Executive Summary

Key insights and market outlook

The Financial Services Authority (OJK) has introduced a new credit insurance product for the fintech peer-to-peer (P2P) lending industry, aiming to strengthen the digital finance ecosystem and mitigate risks ¹

²³. The insurance product is expected to enhance lender confidence and promote healthy growth in the P2P lending sector. Key players include PT Asuransi Asei Indonesia and PT Asuransi Central Asia (ACA), which are part of the insurance consortium ³.

Full Analysis

02

Deep Dive Analysis

OJK Strengthens Fintech Lending with New Credit Insurance Product

Enhancing Ecosystem Stability

The Financial Services Authority (OJK) has launched a new credit insurance product specifically designed for the fintech peer-to-peer (P2P) lending industry ¹

². This initiative aims to strengthen the digital finance ecosystem and mitigate potential risks associated with P2P lending. The insurance product is expected to boost lender confidence by providing protection against default risks, thereby promoting healthy growth in the sector ³.

Industry Response and Implementation

The insurance product is being implemented through a consortium of insurance companies, with PT Asuransi Central Asia (ACA) acting as the leader and PT Asuransi Asei Indonesia being one of the key participants ³

. The initial focus will be on institutional lenders, with plans to expand coverage to retail lenders in the future. The premium rates will depend on factors such as portfolio risk profile, risk management quality of the fintech platforms, and coverage tenor ².

Challenges and Future Outlook

While the new credit insurance product is seen as a positive step, industry experts have highlighted several challenges, including the need for quality historical data, adaptable underwriting capabilities, and enhanced understanding among P2P lending participants about the insurance mechanism ⁵

. The OJK has emphasized that the product is not mandatory but is expected to become an important risk management tool in the industry.

Growth of Sharia P2P Lending

In related news, OJK reported that Sharia P2P lending financing grew significantly by 38.15% to Rp1.87 trillion as of October 2025 ⁶

. The top three provinces for P2P lending growth were West Java (24.80%), Jakarta (16.38%), and East Java (11.80%) ⁴.

## Sources

[Kontan - OJK Terus Pantau Dana Syariah Indonesia](
[Kontan - Ini Respons AAUI Soal Adanya Asuransi Kredit untuk Fintech Lending](
[Bisnis.com - Konsorsium Asuransi Kredit Pinjol, Ada Asei dan ACA](
[Kontan - Ini Tiga Provinsi dengan Pertumbuhan Pembiayaan Terbesar di Industri Fintech Lending](
[Bisnis.com - Asuransi Khusus Fintech P2P Lending, Asei Ungkap Deretan Tantangan](
[Kontan - Pembiayaan Fintech P2P Lending Syariah Tumbuh Signifikan](