Indonesia Insurance Sector Report 2025-2026

Indonesia's insurance sector has experienced consistent growth in recent years, driven by economic expansion and increasing public awareness of the importance of insurance. Despite this progress, the market remains under-penetrated, with gross insurance premiums accounting for just 2.5% of GDP and highlighting substantial room for further development. By the end of 2024, the industry consisted of 150 licensed insurance providers and 218 intermediaries. Social insurance dominates the premium pool, comprising 46% of total gross premiums, while life insurance accounts for 30% and non-life insurance contributes 18%. Mandatory insurance policies constitute around 1.3% of premium collections, and Sharia-compliant insurance contributes under 5% of the total, signalling an emerging, but still modest presence in the broader market.

This report provides a complete and detailed analysis of the "Banking and insurance" sector for Indonesia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking and insurance" sector in Indonesia
• Crystallise the forces both driving and restraining this sector in Indonesia
• Ascertain Indonesia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Indonesia.
• Build a clear picture of trends, output and consumption for specific sub-sectors