Insurance Claims Surge While Premiums Only Edge Up
Jakarta, CNBC Indonesia — General insurance premiums edged up by a modest 1.9% year-on-year (yoy) in the first quarter of 2026. On the other hand, claims rose at a much faster pace, growing 17.7% yoy.
Heri Supriyadi, Vice Chairman of the Indonesian General Insurance Association (AAUI) for Statistics, Research & Analysis, said that by line of business, general insurance premiums reached Rp31.12 trillion, or 1.9% growth. It should be noted that this figure does not yet include one insurance/reinsurance company that had not submitted its first-quarter 2026 financial report to AAUI.
In terms of business lines, property insurance remained the largest contributor with a market share of 26.7%, followed by motor vehicles at 17.3%, health at 14.9%, and credit insurance at 13.2%. Several business lines recorded quite significant premium growth. The energy onshore line was the highest with 185.6% growth, followed by marine hull which rose 15.4%, property at 6.5%, and credit insurance at 3.2%.
On the other hand, a number of business lines still face challenges. Engineering line premiums were recorded down 44.4%, personal accident down 31.3%, aviation down 15.2%, marine cargo down 12.6%, and liability down 2.1% compared to the same period the previous year.
“On the claims side, total claims in the general insurance industry increased 17.7% to Rp12.92 trillion. The increase in claims mainly occurred in the energy onshore line, which rose 198.4%, and engineering, which rose 133.9%,” Heri said at an AAUI press conference in Jakarta on Wednesday (17/6/2026).
In terms of capital, the general insurance industry’s total assets reached Rp270.34 trillion. This figure increased 6.4% compared to the first quarter of 2025. Total investment grew 8.1% to Rp133.33 trillion, while total equity increased 12.0% to Rp85.89 trillion. The investment structure of the general insurance industry is still dominated by Government Securities (SBN), which reached Rp48.26 trillion or 36.2% of total investment.