients face increasingly complex risks and demand more sophisticated solutions.
 

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Indonesians redefine financial security as lifespans lengthen and costs increase

An ageing population, longer life expectancy and rising living costs are prompting Indonesian consumers to take a broader view of financial security.
 

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Parametric insurance and supply-chain partnership can close agricultural protection gap

Agricultural communities in Indonesia experience low insurance penetration and significant protection gaps, made more complex by potentially difficult terrain and issues with coverage affordability.
 

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Indonesia moves toward policyholder protection

Indonesia’s government has made several important changes over the past three years to strengthen the industry, increase public awareness and trust of insurance and establish a robust insurance resolution framework.
 

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ICIEC strengthening Indonesia's trade, investment and sustainable growth through Shariah-compliant risk solutions

ICIEC has long since been investing in Indonesia and helping its economic development, through Shariah-compliant insurance coverage and business commitments.