This edition of Milliman’s Indonesia Life Insurance Newsletter reviews market performance for the second quarter of 2026 and recent key industry developments. We discuss new products, the distribution channel, insurtech, insurer initiatives, key appointments, regulatory developments and other updates.
Findings include:
- Net earned premium fell in the second quarter to IDR 34,673 billion, down 1.6% from the same period a year earlier.
- Total income declined 2.3% to IDR 38,343 billion.
- Net loss incurred rose 8.3% to IDR 20,066 billion.
- Total expense rose 6.8% to IDR 33,199 billion.
- Underwriting profit fell 37.1% to IDR 5,144 billion.
- Net loss ratio rose to 57.9%, up from 52.4%.
- Net combined ratio rose to 94.1%, up from 86.2%.