Jasindo Sees Growing Demand for Comprehensive Motorcycle Insurance

Increasing Customer Interest in Enhanced Coverage

PT Asuransi Jasa Indonesia (Jasindo) has observed a significant increase in customer interest towards motorcycle insurance products with more comprehensive coverage. The company's dominant portfolio remains the total loss only (TLO) coverage scheme, which covers damages exceeding 75% of the vehicle's value or theft. However, there's growing demand for expanded coverage including personal accidents, natural disasters, riots, terrorism, and third-party liability.

Financial Performance Highlights

Jasindo's gross premium income from motorcycle insurance reached Rp17.50 billion in October 2025, demonstrating strong market demand. The company recorded Rp14.32 billion in gross claims expenses, which remains within manageable limits. The positive underwriting performance of Rp3.67 billion was achieved through improved risk management and distribution channel optimization.

Market Context and Future Plans

The overall motor vehicle insurance industry recorded a 4.71% year-on-year decline in premium income to Rp15.45 trillion as of September 2025, according to the Financial Services Authority (OJK). Despite this industry trend, Jasindo remains optimistic about its motorcycle insurance business through continued innovation and expansion of its distribution network. The company operates through 30 representative offices across Indonesia, enhancing product value and policyholder risk understanding.

Strategic Initiatives

To maintain positive performance in the motorcycle insurance business, Jasindo is focusing on several strategic initiatives. These include strengthening risk management in the claims process, optimizing distribution channels, and enhancing product offerings. The company remains committed to maintaining prudence and good governance while pursuing growth opportunities in the motorcycle insurance segment.