{
    "success": true,
    "data": {
        "id": 1879325,
        "msgid": "multifinance-vehicle-credit-slump-pressures-insurance-sector-1784886710",
        "date": "2026-07-24 16:16:32",
        "title": "Multifinance Vehicle Credit Slump Pressures Insurance Sector",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's Financial Services Authority (OJK) recorded a 1.44% year-on-year decline in multifinance vehicle financing to IDR 402.49 trillion, impacting the motor vehicle insurance business. Industry leaders suggest insurers must seek new growth avenues, including the existing vehicle market and the electric vehicle segment, to offset the slowdown.",
        "content": "<p>The Financial Services Authority (OJK) recorded a slowdown in\nmultifinance vehicle financing of 1.44% year-on-year to IDR 402.49\ntrillion as of May 2026. This decline in multifinance vehicle credit is\nset to affect the performance of the motor vehicle insurance business.\nIn an effort to maintain insurance growth amid the pressure on\nmultifinance vehicle financing, the industry is being urged to\nstrengthen other sources of growth. These include insuring vehicles\nalready in circulation and expanding distribution channels by leveraging\ndigital technology and social media. The electric vehicle segment also\npresents a new opportunity for insurers to broaden their premium growth\nsources.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/multifinance-vehicle-credit-slump-pressures-insurance-sector-1784886710",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}