Ham Victoria Janice Hartono

Our semiannual newsletter explores how Indonesia’s non-life insurance sector is evolving in 2025, including rising overall premiums, innovative new products, and regulatory shifts.

Overall premiums increased 8.7% in the fourth quarter of 2024 over the same period a year ago, according to Milliman’s latest update on recent developments.

In our August review, we detail developments in the non-life insurance market in Indonesia for the first half of 2024.

We recap developments in Indonesia's non-life insurance market for the second half of 2023, including annualized 15.3% premium growth in the fourth quarter.

We recap developments in the non-life insurance market in 2023 in Indonesia, including 16.4% premium growth and a survey about IFRS 17.