Indonesian Vehicle Insurers Maintain Growth Optimism for 2026

Industry Outlook Amidst Slowing Vehicle Sales

Indonesian insurance companies, particularly PT Asuransi Digital Bersama Tbk (YOII) and PT Asuransi Jasa Indonesia (Jasindo), are maintaining their optimistic outlook on vehicle insurance business growth for 2026 ¹

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Source 2

https://keuangan.kontan.co.id/news/jasindo-masih-fokus-garap-asuransi-kendaraan-di-2026-meski-penjualan-mobil-melambat

. This confidence persists despite the ongoing slowdown in national vehicle sales, which has been a prevailing trend in the Indonesian automotive market.

Growth Drivers in Low-Penetration Market

The optimism is largely driven by the current low insurance penetration rate in Indonesia, which stands at approximately 3% ¹

. This statistic indicates substantial growth potential for the vehicle insurance industry. YOII's Corporate Secretary, Rahmat Dwiyanto, emphasized that the low penetration rate creates a significant expansion opportunity for insurance providers. The increasing public awareness regarding the importance of vehicle protection is further expected to fuel industry growth.

Company Performance and Strategies

Jasindo reported that its vehicle insurance premium income reached Rp 57.74 billion by November 2025 ²

. Despite the challenging market conditions characterized by slowing vehicle sales, both YOII and Jasindo are focusing on capitalizing on the existing market potential. Their strategies appear to be centered on tapping into the vast untapped market rather than relying on overall vehicle sales growth.

Market Dynamics and Future Prospects

The Indonesian vehicle insurance market is characterized by its early growth stage, presenting numerous opportunities for expansion. As public awareness about insurance benefits continues to rise, insurers are well-positioned to leverage this trend. The industry's growth is expected to be driven by both increasing penetration rates and potential regulatory developments that could further boost market expansion.