Life Insurance: Liabilities data was reported at 454,221,572.302 IDR mn in Dec 2024. This records an increase from the previous number of 452,182,646.536 IDR mn for Nov 2024. Life Insurance: Liabilities data is updated monthly, averaging 456,479,303.100 IDR mn from Aug 2014 (Median) to Dec 2024, with 125 observations. The data reached an all-time high of 533,938,790.981 IDR mn in Dec 2021 and a record low of 226,078,640.000 IDR mn in Aug 2014. Life Insurance: Liabilities data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGF001: Insurance Statistics: Life Insurance: Balance Sheet.

Indonesia Life Insurance: Income (Loss) Before Tax data was reported at 10,406,505.287 IDR mn in Dec 2024. This records an increase from the previous number of 9,157,840.442 IDR mn for Nov 2024. Indonesia Life Insurance: Income (Loss) Before Tax data is updated monthly, averaging 3,342,614.370 IDR mn from Jan 2015 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 13,080,848.939 IDR mn in Dec 2017 and a record low of -9,282,979.368 IDR mn in Sep 2021. Indonesia Life Insurance: Income (Loss) Before Tax data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGF002: Insurance Statistics: Life Insurance: Income Statement.

As of March 2024, the total value of the sum assured of the life insurance industry in Indonesia amounted to approximately 5,496 trillion Indonesian trillion rupiah. This reflects an increase from the previous year's total of 5,343 Indonesian trillion rupiah.

As of June 2023, property insurances accounted for 25.7 percent of the premiums written in the non-life insurance industry in Indonesia. It was followed by motor vehicle insurances, with 20.1 percent.

As of June 2023, the number of life insurance policies amounted to approximately 27.63 million. In comparison, life insurance policies reached about 17.3 million in 2020.

Indonesia Sharia Life Insurance: Financial Highlights: Density data was reported at 79,839.607 IDR bn in Apr 2023. This records an increase from the previous number of 79,503.816 IDR bn for Mar 2023. Indonesia Sharia Life Insurance: Financial Highlights: Density data is updated monthly, averaging 47,106.117 IDR bn from Jan 2014 (Median) to Apr 2023, with 112 observations. The data reached an all-time high of 87,219.062 IDR bn in Mar 2022 and a record low of 22,190.379 IDR bn in Feb 2014. Indonesia Sharia Life Insurance: Financial Highlights: Density data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGF013: Insurance Statistics: Sharia Life Insurance: Financial Highlights.

Indonesia Insurance Statistic: Policy Insured: Sharia Life Insurance: Market Share data was reported at 25.020 % in 2023. This records a decrease from the previous number of 26.230 % for 2022. Indonesia Insurance Statistic: Policy Insured: Sharia Life Insurance: Market Share data is updated yearly, averaging 11.115 % from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 26.230 % in 2022 and a record low of 6.430 % in 2008. Indonesia Insurance Statistic: Policy Insured: Sharia Life Insurance: Market Share data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGA004: Insurance Statistics: Market Share.

Graph and download economic data for Non-Life Insurance Premium Volume to GDP for Indonesia (DDDI10IDA156NWDB) from 1990 to 2020 about premium, life, Indonesia, insurance, and GDP.

Indonesia Life Insurance: Increase (decrease) in Asset Value data was reported at -15,022,018.234 IDR mn in Dec 2024. This records a decrease from the previous number of -14,575,445.615 IDR mn for Nov 2024. Indonesia Life Insurance: Increase (decrease) in Asset Value data is updated monthly, averaging -4,069,354.922 IDR mn from Aug 2017 (Median) to Dec 2024, with 89 observations. The data reached an all-time high of 27,453,595.577 IDR mn in Aug 2017 and a record low of -49,484,722.437 IDR mn in Mar 2020. Indonesia Life Insurance: Increase (decrease) in Asset Value data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGF002: Insurance Statistics: Life Insurance: Income Statement.

The statistic presents the value of non-life insurance sector in Indonesia from 2009 to 2012 and a forecast thereof until 2025, by type. The value of accident and health sector amounted to approximately 491.43 million U.S. dollars in 2012 and was projected to grow to approximately 1.11 billion U.S. dollars in 2025.

The statistic presents the value of gross premiums written by non-life insurance companies in Indonesia from 2009 to 2012 and a forecast thereof until 2025. The value of non-life insurance sector in Indonesia amounted to approximately 3.9 billion U.S. dollars in 2012 and it was projected to grow to approximately 8.8 billion U.S. dollars in 2025.

In 2023, there were 148 insurance companies in Indonesia, slightly down from the previous year. Among these, 78 were non-life insurance companies, 58 life insurance companies and eight reinsurance companies.

Indonesia Life Insurance: Increase (decrease) in Premium Reserve data was reported at 7,675,727.461 IDR mn in Dec 2024. This records an increase from the previous number of 5,377,424.641 IDR mn for Nov 2024. Indonesia Life Insurance: Increase (decrease) in Premium Reserve data is updated monthly, averaging 2,922,424.257 IDR mn from Jan 2015 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 42,983,612.563 IDR mn in Dec 2016 and a record low of -8,545,765.319 IDR mn in May 2020. Indonesia Life Insurance: Increase (decrease) in Premium Reserve data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGF002: Insurance Statistics: Life Insurance: Income Statement.

Indonesia Life Insurance: Claim and Benefit Paid data was reported at 74,338,437.294 IDR mn in Dec 2024. This records an increase from the previous number of 67,708,224.401 IDR mn for Nov 2024. Indonesia Life Insurance: Claim and Benefit Paid data is updated monthly, averaging 38,442,329.653 IDR mn from Jan 2015 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 85,699,198.865 IDR mn in Dec 2018 and a record low of 4,640,683.304 IDR mn in Jan 2021. Indonesia Life Insurance: Claim and Benefit Paid data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGF002: Insurance Statistics: Life Insurance: Income Statement.

As of 2023, there were 78 general insurance companies in Indonesia, showing a decrease of five companies compared to 2014. Over the same period, there were 58 life insurers in the country.

In 2023, the value of the premiums in Indonesia’s insurance industry increased to approximately 551.4 trillion Indonesian rupiah from about 186.3 trillion rupiah in 2013. As the steady growth in premiums illustrates, the Indonesian insurance market has been growing in recent years, proving its resilience amid the challenges posed by COVID-19. The industry still has considerable potential for development, given the still low penetration rate, stimulated by rising middle-class incomes. Life insurance in Indonesia The life insurance sector leads the Indonesian insurance industry in terms of written premiums. The value of premiums in the life insurance sector amounted to 76 trillion Indonesian rupiah as of June 2023, ahead of premiums written in the non-life insurance sector, which were worth around 49 trillion Indonesian rupiah. The life insurance market is dominated by international players such as Prudential Indonesia and Manulife Indonesia. In 2022, Prudential Indonesia had total assets of around 61 trillion Indonesian rupiah, followed by Manulife Indonesia, with assets of around 59 trillion Indonesian rupiah. Indonesian general insurance market In the general insurance sector, the highest premiums were recorded in property, motor, and credit insurance. Indeed, as of June 2023, property insurance accounted for 25.7 percent of premiums written in the Indonesian non-life insurance sector, followed by motor insurance with 20.1 percent. For these general insurance products, brokers accounted for 33.2 percent of premiums written in the country, followed by direct marketing and leasing channels.

In 2023, the value of the claims in the credit insurance industry of Indonesia amounted to approximately 16.88 trillion Indonesian rupiah. During the same period, property insurance claims amounted to about 6.8 trillion Indonesian rupiah.

As of June 2023, the value of the premiums in the property insurance industry of Indonesia amounted to approximately 12.6 trillion Indonesian rupiah. Motor vehicle insurances followed, with a value of about 9.84 trillion Indonesian rupiah.

As of June 2023, the claims contribution of the credit insurances in Indonesia amounted to 30.5 percent. Motor vehicle insurances followed, with motor vehicle insurances amounting to 16.6 percent.

Indonesia Life Insurance: Non Investment: Other Assets data was reported at 26,987,882.649 IDR mn in Dec 2024. This records a decrease from the previous number of 27,144,067.647 IDR mn for Nov 2024. Indonesia Life Insurance: Non Investment: Other Assets data is updated monthly, averaging 28,751,101.659 IDR mn from Aug 2014 (Median) to Dec 2024, with 125 observations. The data reached an all-time high of 36,574,222.572 IDR mn in Jul 2022 and a record low of 11,284,669.754 IDR mn in Jun 2016. Indonesia Life Insurance: Non Investment: Other Assets data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGF001: Insurance Statistics: Life Insurance: Balance Sheet.