Global Business Guide Indonesia

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Finance | Insurance
Index by sector
General Insurance
Health Insurance

Indonesia Finance Snapshot - Insurance

Total Assets: 323 trillion IDR (October 2015)
Life Insurance Growth: 26.6% (yoy, Q2 015)
General Insurance Growth: 10% (yoy, Q3 2015)
Number of Life Insurance Companies: 50
Number of General Insurance Companies: 81
Conventional Insurance Penetration : 2.51% (September 2015)
Islamic Insurance Penetration: 0.08% (September 2015)
Government Bodies: Bank Indonesia, Ministry of Finance, Financial Services Authority (OJK).
Relevant Law: Presidential Regulation No. 39 of 2014 on the Negative Investment List permits foreign ownership up to 80% in the sector, excluding pensions, and the 2014 Insurance Law introduced increased protection for policyholders.