Indonesian non-life insurance market in H1 2022

Indonesian non-life insurance marketAccording to the data published by the General Insurance Association of Indonesia (AAUI), all insurers have recorded a 20% increase in their half-yearly turnover.

As at 30 June 2022, non-life premiums have reached 46 038 billion IDR (3.1 billion USD) against 38 374 billion IDR (2.6 billion USD) during the same period of 2021.

The sector is dominated by the property damage class of business with a turnover of 14 959 billion IDR (1.01 billion USD), that is, 32.5% of the total non-life premium income.

Motor and credit insurances come in second and third positions, accounting for 8 759 billion IDR (589.35 million USD) and 6 396 billion IDR (430.36 million USD) of premiums respectively.

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