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