The Financial Services Authority (OJK) has assessed that the insurance industry has room for growth in the second half of 2026. Aside from investments, several business lines, including Shariah life insurance, are considered to have positive prospects even though the industry faces economic dynamics.
The development of the Hajj and Umrah ecosystem is seen as a strategic opportunity to expand the Shariah insurance participant base through a pilgrim protection consortium, according to the Indonesian Shariah Insurance Association (AASI).
Life insurance industry premium income on an unweighted basis went up 8.2% y-o-y in the first half of 2026 to touch IDR94.75tn ($5.36bn).
Indonesian travellers are increasingly buying travel insurance at the eleventh hour, with medical protection emerging as their overwhelming priority, according to new data from Igloo.
SEADRIF Insurance Company has appointed Ms Felicia Khoo as Strategic Development Lead.
The gold Exchange Traded Fund (ETF) launched by the Indonesia Stock Exchange (IDX) presents a new opportunity for the insurance industry in Indonesia, according to the Coordinating Minister for Economic Affairs Airlangga Hartarto.
The Financial Services Authority (OJK) has revealed that the commercial insurance industry's premium income reached IDR170.98tn ($9.58bn) in the first half of 2026, representing a 2.84% year-on-year (yoy) growth compared to IDR166.26tn in the first half of 2025.
The 1.7% year-on-year increase in premiums generated by the general insurance industry in the first quarter of 2026 is a signal that the sector needs comprehensive improvement, according to Mr Budi Herawan, Chairman of the Indonesian General Insurance Association (AAUI).
Aon has appointed Stephen as CEO for Indonesia, effective 3 August 2026, subject to regulatory approval.
Reasuransi Indonesia Utama (Persero), or Indonesia Re, has affirmed that strengthening the capacity of the reinsurance industry is a critical foundation for building a healthier, more resilient national insurance industry capable of supporting Indonesia's economic growth amid increasingly complex risks.