By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
LigaAsuransi
Thursday, Jun 26, 2025
  • What's Hot:
  • Ulas Berita
  • Risk Recommendation
  • Berita Kecelakaan
  • Financial Liability
  • Breaking News
  • Asuransi Marine Cargo
  • Marine
    • Asuransi Marine Cargo
    • Asuransi Marine Hull
  • Business
    • Engineering
      • Asuransi Konstruksi
    • Liability
      • Financial Risk
      • Airport Liability Insurance
      • Asuransi Liability
      • Financial Liability
      • General Liability Insurance
      • Liability Insurance
      • Product Liability Insurance
      • Professional Liability Insurance
      • Public Liability Insurance
  • Property
    • Asuransi Properti
    • Asuransi Banjir
    • Property All Risk
  • Retail
    • Motor Vehicle
    • Life & Health
      • Asuransi Kesehatan
      • Asuransi Jiwa
  • Agrobisnis
  • Breaking News
  • Proteksi UMKM
  • Indonesia
    • 中文
Reading: 7 Selections of Indonesian Insurance News April 2024 – Week 4
Subscribe
Font ResizerAa
LigaAsuransiLigaAsuransi
  • Indonesia
  • Home
  • Vehicles Insurance
  • Marine Cargo Insurance
  • Insurance Clause
  • Cyber Risk Insurance
  • General Insurance
  • Golf
  • Risk Recommendation
Search
  • Marines
    • Marine Cargo
    • Marine Hull
    • P&I
    • Shipbuilders
  • Oil and Gas
  • Mining
    • Coal
    • Mining Industry
    • Asuransi Pertambangan
    • Industri Pertambangan
  • Power
    • Asuransi Pembangkit Listrik
  • Infrastructure
  • Commercial
  • Construction
    • Heavy Equipment Insurance
    • Machinery Breakdown Insurance
    • Construction Insurance
  • InsurTech
  • Insurance Update
    • Bedah Polis
    • Bedah Klausul
    • Ulas Berita
    • Tips & Tricks
  • Legal Liability
    • Asuransi Liability
  • Life & Health
  • Indonesia
    • 中文

Trending →

Employee Health Insurance Co-Payment: What Is It, How Does It Work, and How Does It Impact HR?

By Intan Aulia
Tuesday June 24th, 2025

It Turns Out It’s Different! These Are 5 Things That Differentiate Electric Car Insurance and Regular Car Insurance

By Hikmah Herdiana
Wednesday June 25th, 2025

The Myriad Impacts of the Lewotobi Volcano Eruption on the Insurance Industry: From Aviation to Property

By Omar Farhan
Friday June 20th, 2025

Tips for Saving Employee Health Insurance Costs Without Losing Anyone

By Intan Aulia
Friday June 20th, 2025

Understanding Internal Fraud Coverage: Essential Protection for Your Company

By Omar Farhan
Thursday June 19th, 2025
Follow US
©Copyright by Liga Asuransi - PT. L&G Insurance Broker
LigaAsuransi > Blog > Ulas Berita > 7 Selections of Indonesian Insurance News April 2024 – Week 4
Ulas Berita

7 Selections of Indonesian Insurance News April 2024 – Week 4

Intan Aulia
By Intan Aulia
Published Tuesday April 23rd, 2024
348 Views
1 Min Read
Share
SHARE
Table of Content
LOOKING FOR INSURANCE PRODUCTS? DON’T WASTE YOUR TIME AND CONTACT US NOW24 JAM L&G HOTLINE: 0811-8507-773 (CALL – WHATSAPP – SMS)

Liga Asuransi  – Hello risk takers, in the fourth week of April 2024 we will once again discuss developments and events in the world of insurance in Indonesia in the last week, because as we all know, the object of insurance is not only vehicles, life, health or property, but also The scope of objects that can be insured is very wide, especially in the business sector. Almost all business processes from A to Z can be protected by insurance. In this edition, as usual, we have again collected 7 selected news related to insurance that are good for you to know.

As always, if you are interested in this article, please share it with your colleagues so they can understand it as well as you.

Allianz Life Indonesia Releases Premier Legacy Assurance: Traditional Insurance with Maximum Sum Insured of IDR 3 Billion

PT Asuransi Allianz Life Indonesia (Allianz Life) has launched its newest product, Premier Legacy Assurance, which offers a maximum sum assured of up to 300%. This means that customers can get insurance money of IDR 3 billion.

According to the Country Chief Product Officer of Allianz Life Indonesia, Himawan Purnama, customers will receive an additional 20% sum insured every 5 years of the policy period. Thus, customers can gain more benefits from this product.

The premium for this product is priced at IDR 500 million for direct payments or IDR 170 million per year with three periodic payments. Premier Legacy Assurance is a traditional type of insurance that does not have an investment element in it.

Himawan explained that Allianz manages its policyholders’ premiums by relying on investment instruments, especially Government Securities (SBN). The company has chosen underlying assets that are measurable and not aggressive, with one of the main choices being government bonds.

Meanwhile, the results of this product collaboration were carried out with PT Bank HSBC Indonesia. Premier Legacy Assurance offers strong financial protection with a large maximum sum insured, providing security and peace of mind for its customers.

Source : https://www.cnbcindonesia.com/market/20240418164122-17-531446/kasih-uang-pertanggungan-300-allianz-andalkan-ini-buat-taruh-uang 

 

PT Asuransi Simas Insurtech Records Growth in Vehicle Insurance Premium Income during Ramadan and Eid 2024

PT Asuransi Simas Insurtech reported positive performance during the Ramadan to Eid 2024 period, especially in vehicle insurance premium income. According to the President Director of Simas Insurtech, Teguh Aria Djana, the company recorded vehicle insurance premium income of IDR 18 billion during that period, which shows growth of 5% compared to the same period the previous year.

Teguh explained that the increase in premium income was due to additional collaboration with several aggregators. However, regarding vehicle insurance claims during the Ramadan to Eid period, the value is still in the process of being collected because most claims are submitted within 1-2 weeks after Eid.

The company targets premium income from vehicle insurance to reach IDR 250 billion this year. Meanwhile, Teguh is optimistic that the company’s overall premium target, which reached IDR 2.5 trillion or an increase of 13.64% Year on Year (YoY), can be achieved. To achieve this target, Simas Insurtech will implement effective strategies, including adding partnerships with e-Commerce and fintech.

Apart from that, the company is also making several changes to the mobile application and presenting several new products in 2024. This shows Simas Insurtech’s commitment to continuing to innovate and expand services to meet customer needs and optimize business performance.

Source : https://keuangan.kontan.co.id/news/pendapatan-premi-asuransi-kendaraan-simas-insurtech-tumbuh-5-di-periode-ramadan-2024#google_vignette 

 

Mega Insurance Records General Insurance Premium Income Growth of Up to 40% in Quarter I-2024

The first quarter of 2024 brought good news for PT Asuransi General Mega (Mega Insurance), with general insurance premium income growing up to 40% on an annual basis (year on year/YoY). President Director of Mega Insurance, Tomy Ferdiansah, revealed that this achievement was thanks to solid collaboration with several multi-finance parties, which caused the multi-finance segment to experience rapid growth and provide a large contribution to general insurance premium income.

“We experienced the most significant increase in the multi-finance segment, which was caused by an increase in Mega Insurance’s market share among our multi-finance partners,” said Tomy to KONTAN on Sunday (14/3).

Apart from focusing on increasing revenue, Mega Insurance is also committed to providing the best service to business partners and customers in every collaboration carried out.

With the various good potential and momentum that exists, Mega Insurance is optimistic that general insurance premium income will continue to increase until the end of 2024. To achieve this optimism, the company will focus on the retail sector, especially in vehicle, travel and property insurance products.

Tomy also emphasized that Mega Insurance continues to strive to innovate and provide the best offers according to market needs, but still pay attention to the principles of prudence and good risk management.

With a premium income target of IDR 1.7 trillion this year, Mega Insurance has shown good performance by recording premium income of IDR 170 billion until February 2024. With the support of the right strategy and strong commitment, the company is optimistic that it can achieve greater success. big for the rest of the year.

source : https://keuangan.kontan.co.id/news/pendapatan-premi-mega-insurance-tumbuh-positif-pada-kuartal-i-2024 

 

OJK Continues to Strengthen the Insurance Industry, Targets PAYDI Product Growth of 5% This Year

The Financial Services Authority (OJK) announced its commitment to strengthening the insurance industry, especially related to increasing capacity and public trust, with a focus on the growth of Investment Linked Insurance Products (PAYDI) or unitlinks throughout 2024.

OJK Chief Executive of Insurance, Guarantee and Pension Fund Supervision, Ogi Prastomiyono, emphasized that these strengthening measures aim to support premium growth for PAYDI products, which is expected to reach 5% this year.

“Strengthening capacity, consumer protection, governance transformation and risk management are the main focuses in OJK’s efforts to restore and increase public confidence in the insurance industry,” said Ogi in a press conference on the Results of the March 2024 OJK Board of Commissioners (DK) Meeting, Tuesday (2 /4).

In 2023, there will be a decrease in premiums for PAYDI or unitlink products, while premiums for traditional products will experience growth of 9.5% Year on Year (YoY) in the same period.

Nevertheless, Ogi expressed optimism that through the strengthening efforts carried out, premium growth for PAYDI products could be accelerated and increased in 2024.

The latest data shows that life insurance premiums as of December 2023 experienced a contraction of 7.99% YoY, but in January 2024 growth was recorded at 8.24% YoY, with a premium value reaching IDR 17.34 trillion.

With ongoing strengthening efforts by the OJK, it is hoped that the insurance industry can face challenges and strengthen its position in providing the best service to the community and increasing public trust.

Source : https://keuangan.kontan.co.id/news/ojk-terus-lakukan-penguatan-kapasitas-industri-asuransi 

 

Energy Insurance Market: Challenges and Opportunities amidst Geopolitical and Economic Instability

The latest report from WTW in its Energy Market Report highlights significant differences in client preferences in the energy insurance market, especially in the context of ongoing geopolitical and economic instability.

While the sector still offers stability, especially for high-end clients, it also poses challenges for those with smaller, less desirable placements.

In the report, it was revealed that insurers are focusing more of their growth ambitions on highly desirable high-end businesses, in response to competitive pressures in the market. However, this has created an increasingly clear divide, increasing the difficulty for less desirable clients to achieve optimal conditions.

WTW Global Head of Natural Resources, Graham Knight, highlighted the widening gap caused by this phenomenon. According to him, this could result in more lenient rate reductions during 2024 for high-end clients, but complicate access to optimal conditions for others.

Despite this, WTW concluded that the energy sector remains stable with no indication that insurers plan to exit this market. The availability of risk and performance data has also steered insurers towards more profitable portfolio segments, although the lack of high-end business relative to demand can force clients to make difficult choices about their market strategies.

Source : https://mediaasuransinews.co.id/asuransi/wtw-ada-perbedaan-besar-dalam-pilihan-klien-di-pasar-asuransi-energi/ 

 

OJK notes the limited exposure of financial services institutions to the Middle East region

The Financial Services Authority (OJK) noted that exposure of Financial Services Institutions (LJK) to the Middle East Region is still limited until February 2024, especially in the insurance and financing industry which has securities from Middle Eastern issuers.

According to an official statement released by the Head of the OJK Literacy, Financial Inclusion and Communications Department, Aman Santosa, this exposure is also seen in the domestic banking sector, which only reached IDR 1.3 trillion or 0.06% of the total securities owned by banks.

Meanwhile, in the stock market, the value of share ownership of investors from the Middle East reached around IDR 65.73 trillion or around 2% of the total value of share ownership of non-resident investors. However, LJK ownership by investors in the Middle East is only recorded in banking with an asset share of 0.1% of total banking assets.

OJK ensures that the buffer to maintain financial system stability amidst potential escalation of conflict in the Middle East is still adequate, considering the high level of capital in the region.

Apart from that, OJK assesses that exchange rate risk is well controlled, as can be seen from the daily banking Net Open Position (PDN) which is still far below the set threshold. Liquidity in rupiah and foreign currency is also still considered sufficient.

Nevertheless, OJK continues to pay attention to potential LJK market risks and monitors financing to sectors that have high exposure to conflict in the Middle East. OJK also encourages LJKs to carry out evaluations regarding the potential impacts of global and domestic economic developments and take necessary mitigation steps.

OJK is committed to continuing to coordinate with members of the Financial System Stability Committee (KSSK) and issue the necessary policies in a timely manner to maintain the stability of the national financial services sector.

Source : https://finansial.bisnis.com/read/20240417/215/1758229/ojk-tak-ada-pelaku-asuransi-pembiayaan-simpan-surat-berharga-di-timur-tengah?utm_source=desktop&utm_medium=search 

 

Parametric Insurance: Innovative Solutions to Protect Farmers and the Indonesian Agricultural Sector

Parametric insurance, different from conventional insurance, is an innovative solution that offers claim payments without looking at the impact of the loss, but based on certain parameters that occur. For example, payments for claims related to earthquakes will be made if the magnitude of the earthquake reaches 8.0 on the Richter scale, or there is extreme rainfall of up to 400 millimeters which results in flooding. In Indonesia, a country that is prone to earthquakes and floods, parametric insurance is a potential solution to protect the public from potential losses due to disasters.

The agricultural sector is the main focus in the use of parametric insurance in Indonesia. With around 58 million hectares of agricultural land owned by individuals, protection against the risk of crop failure and natural disasters is very important. Even though the government has launched a subsidized insurance program for rice farmers through the Rice Farming Business Insurance program (AUTP), the reach of this program is still limited. Only around 0.52% of all agricultural land will be covered by AUTP by the end of 2023. Therefore, innovation in the form of parametric insurance can help expand the reach of insurance protection for farmers.

Various countries have successfully implemented parametric insurance in their agricultural sector. In India, for example, the government provides a 50% premium subsidy for parametric insurance that protects farmers from the risk of crop failure. In Mexico, the government even provides full subsidies for parametric insurance to farmers with incomes of less than US$4 per day. Meanwhile in Japan, parametric insurance is available without subsidies from the government.

To increase parametric insurance penetration in Indonesia, several steps can be taken. First, public education about the benefits of parametric insurance needs to be increased so that people understand the importance of insurance protection. Second, the government needs to provide premium subsidies to reduce the burden on farmers in protecting their assets. Third, cooperation between insurance companies and agribusiness companies can help expand the distribution of parametric insurance products. Fourth, digitizing insurance can make access easier for the public, especially with the high use of smartphones in Indonesia. Fifth, synergy with data providers such as BNPB or BMKG can increase the accuracy of risk calculations.

Parametric insurance has great potential to contribute to increasing insurance penetration in Indonesia, especially in protecting the agricultural sector from the risk of natural disasters. With support from the government, insurance companies and the community, parametric insurance can be an effective instrument in achieving sustainable growth and food security in Indonesia.

Source : https://finansial.bisnis.com/read/20240417/215/1757975/opini-peluang-asuransi-parametrik?utm_source=desktop&utm_medium=search 

This article is brought to you by L&G Insurance Broker, insurance broker Indonesia..

—

LOOKING FOR INSURANCE PRODUCTS? DON’T WASTE YOUR TIME AND CONTACT US NOW

24 JAM L&G HOTLINE: 0811-8507-773 (CALL – WHATSAPP – SMS)

website: lngrisk.co.id

Email: customer.support@lngrisk.co.id

—

TAGGED:Allianz Lifeasuransi allianzAsuransi Pertanianberita asuransi
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Threads Copy Link Print
Previous Article What are the Impacts of Iran-Israel Tensions on Indonesia’s Insurance Landscape?
Next Article 7 Selections of Fatal Accident News 2024 in Indonesia – 4th Week of April

From Our Social

lngrisk
@lngrisk
1.4K Posts
1.4K Followers

L&G INSURANCE BROKER

Marine Cargo - Surety Bond - Bank Garansi - Liability - Construction - Heavy Equipment
☎️HOTLINE 24/7 0811-8507-773
L&G Insurance Broker Diawasi OJK

Follow on Instagram
3

Kontraktor EPC Bisa Gagal Tender Jutaan Dolar, Kalau Lupa...

2

3 Kesalahan Fatal Ini Bisa Bikin Klaim Marine Cargo...

Battery Drain Challenge – Jangan Sampai EV Kamu Mogok Total‼️

Satu kali salah perhitungan soal daya bisa berujung kerugian besar. Mobil listrikmu bisa mati mendadak hanya karena baterainya drop di tengah jalan.

Bayangkan kalau mobil EV itu langsung rusak komponen vitalnya saat kehabisan daya dan belum diasuransikan. Siapa yang mau tanggung kerugiannya?

Inilah pentingnya proteksi ekstra lewat asuransi kendaraan listrik — perlindungan khusus untuk melindungi EV kesayanganmu dari risiko kerusakan baterai, kegagalan teknis, hingga biaya perbaikan mahal.

Masih banyak pemilik mobil listrik baru, dealer, bahkan komunitas EV yang belum sadar betapa vitalnya proteksi ini. Padahal risikonya nyata: kerusakan baterai, malfungsi sistem kelistrikan, hingga biaya ganti baterai selangit!😉

Bersama L&G Insurance Broker, kami bantu amankan mobil listrikmu sepanjang perjalanan:
✔️ Rekomendasi asuransi EV sesuai kebutuhan dan risiko
✔️ Proteksi maksimal untuk baterai dan komponen elektronik
✔️ Klaim cepat, kami dampingi sampai ganti rugi cair

📞 Jangan tunggu sampai mogok di jalan! Lindungi EV kamu sekarang juga.
Konsultasi gratis di 0811-850-7773

#AsuransiMobilListrik #electricvehicle #battery #batremobillistrik #KendaraanListrik #AsuransiBateraimobillistril #AmanBersamaLNG #BrokerAsuransi #AsuransiKendaraanlistrik
3

Battery Drain Challenge – Jangan Sampai EV Kamu Mogok...

20

Ferrari Mewah Terguling di Towing, Kerugian Miliaran Seketika‼️ Satu...

3

Pakai Ini! Biar Ga Panik Kalau Mobil Ditinggal Pergi‼️...

3

Proyek Infrastruktur Bisa Gagal Total, Kalau Abaikan Ini‼️ Bayangin,...

Latest News

Employee Health Insurance Co-Payment: What Is It, How Does It Work, and How Does It Impact HR?
Asuransi Kesehatan
Tuesday June 24th, 2025
48 Views
It Turns Out It’s Different! These Are 5 Things That Differentiate Electric Car Insurance and Regular Car Insurance
Asuransi Kendaraan Bermotor
Tuesday June 24th, 2025
90 Views
The Myriad Impacts of the Lewotobi Volcano Eruption on the Insurance Industry: From Aviation to Property
Risk Recommendation
Friday June 20th, 2025
78 Views
Tips for Saving Employee Health Insurance Costs Without Losing Anyone
Asuransi Kesehatan
Friday June 20th, 2025
72 Views
Understanding Internal Fraud Coverage: Essential Protection for Your Company
Asuransi Fidelity
Thursday June 19th, 2025
73 Views
Protecting Singapore Investments in Energy, Infrastructure and Mining Projects in Indonesia
Bisnis
Wednesday June 18th, 2025
78 Views
Effective Ways to Assess Your Boat Risk Before Purchasing Insurance
Asuransi Marine Hull
Monday June 16th, 2025
84 Views
Massive Explosion Rocks Singapore Container Ship in India, 4 Crew Missing: And 7 Latest Shocking Accident Incidents
Berita Kecelakaan
Friday June 13th, 2025
105 Views
Effective Ways to Assess Your Boat Risk Before Purchasing Insurance
Asuransi Marine Hull
Monday June 9th, 2025
137 Views
Parametric Insurance Innovation for the Agricultural Sector: Future Solutions for National Food Security
Agrobisnis Industri Pertanian Risk Recommendation
Sunday June 8th, 2025
147 Views

Related ↷

top Accident

7 Berita Kecelakaan Fatal Minggu ke-3 Oktober 2020

Wednesday October 21st, 2020

TUGU Stock Investment Sells Well, Profits Soar 80%! Ready to reach Rp. 700 billion: And updates on 7 insurance news in Indonesia

Friday January 3rd, 2025

OJK News Update Minggu ke 2 Januari 2021

Monday January 11th, 2021

7 Latest News on the Indonesian Insurance Industry: And Commercial Car Insurance is Important for Rental Car Owners

Wednesday June 19th, 2024
  • Advertise with us
  • Newsletters
  • Complaint
  • Deal
Stay tuned for a blend of captivating content that not only informs but also inspires you to navigate the ever-evolving landscape of technology, marketing, and market trends!
LigaAsuransi
  • Asuransi Marine Cargo
  • Asuransi Konstruksi
  • Broker Asuransi
  • InsurTech
  • Property

©Copyright 2025 by Liga Asuransi – PT. L&G Insurance Broker