{"id":7696,"date":"2025-09-08T12:35:15","date_gmt":"2025-09-08T05:35:15","guid":{"rendered":"https:\/\/ligaasuransi.com\/?p=7696"},"modified":"2025-09-08T12:35:15","modified_gmt":"2025-09-08T05:35:15","slug":"rumah-pejabat-dijarah-apakah-koleksi-mewah-hewan-peliharaan-bisa-ditanggung-asuransi-dan-7-berita-asuransi-terupdate-dan-terlengkap","status":"publish","type":"post","link":"http:\/\/ligaasuransi.com\/en\/rumah-pejabat-dijarah-apakah-koleksi-mewah-hewan-peliharaan-bisa-ditanggung-asuransi-dan-7-berita-asuransi-terupdate-dan-terlengkap\/","title":{"rendered":"Officials&#8217; Homes Looted: Can Luxury Collections and Pets Be Covered by Insurance?: And 7 of the Most Updated and Comprehensive Insurance News"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The insurance industry continues to be in the spotlight amidst economic dynamics, social risks, and developments in financial technology. From the revocation of business licenses of giant companies like Jiwasraya to rising claims due to riots, critical illnesses, and fluctuating export trends, the insurance world presents stories relevant not only to industry players but also to the wider public. This article summarizes seven recent news stories highlighting key developments, challenges, and opportunities in the Indonesian insurance sector, including unique protections for luxury collectibles and pets, which are currently in the public eye.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">OJK Revokes Jiwasraya&#8217;s Business License, Ending the Insurance Giant&#8217;s Long Journey<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Financial Services Authority (OJK)officially revokes business permitPT Jiwasraya Insurance (Persero)in the field of life insurance. This decision is stated inKEP-9\/D.05\/2025 dated January 16, 2025, marking the end of the long journey of one of the oldest insurance companies in Indonesia.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Operational Prohibition &amp; Liquidation Obligation<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Since the permit was revoked, Jiwasraya prohibited from carrying out life insurance business activitiesShareholders, directors, commissioners, and even employees may not transfer, pledge, or take any action that could reduce the value of the company&#8217;s assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">OJK requires Jiwasraya to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Stop all business activities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare the closing balance sheet within a maximum of 15 days after the permit is revoked<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">HoldingGMSno later than 30 days to decide on dissolution and form a liquidation team<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Referring to the letter from the Minister of State-Owned EnterprisesS-30\/MBU\/01\/2025Jiwasraya finally held a GMS on January 22, 2025 and officially formed a liquidation teamAll staff are required to submit important data and documents without hindering the process.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Jiwasraya&#8217;s Long History<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Initially established during the Dutch colonial period with the nameNILLMIJ (Dutch East Indies Life Insurance and Annuity Company).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Din nationalization post-independence and officially becamePT Jiwasraya Insurance (Persero)in 1973.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For decades, Jiwasraya has been known as one of the icons of the Indonesian life insurance industry.<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">Financial Scandals &amp; Corruption Cases<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The turning point occurred in 2018, when there was a product problemJS Saving Planemerged. The Attorney General&#8217;s Office&#8217;s investigation revealed the existence of corruption cases with state losses reaching tens of trillions of rupiahA number of Jiwasraya officials and related parties have been named as suspects.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Government Restructuring &amp; Solutions<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">To protect police officers, the government conducts restructuring scheme with a big step:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Police diversion\u2192 almost all Jiwasraya policies were transferred toPT IFG Life Insurance (IFG Life).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Restructuring\u2192 ensures that policyholders remain protected even if the parent company ceases operations.<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">End Point: Jiwasraya Liquidation<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">With the revocation of the permit by the OJK in January 2025,Jiwasraya officially ceases operations and is now undergoing the process of full liquidation. The end of this journey also marks the end of the long history of one of the most legendary insurance companies in the country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source:<\/span><a href=\"https:\/\/palu.tribunnews.com\/news\/167657\/ojk-resmi-cabut-izin-usaha-pt-asuransi-jiwasraya-di-bidang-asuransi-jiwa?page=1\"> <span style=\"font-weight: 400;\">https:\/\/palu.tribunnews.com\/news\/167657\/ojk-resmi-cabut-izin-usaha-pt-asuransi-jiwasraya-di-bidang-asuransi-jiwa?page=1<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Riots Cause Heavy Losses to Buildings and Public Facilities, RSMDCC Insurance Claims Immediately Flood In<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A number of public facilities (fasum) and government buildings affected by the recent mass riots have now begun filing insurance claims. This was conveyed by the Chief Executive of the Insurance, Guarantee and Pension Fund Supervisory Agency of the Financial Services Authority (OJK), Ogi Prastomiyono, in a press conference on the results of the OJK RDKB, Thursday (4\/9\/2025).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Ogi, several public facilities affected by the riots are in the claims process, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ciracas Police Station<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Jambi High Prosecutor&#8217;s Office<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mamuju High Prosecutor&#8217;s Office<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Front fence of the MPR\/DPR Building<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DJKN Building, Jakarta Regional Office<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The buildings are guaranteed by the State Property Insurance Consortium (KABMN).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, a number of buildings protected by private insurance companies also filed claims, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">South Sulawesi DPRD Building<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Grahadi Building Surabaya<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">3 police posts in Slipi, Salemba, and Gunung Sahari<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A hotel in Bandung<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">Not all vehicles are covered<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Not only buildings,motor vehicles were also affected. However, Ogi emphasized that there were many vehicles that did not have a riot insurance policy, especially vehicles purchased through banks or multi-finance institutions. As a result, the owner&#8217;s losses cannot be covered.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">RSMDCC Insurance in the Spotlight<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">On this occasion, Ogi emphasized the importance of additional insurance with the risk of riots or Riot, Strike, Malicious Damage, and Civil Commotion (RSMDCC)This product is highly relevant because it provides protection against losses due to riots, both to public and private assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We are encouraging increased protection of state assets through KABMN, as many state assets remain unprotected,&#8221; Ogi said.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Awareness Predicted to Increase<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The OJK is optimistic that public, corporate, and government awareness of the importance of RSMDCC protection will continue to grow. Losses due to riots can reach astronomical figures, and only insurance can be a last resort financial defense.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source:<\/span><a href=\"https:\/\/www.cnbcindonesia.com\/market\/20250904101333-17-664192\/pagar-dpr-grahadi-pos-polisi-terdampak-demo-ajukan-klaim-asuransi\"> <span style=\"font-weight: 400;\">https:\/\/www.cnbcindonesia.com\/market\/20250904101333-17-664192\/pagar-dpr-grahadi-pos-polisi-terdampak-demo-ajukan-klaim-asuransi<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">WOW! Indonesian Insurance Assets Reach Rp 1,169 Trillion, Here&#8217;s the Breakdown!<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Indonesia&#8217;s financial services industry continues to show positive performance amidst economic dynamics.Financial Services Authority (OJK)recorded, as of July 2025national insurance industry assets reached Rp 1,169.64 trillion, growing 3.30% annually (<\/span><i><span style=\"font-weight: 400;\">year-on-year\/YoY<\/span><\/i><span style=\"font-weight: 400;\">).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chief Executive of the Insurance, Guarantee and Pension Fund Supervisory Agency (PPDP) of the Financial Services Authority (OJK),Ogi Prastomiyono, stressed that the insurance sector remains solid.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Commercial Insurance Performance<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Total assets:Rp. 948.40 trillion (+3,99% YoY)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Premium income January\u2013July 2025:Rp. 194.55 trillion (+0,77% YoY)<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Life insurance premiums:Rp. 103.42 trillion(down 0.84%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">General insurance &amp; reinsurance premiums:Rp 91.13 trillion (+2,67%)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">From a capital perspective, the commercial insurance industry is considered very healthy.Risk-Based Capital (RBC)recorded well above the 120% threshold:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Life insurance: 471,23%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">General insurance &amp; reinsurance:312,08%<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">Non-Commercial Insurance<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Insurance that coversBPJS Health, BPJS Employment, and ASN\/TNI\/Polri programs also recorded growth:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Total assets:Rp. 221.24 trillion (+0,44% YoY)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Award: Rp. 110.57 trillion (+5,58% YoY)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Claim:Rp. 113.53 trillion (+6,05% YoY)<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">Pension Funds Grow Higher<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The pension fund industry recorded even stronger growth:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Total assets:Rp. 1,593.18 trillion (+8,72% YoY)<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Voluntary retirement program:Rp. 392.56 trillion (+4,66%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Mandatory pension program:Rp. 1,200.56 trillion (+10,12%)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">However, the number of participants in the voluntary retirement program decreased slightly to 5.36 million people, while the mandatory pension participants actually increased to 23.74 million people.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Guarantee Sector<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Total assets:Rp. 48.37 trillion (+1,69% YoY)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Guarantee service value:Rp. 4.44 trillion<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Guarantee claim:down 17.75%to Rp. 4.14 trillion<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ogi also emphasized that the OJK will continue to strengthen the insurance, guarantee, and pension fund ecosystems. One way is by accelerating the establishment ofAceh Sharia Jamkrida And Jamkrida North Sumatra, as well as attending the first re-insurance company in Indonesia which was officially established in August 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source:<\/span><a href=\"https:\/\/kumparan.com\/kumparanbisnis\/aset-industri-asuransi-tembus-rp-1-169-triliun-per-juli-2025-tumbuh-3-30-persen-25msS6Ev8wQ\/full\"> <span style=\"font-weight: 400;\">https:\/\/kumparan.com\/kumparanbisnis\/aset-industri-asuransi-tembus-rp-1-169-triliun-per-juli-2025-tumbuh-3-30-persen-25msS6Ev8wQ\/full<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Coal Exports Drop Nearly 7%, Impacting Marine Cargo Insurance Performance<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The general insurance industry is again facing new challenges.Indonesian General Insurance Association (AAUI)noted that the decline in coal export volume also affected the performance of the coal line.marine cargo insurance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data fromCentral Statistics Agency (BPS)shows, as of July 2025 coal exports will only reach214.71 million tons, down6.96% year-on-year (YoY).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chairman of AAUI,Budi Herawan, explained that coal is one of the main commodities in the transportation of export goods which is guaranteed by marine cargo insurance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;With the decline in coal exports, there is automatically an impact on marine cargo insurance, although it is not the only factor,&#8221; explained Budi.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Marine Cargo Premiums See Slight Correction<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The effect of this decline in coal exports can be seen inmarine cargo insurance premiumscontracted0,4% YoYas of June 2025, with a value reachingRp. 2.77 trillion.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Diversification is the Key<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Budi emphasized the importance of portfolio diversification for the general insurance industry so that it does not become too&#8230;relies on coal commodities. Great potential can also come from other export commodities, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coconut palm oil<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fishery products<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rubber<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manufacturing<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In addition, exporters&#8217; awareness of the importance of insurance protection also needs to be improved so that marine cargo insurance coverage is wider.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">AAUI&#8217;s encouragement<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">AAUI encourages general insurance companies to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maintaining quality underwriting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengthening cooperation with exporters and freight forwarder<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Educating the market to increase the use of cargo insurance<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With this strategy, it is hoped that the performance of the insurance line will ensure Marine cargo remains stable even though coal exports are weakening.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source:<\/span><a href=\"https:\/\/keuangan.kontan.co.id\/news\/penurunan-ekspor-batubara-turut-pengaruhi-kinerja-asuransi-marine-cargo\"> <span style=\"font-weight: 400;\">https:\/\/keuangan.kontan.co.id\/news\/penurunan-ekspor-batubara-turut-pengaruhi-kinerja-asuransi-marine-cargo<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Officials&#8217; Homes Looted: Can Luxury Collections and Pets Be Covered by Insurance?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The recent looting of official homes has drawn public attention. This case raises questions:Can luxury collections and pets be covered by insurance?<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Luxury Collections Are Among Insurable Assets<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Vice Chairman Indonesian General Insurance Association (AAUI)Statistics and Research Division,Trinita Situmeang, explaining that collector&#8217;s items, such asIron Man statue belonging to Member of Parliament Sahroni, can be categorized as property assets that can be insured.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Insurance for collectors&#8217; items is similar to motor vehicle insurance. There are specific categories based on the coverage amount, and underwriters will consider specific terms and conditions for these luxury items,&#8221; Trinita explained at the AAUI press conference in Jakarta on Monday (September 1, 2025).<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Pet Insurance<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Responding to looting casesUya Kuya&#8217;s cat, General Chairman of AAUIBudi Herawan revealed that currently there are several companies that provide pet insurance products.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Generally, this policy covers animal risks.sick or stolenHowever, Budi added, there is no certainty whether this protection also covers risk of riots or mass looting.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Viral Looting Case<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Saturday, August 30, 2025 \u2192 House of Members of the Indonesian House of Representatives Ahmad Sahroni in Tanjung Priok, looting was carried out by residents. The incident went viral after residents ran off with the goods.Iron Man statues, luxury watches, and even damaged cars.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Similar cases also hit the house of a member of the Indonesian House of RepresentativesSurya Utama alias Uya Kuya, who admitted that his pet cat was also looted.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Source:<\/span><a href=\"https:\/\/www.cnbcindonesia.com\/market\/20250902081042-17-663465\/iron-man-sahroni-kucing-uya-kuya-punya-asuransi-ini-penjelasannya\"> <span style=\"font-weight: 400;\">https:\/\/www.cnbcindonesia.com\/market\/20250902081042-17-663465\/iron-man-sahroni-kucing-uya-kuya-punya-asuransi-ini-penjelasannya<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Hundreds of Billions Paid for Cancer and Heart Diseases: Proof That Insurance is So Important!<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">PT MSIG Life Insurance Indonesia Tbk (MSIG Life)reported payments for health claims and deaths with fantastic values, reachingRp. 480 billion. The latest data shows that cancer and heart attacks became the largest contributor to the increase in claims.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Health Claims Up 57%<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Of the total claims,Rp385 billion came from health claims, which soared 57% compared to the same period last year. This spike is mainly due to the increase in casescritical illness.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cancer claims rise22%compared to 2024.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Heart attack claims skyrocketed almost68%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The majority of claims come from groups productive age 30\u201345 years.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u201cThis data confirms that serious health risks can occur at any time&#8221;Even when someone is of productive age, actively working, and raising a family. With insurance protection, families still have financial security,&#8221; he explained.Lukman Auliadi, Head of Customer &amp; Marketing MSIG Life, Monday (1\/9\/2025).<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Company Finances Remain Healthy<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">MSIG Life notesRisk-Based Capital (RBC)as big as1,639.57% per July 2025, far above the OJK minimum requirement of120%This confirms the company&#8217;s ability to bear risks and maintain its commitment to paying claims to customers.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Claims Trends in the Life Insurance Industry<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">According to industry data, throughout January\u2013June 2025:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Total life insurance claims: Rp. 72.47 trillion, given to 5.01 million beneficiaries.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This figure is down 6.7%compared to last year, mainly due to a decrease in claimsPartial Withdrawal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Health claims actually rose by 3.2%to Rp. 12.20 trillion.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Health claims individually jumped 25.5% \u2192 Rp9.56 trillion.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Health claims group down 37.2% \u2192 Rp2.64 trillion.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Increased claims due to cancer and heart attacksThis is an alarming situation for the public, especially the productive age generation. With medical costs continuing to rise, health and life insurance are no longer an option, but an essential necessity to protect the family&#8217;s financial stability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source:<\/span><a href=\"https:\/\/www.cnbcindonesia.com\/market\/20250901163511-17-663337\/kanker-serangan-jantung-picu-lonjakan-klaim-asuransi\"> <span style=\"font-weight: 400;\">https:\/\/www.cnbcindonesia.com\/market\/20250901163511-17-663337\/kanker-serangan-jantung-picu-lonjakan-klaim-asuransi<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">5 Tough Challenges of Credit Insurance for Online Loan Companies: High Risk but Tempting Potential<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Industryfintech P2P lending (pinjol)continues to grow as a financing alternative for MSMEs and unbanked individuals. However, behind this significant opportunity, there are a number of serious challenges for general insurance companies seeking to market their products.credit insurance for online loans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to President Director of PT Asuransi Asei Indonesia, Dody Achmad Sudiyar Dalimunthe, at least there are five main challenges to face:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">1. Moral Hazard Risk<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Potential risks arise from both borrowers and lenders. Because this ecosystem is relatively new, oversight is still developing.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">2. Data Limitations &amp; Transparency<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The lack of detailed data on debtor quality often hampers the accuracy of risk assessments.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">3. High NPL (Non-Performing Loan)<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The default rate for online loans is relatively higher than for bank loans, thus increasing the risk for lenders and insurers.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">4. Regulations Still Developing<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The credit insurance business model for online loans is still being discussed by regulators and associations. This means that the products offered must strictly comply with regulations to remain safe and legal.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">5. Reinsurance Support Needs<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Because its risk profile is different from conventional credit, reinsurance is important to strengthen the capacity and risk mitigation of insurance companies.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Huge Potential for Loan Insurance<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Despite the challenges, Dody emphasized that the potential for loan insurance is very promising. Insurance can play a role in protecting lenders from the risk of default while increasing public trust in the lending ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Insurance can support the growth of financial inclusion, maintain the quality of fund distribution, and strengthen the P2P lending ecosystem,&#8221; he said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Asei Indonesia itself is open to collaborating with lending platforms, but will be selective by considering:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate governance,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Quality of loan portfolio,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compliance with OJK regulations.<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">Bad Debt Trend Begins to Decline<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Interestingly, OJK data shows that as of June 2025 the level of bad credit TWP90 get off from 3.19% (May) become 2.85% (June) However, the OJK emphasized that it will continue to maintain strict oversight, especially for online loan providers with a TWP90 above 5%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Credit insurance for online loans is like a double-edged sword: full of risks, but holding great potential as a source of new business in the digital age. With the right strategy, the insurance industry can play a role in strengthening the lending ecosystem while promoting national financial inclusion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source:<\/span><a href=\"https:\/\/finansial.bisnis.com\/read\/20250903\/215\/1908273\/lima-tantangan-penjualan-asuransi-pinjol-ada-risiko-peminjam-curang\"> <span style=\"font-weight: 400;\">https:\/\/finansial.bisnis.com\/read\/20250903\/215\/1908273\/lima-tantangan-penjualan-asuransi-pinjol-ada-risiko-peminjam-curang<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">&#8212;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These recent events and data underscore the critical role of insurance as a financial protection instrument. From personal assets and health to complex business risks, insurance not only provides security but also underpins economic stability. With increasing public awareness, regulatory support, and product innovation, the insurance industry in Indonesia continues to move forward, facing challenges while opening up significant new opportunities.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>The insurance industry continues to be in the spotlight amidst economic dynamics, social risks, and developments in financial technology. From the revocation of business licenses of giant companies like Jiwasraya to rising claims due to riots, critical illnesses, and fluctuating export trends, the insurance world presents stories relevant not only to industry players but also [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":7697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[183,184,1272],"class_list":{"0":"post-7696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ulas-berita","8":"tag-asuransi-kerusuhan","9":"tag-asuransi-kesehatan","10":"tag-rumah-dpr-dijarah"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/7696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/comments?post=7696"}],"version-history":[{"count":1,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/7696\/revisions"}],"predecessor-version":[{"id":7698,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/7696\/revisions\/7698"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media\/7697"}],"wp:attachment":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media?parent=7696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/categories?post=7696"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/tags?post=7696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}