Indonesia

Indonesia enters era of digital insurance distribution

Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.

Indonesia enters era of digital insurance distribution

Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.

Indonesia needs a little tech to boost insurance penetration

When compared to GDP, insurance penetration in Indonesia is 1.4%, which is low relative to ASEAN.

CEO unfolds how Indonesian firms can focus on growth amidst new regulations

Whilst the market drives towards growth, new rules shrink insurer presence.

Asei and Seoul Guarantee Ink MoU 

The partnership aims to solidify suretyship and credit insurance in Indonesia.

Digital distribution key to Indonesia market penetration

Insurance leaders share insights on navigating risks, boosting sales, and enhancing customer engagement.

Indonesian fintech protects 200k customers through Qoala, Sompo collab

JULO Protect Plus is the first insurance cover embedded in its virtual credit card solution.

bolttech, HAVA.id partner for SME device protection

Indonesian SMEs can also enjoy an additional 12-month device warranty.

Indonesia to consider mandatory TPL insurance

This move is driven by the increasing number of accidents on the road.

Reinsurance risks increase at Tokio Marine Indonesia

As a small non-life insurer in Indonesia, TMI holds a 2.1% market share.

Indonesia's life insurance to reach $12.1b GWP by 2028

Endowment insurance is forecasted to decline by 7.0% in 2024.

Allianz, GIFT, doctorShare boost remote healthcare in Indonesia

The initiative provided floating hospitals to remote islands in the country.

Indonesia's vehicle sales drop risks finco asset quality

Fitch expects finco sector receivables to grow at a high-single-digit rate in 2024.

Insurance Asia Forum 2024 convenes in Jakarta to shape the future of insurance

The event gathers insurance professionals from across Asia, exploring the evolving realms of risk management, technology, regulations, and customer engagement.

Indonesia lifts sanctions on PT Independen Pialang Asuransi

The broker was able to obtain approval from the authority.

PT Axle Asia revamps as bolttech

bolttech completed the acquisition of the majority stake in Axle Asia in late 2022.

Credit insurance drives BRI's premium increase: Fitch Ratings

The insurer holds a 3% market share in Indonesia’s non-life industry, as of 2023.