Indonesian Insurance Industry Maintains Strong Performance Through November 2025

Asset Growth and Premium Performance

The Indonesian insurance industry demonstrated robust performance through November 2025, with total assets reaching Rp1,194.06 trillion, representing a 5.96% year-on-year growth ²

. Commercial insurance assets specifically grew by 7.49% to Rp971.22 trillion, indicating strong industry fundamentals ⁴

Source 4

https://finansial.bisnis.com/read/20260109/215/1942952/premi-asuransi-tumbuh-tipis-041-pada-november-2025-klaim-capai-rp19733-triliun

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Premium and Claims Trends

Premium income for commercial insurance reached Rp297.88 trillion by November 2025, showing a marginal growth of 0.41% compared to the same period in the previous year. The breakdown shows life insurance premiums contracted by 0.75% to Rp163.88 trillion, while general insurance and reinsurance grew by 1.88% to Rp134 trillion ⁴

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Health Insurance Segment

The health insurance segment within life insurance recorded premium growth of 17.23% to Rp30.84 trillion, contributing 18.82% to total life insurance premiums ¹

. In the general insurance category, health insurance premiums grew by 14.47% to Rp9.05 trillion, accounting for approximately 8.25% of total general insurance premiums ³

Source 3

https://keuangan.kontan.co.id/news/ojk-mencatat-premi-asuransi-kesehatan-tumbuh-1447-hingga-november-2025

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Capital Adequacy and Regulatory Compliance

The industry maintained strong capital adequacy, with risk-based capital (RBC) ratios standing at 488.69% for life insurance and 342.88% for general insurance, significantly above the regulatory threshold of 120% ⁴

. The OJK reported that by November 2025, 79.86% of insurance companies (115 out of 144) had complied with the new minimum equity requirement mandated for 2026 ⁴

Source 4

https://finansial.bisnis.com/read/20260109/215/1942952/premi-asuransi-tumbuh-tipis-041-pada-november-2025-klaim-capai-rp19733-triliun

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Industry Outlook

While the industry showed resilience, challenges remain. The multifinance sector, closely related to the insurance industry, recorded assets worth Rp506.82 trillion, growing by 1.09% as of November 2025. The growth was primarily supported by working capital financing, which grew by 8.99% ⁶

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