Indonesian Insurance Market Performance Through November 2025

Mixed Trends in Insurance Sector

The Indonesian insurance industry demonstrated mixed performance through November 2025, with varying trends across different segments. The life insurance sector continued to face challenges, while general insurance showed resilience.

Life Insurance Performance

The life insurance segment remained under pressure, with premium income declining 0.75% year-on-year (YoY) to Rp163.88 trillion by November 2025 ¹

. This contraction indicates ongoing recovery challenges in the life insurance market.

Commercial Insurance Claims

Total commercial insurance claims reached Rp197.33 trillion, representing a 4.64% YoY decrease compared to the same period last year ²

. This decline was less significant than the previous month (October 2025), when claims dropped 5.27% YoY to Rp178.99 trillion ²

Source 2

https://keuangan.kontan.co.id/news/ojk-catat-klaim-asuransi-komersial-rp-19733-triliun-per-november-2025

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Premium Income Overview

Despite life insurance challenges, overall commercial insurance premiums showed marginal growth. Total premium income for commercial insurance reached Rp297.88 trillion by November 2025, representing a 0.41% YoY increase ³

. This growth was driven by the combined performance of life insurance, general insurance, and reinsurance segments.

General Insurance and Reinsurance Growth

The general insurance and reinsurance segment continued its positive trajectory, with premium income growing 1.88% YoY to Rp134 trillion by November 2025 ⁴

. This growth follows the 2.33% YoY increase to Rp123.92 trillion recorded in October 2025, indicating sustained momentum in the general insurance market.

Market Analysis

The mixed performance across insurance segments reflects broader economic conditions and consumer behavior. While life insurance continues to face headwinds, the general insurance segment's growth suggests resilience in certain areas of the insurance market. The overall commercial insurance premium growth, though marginal, indicates stability in the industry.