Reinsurance News
Indonesia
ISF supports parametric insurance scheme to protect Indonesia’s coffee and cocoa farmers
18th March 2026
The InsuResilience Solutions Fund (ISF) is co-funding the development and implementation of a national parametric insurance scheme designed to protect Indonesia’s coffee and cocoa farmers from the escalating risks of climate change. The initiative is a collaborative effort with Blue Marble Microinsurance, a London-based InsurTech company, and PT Asuransi Jasa Indonesia ... Read the full article
Blue Marble makes ‘largest ever’ parametric payout to smallholder farmers in Indonesia
26th February 2026
Blue Marble, a firm that provides insurance protection for underserved communities, has reportedly made the largest parametric insurance payout ever recorded to smallholder farmers in Indonesia, with all 2,719 farmers enrolled in the program receiving payouts and total claims exceeding IDR 2.4 billion. According to Blue Marble, the recent floods in ... Read the full article
AM Best maintains stable outlook on Indonesia’s non-life insurance market
9th October 2025
AM Best has maintained its stable outlook on Indonesia’s non-life insurance segment, citing resilient growth prospects, ongoing regulatory improvements, and strong investment returns. The rating agency expects continued expansion in Indonesia’s non-life market, supported by infrastructure development, solid household consumption, and sustained government spending — all of which should drive higher ... Read the full article
Indonesian re/insurers’ higher equity thresholds to accelerate consolidation: Fitch
7th October 2025
Fitch Ratings expects that higher minimum equity thresholds for Indonesian insurers and reinsurers will accelerate market consolidation, as weaker insurers may seek additional capital to meet the tougher requirements or become acquisition targets. The first stage of the higher threshold takes effect at the end of 2026, with roughly 90% of ... Read the full article
Indonesia explores relaxing regulations to allow reinsurers to establish domestic branches
10th June 2025
In a press conference covered by the Jakarta Globe, Indonesia’s Financial Services Authority (OJK) confirmed that the country is planning to explore relaxing regulations to promote multinational reinsurance companies to open branches in Indonesia. This follows response to a widening deficit in the country’s reinsurance balance of payments. Indonesia recorded a ... Read the full article
AM Best revises Indonesia’s non-life insurance segment to stable
8th October 2024
Global credit rating agency AM Best has confirmed that it has revised the outlook to stable from negative for Indonesia's non-life insurance segment, owing to a number of factors that include solid growth prospects, the potential for compulsory third-party liability (TPL) insurance for motorists, and regulatory changes that are expected ... Read the full article
Fitch expects new regulations to enhance Indonesia’s re/insurance sector
22nd February 2024
Fitch Ratings reports that new regulations for Indonesian insurers and reinsurers are likely to reduce the number of companies operating in the sector and encourage a healthier competitive environment. The country's Financial Services Authority will significantly raise minimum equity requirements starting from the end of 2026. Currently, Indonesian insurers must maintain a ... Read the full article
AM Best maintains negative outlook on Indonesia non-life insurance segment
11th October 2023
Global ratings agency AM Best has confirmed that it is maintaining a negative outlook on the Indonesia non-life insurance segment. The agency cities heightened reinsurance credit risk and potential pressure on underwriting margins owing to rising reinsurance costs and more-restrictive coverages, as the key reasons behind the negative outlook. In a new ... Read the full article
Indonesia’s insurance market struck by domestic reinsurer’s weakened solvency position: AM Best
5th May 2023
According to a new report from AM Best, concerns over the actual and prospective solvency levels at what was recently Indonesia’s largest domestic reinsurer has limited its ability to write new business, and prompted cedants to place coverage elsewhere during the 1/1 renewals. The report, titled “Indonesian Market Hampered by Weakened ... Read the full article
WTW to support Indonesian government with climate transition
18th November 2022
Broking and solutions company, WTW has announced the launch of a new sovereign risk management programme developed to help Indonesia plan and implement an orderly long-term low carbon transition. The announcement was made during the G20 Leaders’ Summit in Bali. As the world’s largest thermal coal exporter, Indonesia is highly exposed to ... Read the full article
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