Insights
All Insights
A collection of articles, reflections, and strategic thinking from the GATICORP ecosystem.
Insurance
Reinsurance Premium Falls as Claims Rise
Indonesia’s reinsurance premium declined by roughly 16% in the first half of 2026 while claims increased more than 26%. The story is not simply shrinking business: global pricing, insurer retention, legacy claims and risk-capacity design are all changing simultaneously.
Insurance
New Business Rises, Retention Becomes the Test
Indonesia’s life-insurance new-business premium grew double digits in the first half of 2026 and the number of insured people increased sharply. The next test is whether growth translates into durable protection through retention, persistency and relevant products.
Insurance
A 99.6% Claims Ratio Puts Credit Insurance Under Pressure
Credit-insurance premiums grew 9.3% in the first half of 2026, but claims rose 32.7%, almost matching premiums. A 99.6% claims ratio does not mean the line lost 99.6%, but it raises serious questions about pricing, underwriting, data and risk sharing.
Insurance
Three New Sharia Life Insurance Licences: Is 2026 Reshaping Indonesia’s Market?
OJK issued licences to Panin Dai-ichi Life Sharia, Central Asia Raya Syariah and AXA Sharia Life Insurance within days. The wave reflects accelerating spin-offs ahead of the end-2026 deadline—but new legal entities do not automatically create new demand.
Insurance
Indonesia’s General Insurance Premiums Fell 3.04%: Slowdown, Business-Mix Shift, or Cycle?
General insurance and reinsurance premiums contracted 3.04% year on year through July 2026. Yet the aggregate number hides very different trends: property premiums declined sharply, motor and credit grew, while claims pressure increased.
Insurance
Construction Wholesale Prices Are Up 9.52%: Is Your Business Property Still Adequately Insured?
Indonesia’s construction wholesale-price index rose 9.52% year on year in August 2026. That does not mean every property needs the same increase in sum insured, but it is a strong signal to reassess replacement value and underinsurance risk.
Insurance
Indonesia’s Health Insurance System Is Entering a New Coordination Phase: What It Means for Employers and Employees
Indonesia’s financial and health regulators are strengthening coordination between insurers, BPJS Kesehatan, and hospitals. For employers, the issue goes beyond premiums to benefit design, claims administration, employee experience, and long-term healthcare sustainability.
Insurance
Insurance Enters a Stronger Phase
Indonesia’s insurance sector remains well capitalized, but uneven premium growth and ongoing equity requirements are reshaping the strategic priorities of general insurers.