Sompo Insurance Indonesia (Sompo Indonesia), part of Sompo International Holdings Ltd, has announced the official commencement of operations of PT Sompo Insurance Sharia (Sompo Syariah), a new general syariah insurance company.
Since 2017, Sompo Indonesia has provided syariah-based asset protection services, offering insurance solutions tailored to the needs of individuals and businesses while adhering to syariah principles. Over the years, the company has delivered protection to customers while contributing to the growth of syariah financial services in Indonesia.
With the establishment of Sompo Syariah, customers will benefit from more focused services, innovative products and assurance that all operations are conducted in accordance with syariah principles.
The new syariah entity has been established in full compliance with Financial Services Authority (OJK) regulations.
Eric Nemitz, President Director and CEO of Sompo Indonesia, said, “The establishment of Sompo Syariah allows us to serve the community with greater clarity and focus. By creating a dedicated syariah entity, we strengthen our ability to deliver protection that is compliant, responsive, and aligned with the needs of our customers. This step reflects our long-standing commitment to Indonesia and reinforces the trust that has guided our work for many years.
“Sompo Syariah also represents a thoughtful evolution of our syariah services, providing a structure that supports stronger governance, more tailored solutions, and deeper alignment with national priorities. We believe this foundation will enable us to contribute meaningfully to the continued development of Indonesia’s syariah financial ecosystem.”
Ratna Indrayani, CEO of Sompo Syariah, added, “Sompo Syariah reflects our commitment to offering protection that is fair, transparent and grounded in syariah principles. Our focus is on serving the community with solutions that reflect modern needs while staying true to values that provide stability and confidence for our customers. Operating as an entity allows us to concentrate more fully on delivering services that support people in their daily lives.
“We are committed to expanding access to syariah-based protection and strengthening understanding of its benefits. Through education, outreach, and responsible innovation, Sompo Syariah will continue to develop offerings that help more Indonesians engage with syariah finance in a way that is practical, clear, and aligned with their needs.”
Sompo noted that the general syariah insurance industry has demonstrated significant growth. In Q1 2026, general syariah insurance assets grew by 13.77% to reach IDR 10.8 trillion, according to data from the Indonesian Sharia Insurance Association.
