{"id":7453,"date":"2025-05-26T12:06:02","date_gmt":"2025-05-26T05:06:02","guid":{"rendered":"https:\/\/ligaasuransi.com\/?p=7453"},"modified":"2025-05-26T12:06:02","modified_gmt":"2025-05-26T05:06:02","slug":"asuransi-syariah-merugi-ratusan-miliar-di-awal-2025-ini-biang-keroknya-menurut-pakar-dan-7-berita-asuransi-terupdate-dan-terlengkap","status":"publish","type":"post","link":"https:\/\/ligaasuransi.com\/en\/asuransi-syariah-merugi-ratusan-miliar-di-awal-2025-ini-biang-keroknya-menurut-pakar-dan-7-berita-asuransi-terupdate-dan-terlengkap\/","title":{"rendered":"Sharia Insurance Loses Hundreds of Billions in Early 2025. This is the Culprit According to Experts! : And 7 Latest and Most Complete Insurance News"},"content":{"rendered":"<p><a href=\"https:\/\/ligaasuransi.com\"><span style=\"font-weight: 400;\">Liga Asuransi<\/span><\/a><span style=\"font-weight: 400;\">&#8211; The Indonesian insurance industry is back in the spotlight with various important developments at the beginning of 2025. From the grand event<\/span><i><span style=\"font-weight: 400;\">Indonesia Insurance Summit 2025<\/span><\/i><span style=\"font-weight: 400;\">which is believed to be a milestone in industrial transformation, to the dynamics of sharia insurance which recorded losses of hundreds of billions of rupiah\u2014all of which indicate that this sector is moving towards a new phase full of challenges and opportunities. This article summarizes 7 of the most updated and complete insurance news that must be followed by industry players, financial professionals, and the public who care about risk protection in the modern era.<\/span><\/p>\n<h3><b>Insurance Industry Ready to Rise! Indonesia Insurance Summit 2025 Becomes a Turning Point for Major Transformation!<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Chairman of the Indonesian Insurance Council (<\/span><b>COME ON<\/b><span style=\"font-weight: 400;\">), <\/span><b>Julius Bhayangkara<\/b><span style=\"font-weight: 400;\">, expressed his belief that the future of the Indonesian insurance industry is very promising. According to him, this sector is currently in a phase<\/span><b>recovery and resurrection<\/b><span style=\"font-weight: 400;\">which is important to strengthen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a form of optimism, DAI together with all insurance associations are again holding<\/span><b>Indonesia Insurance Summit (IIS) 2025<\/b><span style=\"font-weight: 400;\">, a national forum aimed at strengthening cross-sector collaboration in the industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The associations that are members of DAI and play a role in this activity include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Indonesian Life Insurance Association (AAJI)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Indonesian General Insurance Association (AAUI)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Indonesian Sharia Insurance Association (AASI)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Association of Indonesian Insurance and Reinsurance Brokerage Companies (APPARINDO)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Indonesian Insurance Loss Appraisers Association (APKAI)<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For this year,<\/span><b>AJI<\/b><span style=\"font-weight: 400;\">trusted to be the coordinator of the organizers by raising the theme:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>&#8220;Reimagining the Future of Insurance: Innovation for a Sustainable Future&#8221;<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yulius explained that<\/span><b>IIS 2025<\/b><span style=\"font-weight: 400;\">designed to be a strategic platform to encourage<\/span><b>digital transformation<\/b><span style=\"font-weight: 400;\">, strengthen<\/span><b>sustainable innovation<\/b><span style=\"font-weight: 400;\">, and create<\/span><b>synergy between industry players<\/b><span style=\"font-weight: 400;\">to be more competitive and adaptive in facing future challenges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He also assessed that the implementation of IIS this year was at the right momentum, considering that the national insurance industry was&#8230;<\/span><b>improve and rise<\/b><span style=\"font-weight: 400;\">, both in terms of products, services, governance, and strengthening regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yulius also expressed his appreciation to<\/span><b>Financial Services Authority (OJK)<\/b><span style=\"font-weight: 400;\">for the support and direction given to make this national scale event a success.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It closes with the hope:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Through IIS 2025, we want to encourage the national insurance industry to become more&#8230;<\/span><b>strong in governance, broad in protection, and makes a large contribution to Indonesia&#8217;s economic growth<\/b><span style=\"font-weight: 400;\">.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><a href=\"https:\/\/www.cnbcindonesia.com\/market\/20250522210308-17-635485\/masuk-fase-pemulihan-dai-optimis-industri-asuransi-bisa-bangkit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/www.cnbcindonesia.com\/market\/20250522210308-17-635485\/masuk-fase-pemulihan-dai-optimis-industri-asuransi-bisa-bangkit<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Free Meals Get Insurance? Prabowo-Gibran&#8217;s Flagship Program Attracts Insurance Industry!<\/b><\/h3>\n<p><b>National Nutrition Agency (BGN)<\/b><span style=\"font-weight: 400;\"> planning integration <\/span><b>insurance in the Free Nutritious Meals (MBG) program<\/b><span style=\"font-weight: 400;\">\u2014priority programs of the President&#8217;s administration<\/span><b>Prabowo Subianto<\/b><span style=\"font-weight: 400;\">and Vice President<\/span><b>Gibran Rakabuming Raka<\/b><span style=\"font-weight: 400;\">. This move received initial support from<\/span><b>Financial Services Authority (OJK)<\/b><span style=\"font-weight: 400;\">, which has given a positive signal for the insurance industry to get involved.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, because it is still in the early planning stages,<\/span><b>insurance associations<\/b><span style=\"font-weight: 400;\">in Indonesia has not been able to convey an official position. They are still actively communicating with various parties\u2014from financial regulators, the government, to industry players to discuss the ideal protection scheme.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Executive Director<\/span><b>Indonesian Life Insurance Association (AAJI)<\/b><span style=\"font-weight: 400;\">, <\/span><b>The Market Place<\/b><span style=\"font-weight: 400;\">, emphasized that at this time his party could not provide much information. He said the discussion was still focused on formulating the risk scheme and the right funding source.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Sorry, we cannot answer in detail about insurance for MBG because the scheme is still in the early stages of discussion. Including the source of funds and the type of risk that will be guaranteed, everything is still being reviewed,&#8221; said Togar to Media Asuransi, Friday (5\/23\/2025).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Previously, <\/span><b>Ogi Prastomiyono<\/b><span style=\"font-weight: 400;\">, Chief Executive of the Insurance, Guarantee and Pension Fund Supervisory Agency of OJK, encouraged the national insurance industry to fully support the government&#8217;s strategic programs\u2014including MBG.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cCurrently associations such as<\/span><b>AJI<\/b><span style=\"font-weight: 400;\"> And <\/span><b>AAUI<\/b><span style=\"font-weight: 400;\">is preparing an initial proposal on how the insurance sector can be directly involved in supporting government programs, one of which is the MBG program,&#8221; explained Ogi.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><a href=\"https:\/\/mediaasuransinews.co.id\/asuransi\/wacana-asuransi-di-program-mbg-begini-respons-aaji\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/mediaasuransinews.co.id\/asuransi\/wacana-asuransi-di-program-mbg-begini-respons-aaji\/<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Indonesia&#8217;s Insurance Potential is Huge, But Still Asleep! OJK is Serious About Revive the Industry Through This Grand Strategy!<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Ogi Prastomiyono, Chief Executive of the Insurance, Guarantee, and Pension Fund Supervisory Agency of OJK, emphasized that the Indonesian insurance industry has extraordinary potential. However, so far, the real contribution of domestic insurance products is still far from expectations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Seeing these conditions, OJK is increasingly encouraged to strengthen its commitment to building a healthier, more resilient and highly competitive national insurance sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We continue to roll out various strategic steps to encourage the transformation of the insurance industry in a more positive direction,&#8221; said Ogi in a press conference, Thursday (22\/5\/2025).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These efforts include strengthening the foundations of the financial sector, including increasing capital, better governance, strengthening risk management, and developing human resources and the insurance product ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ogi also emphasized that digital transformation cannot be carried out by OJK alone, but requires synergy from all stakeholders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this context, the organization of a forum such as the Indonesia Insurance Summit (IIS) 2025 is very important. This event can be a space for collaboration between industry players, regulators, and associations in responding to challenges and exploring opportunities in the insurance sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Through IIS 2025, we hope that the insurance industry can make a real contribution, not just as a complement, but as a major part of the national economy,&#8221; concluded Ogi.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><a href=\"https:\/\/www.cnbcindonesia.com\/news\/20250522213133-4-635490\/bicara-peluang-ojk-ungkap-pentingnya-kolaborasi-di-industri-asuransi\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/www.cnbcindonesia.com\/news\/20250522213133-4-635490\/bicara-peluang-ojk-ungkap-pentingnya-kolaborasi-di-industri-asuransi<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Big Profit! Jasindo&#8217;s Profit Skyrockets 68% in Early 2025, This Insurance Unit Grows Fantastically by More than 400%!<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">State-owned insurance company,<\/span><b>PT Indonesian Services Insurance (Jasindo)<\/b><span style=\"font-weight: 400;\">, successfully recorded<\/span><b>profit of IDR 67.81 billion until April 2025<\/b><span style=\"font-weight: 400;\">, increased sharply<\/span><b>68.34% compared to the same period the previous year<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>Jasindo Corporate Secretary, Brellian Gema<\/b><span style=\"font-weight: 400;\">, said that this profit growth was supported by positive performance from<\/span><b>underwriting results<\/b><span style=\"font-weight: 400;\"> which soared <\/span><b>36,12% YoY<\/b><span style=\"font-weight: 400;\">, from Rp100.15 billion to Rp136.32 billion. Not only that,<\/span><b>income from investment<\/b><span style=\"font-weight: 400;\">also grew by<\/span><b>30,30%<\/b><span style=\"font-weight: 400;\">, from IDR 62.07 billion to IDR 80.88 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We are implementing a strategy that focuses on healthy growth and is adaptive to market dynamics throughout this year,&#8221; Brellian said in a written statement, Wednesday (21\/5\/2025).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jasindo&#8217;s premium income also showed an increase of<\/span><b>8,09%<\/b><span style=\"font-weight: 400;\">, from IDR 1.03 trillion to IDR 1.11 trillion as of April 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This premium growth is supported by the performance of a number of<\/span><b>flagship business line<\/b><span style=\"font-weight: 400;\">, among them:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Engineering<\/b><span style=\"font-weight: 400;\"> soared <\/span><b>419,09%<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Personal Accident<\/b><span style=\"font-weight: 400;\"> go on <\/span><b>160,52%<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Energy (Onshore)<\/b><span style=\"font-weight: 400;\"> grow <\/span><b>53,25%<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cargo<\/b><span style=\"font-weight: 400;\"> increased <\/span><b>48,61%<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Property<\/b><span style=\"font-weight: 400;\"> go on <\/span><b>33,69%<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Liability<\/b><span style=\"font-weight: 400;\">also increased, although moderately, namely<\/span><b>1,13%<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Brellian said that his party is optimistic that this growth trend can be maintained until the end of the year. Strategy<\/span><b>selective marketing<\/b><span style=\"font-weight: 400;\">, strengthening<\/span><b>customer service<\/b><span style=\"font-weight: 400;\">, as well as commitment to<\/span><b>risk management<\/b><span style=\"font-weight: 400;\">will continue to be the main pillar of Jasindo.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are committed to strategically expanding risk protection through a multidisciplinary approach.<\/span><i><span style=\"font-weight: 400;\">Risk Management Partnership<\/span><\/i><span style=\"font-weight: 400;\">which provides added value for clients,&#8221; he concluded.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><a href=\"https:\/\/www.cnbcindonesia.com\/market\/20250521111720-17-634934\/asuransi-jasindo-cetak-rp-6781-m-per-april-2025\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/www.cnbcindonesia.com\/market\/20250521111720-17-634934\/asuransi-jasindo-cetak-rp-6781-m-per-april-2025<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Sharia Insurance Loses Hundreds of Billions in Early 2025. This is the Cause According to Experts!<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Industry performance<\/span><b>sharia insurance<\/b><span style=\"font-weight: 400;\">experiencing pressure in early 2025. According to insurance observers,<\/span><b>Abitani Time<\/b><span style=\"font-weight: 400;\">, this condition is triggered by<\/span><b>global and domestic economic uncertainty<\/b><span style=\"font-weight: 400;\">, including the impact of<\/span><b>US-initiated tariff war<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on data from<\/span><b>Financial Services Authority (OJK)<\/b><span style=\"font-weight: 400;\">, as of February 2025, the sector<\/span><b>Sharia life insurance recorded a loss after tax of Rp180.02 billion<\/b><span style=\"font-weight: 400;\">. On the other hand, <\/span><b>Sharia general insurance net profit down 20.7% year-on-year (YoY)<\/b><span style=\"font-weight: 400;\"> become <\/span><b>Rp79.88 billion<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the main causes of this decline is<\/span><b>falling income from investments<\/b><span style=\"font-weight: 400;\">. In fact, the investment results in the industry<\/span><b>Sharia life insurance recorded a minus of IDR 403.36 billion<\/b><span style=\"font-weight: 400;\">. Meanwhile, <\/span><b>Sharia general insurance still recorded investment return growth of 22.6% YoY to IDR 63.19 billion<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Abitani, who also serves as Chairman<\/span><b>College of Risk Management and Insurance (STIMRA)<\/b><span style=\"font-weight: 400;\">stated that future prospects remain promising.<\/span><b>Global and domestic economic recovery<\/b><span style=\"font-weight: 400;\">, as well as <\/span><b>rapid growth of the halal industry<\/b><span style=\"font-weight: 400;\">, is considered to be a positive driver for the revival of this sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Abitani suggested that Islamic insurance companies focus on<\/span><b>stable and safe investment fund placement<\/b><span style=\"font-weight: 400;\">, even though the profit potential is not too high, in order to maintain business continuity. On the other hand, the development<\/span><b>distinctive product based on the principle of sharing risk<\/b><span style=\"font-weight: 400;\">is also considered crucial to keep the industry relevant and attractive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, Abitani emphasized the importance of<\/span><b>digital innovation<\/b><span style=\"font-weight: 400;\">in services and products, so that<\/span><b>Sharia insurance can compete and develop sustainably<\/b><span style=\"font-weight: 400;\">amidst dynamic market challenges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><a href=\"https:\/\/finansial.bisnis.com\/read\/20250521\/231\/1878740\/pengamat-beberkan-biang-keladi-kinerja-lesu-asuransi-syariah-pada-awal-2025\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/finansial.bisnis.com\/read\/20250521\/231\/1878740\/pengamat-beberkan-biang-keladi-kinerja-lesu-asuransi-syariah-pada-awal-2025<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Foreign Reinsurance Will Enter RI! OJK Opens Doors Wide to Encourage Local Insurance to Become More Resilient!<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Financial Services Authority (OJK) together with the government is in the middle of<\/span><b>drafting new rules<\/b><span style=\"font-weight: 400;\"> which allow <\/span><b>Foreign reinsurance companies open branch offices in Indonesia<\/b><span style=\"font-weight: 400;\">. This step was taken to strengthen the competitiveness and capacity of the domestic reinsurance industry.<\/span><\/p>\n<p><b>Iwan Pasila<\/b><span style=\"font-weight: 400;\">, Deputy Commissioner for Supervision of Insurance, Guarantees, and Pension Funds at OJK, said that<\/span><b>The insurance penetration rate in Indonesia is still low, which is actually a big opportunity<\/b><span style=\"font-weight: 400;\">for global reinsurance companies. However, he stressed that<\/span><b>strong capitalization and utilization of digital technology<\/b><span style=\"font-weight: 400;\">in the underwriting process is the key to optimally utilizing these opportunities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;With large capital and digital technology support, insurance penetration can increase with more measurable risks,&#8221; said Iwan, Monday (19\/5\/2025).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Iwan also emphasized the importance of<\/span><b>compliance with capital regulations<\/b><span style=\"font-weight: 400;\">which has been set by OJK to encourage the strengthening of the national insurance and reinsurance industry. According to him, collaboration with foreign reinsurance is still needed to<\/span><b>spread and manage risk globally<\/b><span style=\"font-weight: 400;\">, provided that local actors have sufficient capacity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, <\/span><b>Ogi Prastomiyono<\/b><span style=\"font-weight: 400;\">, Chief Executive of the OJK Insurance, Guarantee and Pension Fund Supervisory Agency, said that<\/span><b>Currently, most reinsurance premiums in Indonesia are still handled by global players.<\/b><span style=\"font-weight: 400;\">. To increase the national industry&#8217;s absorption capacity for risk, OJK is also in the process of<\/span><b>reviewing foreign ownership regulations in the reinsurance sector<\/b><span style=\"font-weight: 400;\">, including the possibility of relaxing permits for the establishment of foreign branch offices in Indonesia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We are coordinating with relevant ministries to open up space for global reinsurance to enter the domestic market,&#8221; Ogi said at the April 2025 RDK press conference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, Ogi explained that<\/span><b>The ability of a reinsurance company to absorb risk is not only determined by the size of its capital<\/b><span style=\"font-weight: 400;\">, but also by<\/span><b>competence and ability in risk selection<\/b><span style=\"font-weight: 400;\">. The latest regulations through<\/span><b>BOY No. 23\/2023<\/b><span style=\"font-weight: 400;\">is also designed to ensure that reinsurers have<\/span><b>adequate financial health and professionalism<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><a href=\"https:\/\/finansial.bisnis.com\/read\/20250519\/215\/1878055\/penetrasi-reasuransi-rendah-ojk-buka-peluang-kantor-cabang-asing\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/finansial.bisnis.com\/read\/20250519\/215\/1878055\/penetrasi-reasuransi-rendah-ojk-buka-peluang-kantor-cabang-asing<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Not Just Singapore! Indonesia is Ready to Become a Global Reinsurance Magnet, Here&#8217;s the Ultimate Strategy!<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The government is trying<\/span><b>reduce the national reinsurance balance deficit<\/b><span style=\"font-weight: 400;\">which has continued to widen over the past three years. One of the strategic steps being studied is<\/span><b>inviting international reinsurance companies to invest directly in Indonesia<\/b><span style=\"font-weight: 400;\">, even making this country as<\/span><b>global reinsurance center<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><b>delil khairat<\/b><span style=\"font-weight: 400;\">, Director of Technical Operations of PT Reasuransi Indonesia Utama (Indonesia Re),<\/span><b>Neighboring countries such as Singapore and Malaysia can be used as a reference<\/b><span style=\"font-weight: 400;\">. Singapore, he said, has already shot up to become a major reinsurance hub in Asia, even surpassing Hong Kong. Many of the world&#8217;s reinsurance giants have opened branches there.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;The premium structure in Singapore is unique. Although the population is only 5 million, the majority of premium inflows come from abroad,&#8221; said Delil, quoted Monday (19\/5\/2025).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Malaysia, he said, although not as big as Singapore, has become<\/span><b>alternative reinsurance hub<\/b><span style=\"font-weight: 400;\">in Southeast Asia. A number of big players such as<\/span><b>Swiss Re, Munich Re, SCOR Re<\/b><span style=\"font-weight: 400;\">, until <\/span><b>Reinsurance Group of America (RGA)<\/b><span style=\"font-weight: 400;\">already has an office in<\/span><b>Kuala Lumpur<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Delil highlights<\/span><b>Malaysia&#8217;s advantages in the dual-regulator system<\/b><span style=\"font-weight: 400;\">, namely for onshore companies regulated by<\/span><b>Bank Negara Malaysia<\/b><span style=\"font-weight: 400;\">, while the offshore ones are<\/span><b>Labuan Island<\/b><span style=\"font-weight: 400;\">arranged by<\/span><b>Labuan Financial Services Authority (LFSA)<\/b><span style=\"font-weight: 400;\">. LFSA functions like OJK in the free zone and offers<\/span><b>looser regulations<\/b><span style=\"font-weight: 400;\"> as well as <\/span><b>very low tax incentives<\/b><span style=\"font-weight: 400;\">, even <\/span><b>tax free in certain period<\/b><span style=\"font-weight: 400;\">, thus attracting many foreign reinsurance companies to open licenses there.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe regulation in Labuan is modeled after other global financial centers such as Bermuda, Cayman Islands and Dublin. The goal is clear: to attract premiums from overseas into Malaysia,\u201d Delil explained.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Seeing the success of Malaysia, Evidencebelieve<\/span><b>Indonesia can emulate a similar strategy<\/b><span style=\"font-weight: 400;\"> for <\/span><b>reduce the reinsurance balance deficit<\/b><span style=\"font-weight: 400;\">. He supports the move<\/span><b>OJK and related ministries<\/b><span style=\"font-weight: 400;\"> the middle one <\/span><b>review regulatory relaxation<\/b><span style=\"font-weight: 400;\">to make it easier for global reinsurance companies to open offices in Indonesia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Reinsurance is basically a global business. If we want to be more involved, then we must be able to become a regional hub. The more companies operating here, the greater the premium flow that comes in, and automatically helps improve the balance of payments,&#8221; he concluded.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><a href=\"https:\/\/finansial.bisnis.com\/read\/20250519\/215\/1877903\/indonesia-disarankan-lakukan-langkah-singapura-malaysia-untuk-jadi-hub-reasuransi-dunia\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/finansial.bisnis.com\/read\/20250519\/215\/1877903\/indonesia-disarankan-lakukan-langkah-singapura-malaysia-untuk-jadi-hub-reasuransi-dunia<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The series of news above reflects how dynamic the development of the Indonesian insurance industry is today. Amidst the pressure and uncertainty, there is also great optimism about digital transformation, cross-sector collaboration, and sustainable innovation that can be the driving force of the industry. For this reason, business actors and project owners in various sectors need to ensure appropriate and reliable risk protection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article is supported by<\/span><a href=\"https:\/\/lngrisk.co.id\" target=\"_blank\" rel=\"noopener\"><b>L&amp;G Insurance Broker<\/b><\/a><span style=\"font-weight: 400;\">, an insurance brokerage company in Indonesia that specializes in providing comprehensive insurance solutions for industrial and project needs. With extensive experience and a team of licensed professionals, L&amp;G is ready to help you navigate risk more safely and efficiently. Contact us for a free consultation on the best insurance protection for your business.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Liga Asuransi&#8211; The Indonesian insurance industry is back in the spotlight with various important developments at the beginning of 2025. From the grand eventIndonesia Insurance Summit 2025which is believed to be a milestone in industrial transformation, to the dynamics of sharia insurance which recorded losses of hundreds of billions of rupiah\u2014all of which indicate that [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":7454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[1220,299,1221],"class_list":{"0":"post-7453","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ulas-berita","8":"tag-asuransi-syariah-merugi","9":"tag-berita-asuransi","10":"tag-reasuransi-indonesia"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/7453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/comments?post=7453"}],"version-history":[{"count":1,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/7453\/revisions"}],"predecessor-version":[{"id":7455,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/7453\/revisions\/7455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media\/7454"}],"wp:attachment":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media?parent=7453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/categories?post=7453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/tags?post=7453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}