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Newsletter

Life in Indonesia: July 2025

8 July 2025

This edition of Milliman’s Indonesia Life Insurance Newsletter reviews market performance for fiscal-year 2024 and key industry developments from first-quarter 2025. We discuss new digital features and new products in traditional and unit-linked markets.

Findings include:

  • Net premium income rose 4.7% in 2024 to about IDR 156 trillion
  • Total income declined 5% to approximately IDR 198 trillion
  • Total expenses fell more than 7% to around IDR 187 trillion
  • Net profit increased by more than 2% to about IDR 8.9 trillion
  • Total assets decreased 2.7% to IDR 585 trillion
  • Technical reserves declined 4% to about IDR 414 trillion

Chong Wen Ang

Farzana Ismail

Richard Holloway

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