The Indonesian insurance industry continues to move dynamically amidst various economic, regulatory, and business sector changes. From the impact of the weakening rupiah, changes in export policies, increases in the BI Rate, to high claims ratios in several business lines, all of these developments are of critical concern to industry players and the public. Understanding the latest information not only helps keep abreast of market trends but also provides a foundation for making more informed risk management and protection decisions.
Here’s a summary of the 7 most interesting insurance news stories you should know this week.
One-Stop Exports Concerns the Insurance Industry? OJK Reveals Marine Cargo Premiums Remain Stable!
The transition period to the one-stop export policy through PT Danantara Sumberdaya Indonesia (PT DSI) has raised concerns for the marine cargo insurance industry. Changes in export governance have the potential to impact logistics flows, trade documentation, and export-import activities, which are the primary source of business for this insurance industry.
However, the Financial Services Authority (OJK) confirmed that the industry remains relatively stable. As of April 2026, marine cargo insurance premium revenue reached Rp2.85 trillion, with claims totaling Rp580 billion. This achievement demonstrates the continued high demand for protection against freight risks, supported by ongoing trade and distribution activities.
Ogi Prastomiyono, Chief Executive of the Insurance Supervisory Agency (OJK), emphasized that the regulator continues to monitor the implementation of the one-stop export policy and its impact on the insurance and trade credit insurance industries. Despite changes to the export system, business players’ need for logistics risk protection is not expected to diminish.
Going forward, the marine cargo insurance business outlook will be significantly influenced by investment growth, national and international trade volumes, and the implementation of various strategic projects in the logistics sector. As long as export and import activity continues to grow, demand for marine cargo insurance coverage is expected to continue to grow. The industry now needs to ensure it can adapt to regulatory changes without compromising the quality of protection for businesses.
The Transitional Season is Coming! AAUI Warns Health Insurance Claims Could Surge, with These Diseases Most Common
The transitional season is once again a concern for the insurance industry. The Indonesian General Insurance Association (AAUI) warns that changing weather conditions could potentially increase the frequency of health insurance claims, as people become more susceptible to various seasonal illnesses.
AAUI Chairman Budi Herawan explained that diseases such as dengue fever (DHF), typhoid, acute respiratory infections (ARI), diarrhea, and skin infections generally increase during seasonal changes. This condition tends to increase the number of outpatient and inpatient claims compared to normal periods.
However, AAUI believes that a surge in claims may not necessarily be accompanied by a significant increase in claim amounts. The amount of costs an insurance company must pay still depends on the severity of the disease, the length of treatment, the location of the case, and the cost of services at the healthcare facility. Under normal conditions, claims due to tropical diseases are estimated to contribute between single digits and 10% of total health claims, although this figure can increase during local outbreaks, floods, or spikes in dengue fever cases.
On the other hand, chronic diseases such as heart disease, cancer, stroke, kidney failure, and diabetes continue to contribute significantly to health claims. Therefore, insurance companies need to anticipate the increased frequency of seasonal disease claims, while the public is also encouraged to maintain their health during the transitional season to minimize the risk of illness and medical costs.
Don’t Just Run Red Lights! Your Vehicle Insurance Claim Could Be Rejected, Here’s Why!
Traffic violations, often considered trivial, can actually have far greater consequences than simply receiving a ticket. Besides increasing the risk of accidents, actions such as going against the flow of traffic, running red lights, using the shoulder of a toll road, or driving without proper paperwork can also result in a vehicle insurance claim being denied.
Astra Insurance reminds us that vehicle insurance coverage has terms and exclusions that every policyholder must comply with. According to the Indonesian Standard Motor Vehicle Insurance Policy (PSAKBI), insurance companies have the right to reject claims if an accident occurs due to a legal violation or driver negligence.
Some conditions that can invalidate a claim include the vehicle being driven without a valid driving license (SIM), the driver being under the influence of alcohol or illegal drugs, and the use of the vehicle in violation of traffic signs or being used on roads not intended for its intended purpose.
Head of PR, Marcomm & Event Asuransi Astra, Laurentius Iwan Pranoto, emphasized that seemingly simple violations can result in significant financial losses when vehicle repair costs must be borne by the individual.
Therefore, vehicle owners need not only to ensure their insurance policies are still active, but also to always comply with traffic regulations. Driving safely not only ensures the safety of themselves and other road users, but also ensures that their insurance coverage remains valid in the event of an unforeseen event.
BI Rate Hike Leads to Change in Insurance Investment Strategies! OJK Reveals Industry’s Biggest Challenges in 2026
The increase in the benchmark interest rate, or BI Rate, not only impacts the banking and business world but also impacts the investment strategies of insurance companies. The Financial Services Authority (OJK) emphasized that changes in the BI Rate are a key factor the industry considers when managing investment funds derived from customer premiums.
According to Ogi Prastomiyono, Chief Executive of the Financial Services Authority (OJK), the BI Rate increase primarily impacts fixed-income and money market instruments, which are part of insurance companies’ investment portfolios. However, investment returns are influenced not only by interest rates but also by financial market conditions, asset price movements, and the composition of each company’s portfolio.
Amid these dynamics, the Financial Services Authority (OJK) noted that the industry’s investment performance continued to show positive results. As of April 2026, the investment yield for conventional general insurance increased to 0.55% from 0.27% the previous month. Meanwhile, Sharia general insurance also recorded an increase in investment yield to 0.44% from 0.36%.
However, the OJK warned that the industry’s primary challenge going forward is maintaining a balance between optimizing investment returns and managing risk. Amid global market volatility and fluctuating interest rates, insurance companies are required to implement prudent principles, strengthen risk management, and maintain asset quality to ensure they can meet their obligations to policyholders and maintain long-term financial stability.
Premiums at Rp6.69 Trillion, but Claims Nearly Spent! OJK Highlights Credit Insurance Conditions in 2026
Credit insurance remains one of the most important business lines in the general insurance industry, supporting financing and credit distribution across various economic sectors. However, despite the positive outlook, the Financial Services Authority (OJK) warns of significant pressure due to the high claims ratio, which nearly equals premium income.
As of April 2026, the Financial Services Authority (OJK) recorded credit insurance premiums reaching Rp6.69 trillion, while claims had reached Rp6.66 trillion. This means the claims ratio reached 99.48%, meaning almost all premiums received by companies were used to pay claims. This situation is a serious concern as it could impact the profitability and financial health of insurance companies.
Nevertheless, the Financial Services Authority (OJK) assesses that the prospects for credit insurance remain promising, given the high demand for financing in the real sector. To maintain business sustainability, insurance companies are encouraged to strengthen their underwriting processes, improve portfolio quality, and implement more disciplined risk management.
Furthermore, the Financial Services Authority (OJK) continues to evaluate the implementation of OJK Regulation No. 20 of 2023 concerning the risk-sharing (co-sharing) scheme between insurance companies and banks. While still facing challenges in harmonizing business processes, this policy is expected to improve financing quality, strengthen industry governance, and create a healthier, more sustainable credit insurance business, while still supporting national economic growth.
Now that the One-Stop Export Policy has come into effect, why are marine cargo insurance premiums stable? The Financial Services Authority (OJK) explains why!
Amidst the transition period of the one-stop-shop export policy, the Financial Services Authority (OJK) has confirmed that the performance of the marine cargo insurance business line remains stable. As of April 2026, marine cargo premium revenue reached Rp2.85 trillion, with claims totaling Rp580 billion. According to the OJK, ongoing trade and distribution activities are the primary factors supporting the performance of this business line.
However, this situation contrasts with the performance of the general insurance and reinsurance industry as a whole. The Financial Services Authority (OJK) recorded that industry premium income reached IDR 53.43 trillion as of April 2026, a 4.32% contraction compared to the same period the previous year. This indicates that the industry remains facing significant challenges, particularly amidst changing economic conditions and trade policies.
The Financial Services Authority (OJK) is also continuing to monitor the implementation of the one-stop export policy, which is still in the transitional phase. While it could potentially alter administrative processes and the logistics chain, the regulator assesses that the need for protection against risks in transportation, trade, and export-import activities will remain high, thus maintaining strong prospects for the marine cargo business.
To maintain healthy growth, the Financial Services Authority (OJK) is encouraging insurance companies to strengthen risk management, improve underwriting quality, and diversify their portfolios. These steps are considered crucial for the industry’s ability to adapt to policy changes and seize the growing business opportunities in the national logistics and trade sectors.
Rupiah Weakens, Insurance Industry Threatened? OJK Reveals Most Affected Business Lines!
The weakening of the rupiah against the US dollar is one of the challenges the insurance industry is constantly monitoring. The Financial Services Authority (OJK) assesses that exchange rate fluctuations could impact several business lines, particularly those with exposure to assets, projects, or insurance coverage in foreign currencies. However, the regulator ensures that the industry remains under control.
According to Ogi Prastomiyono, Chief Executive of the Financial Services Authority (OJK), insurance companies have been able to manage these risks through the implementation of sound risk management, prudent retention policies, and adequate reinsurance program support. These measures are considered effective in maintaining company stability amidst global economic pressures.
The Financial Services Authority (OJK) also noted that the property insurance sector remains one of the industry’s largest contributors. As of April 2026, property insurance premiums reached Rp10.96 trillion, with claims valued at Rp4.28 trillion. Meanwhile, property reinsurance premiums reached Rp4.51 trillion, with claims valued at Rp1.30 trillion. The outlook for this sector remains positive, driven by continued infrastructure development, property sector growth, and the increasing need for asset protection.
Despite this, the general insurance and reinsurance industry as a whole continues to face pressure. Premium income fell 4.32% year-on-year to Rp 53.43 trillion through April 2026. AAUI assessed that this contraction was triggered by the economic slowdown, delays in corporate policy renewals, weakening consumer purchasing power, and tightening underwriting in business lines with high claim ratios. This situation serves as a reminder that risk management and adaptive business strategies will be key to maintaining industry growth amid economic uncertainty.
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These developments demonstrate that the insurance industry faces increasingly complex challenges, ranging from global economic pressures, changing government policies, and financial market dynamics. However, despite these challenges, numerous opportunities remain for companies that can adapt, strengthen risk management, and provide protection solutions relevant to market needs.
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