Insurance Industry Assets Grow 4.38% to Rp 1,195 Trillion as of March

Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) notes that the performance of the insurance sector is still on an upward trend. The Executive Head of OJK’s Non-Bank Financial Industry Supervision, Ogi Prastomiyono, revealed that the insurance industry’s assets as of March 2026 reached Rp 1,195 trillion, a 4.38% increase year-on-year.

According to him, these assets were contributed by commercial insurance assets amounting to Rp 977.53 trillion, experiencing a 5.64% year-on-year growth.

“Insurance industry assets as of March 2026 reached Rp 1,195 trillion, up 4.38% year-on-year,” he stated during a virtual press conference on Tuesday (5/5/2026).

Commercial insurance premium income as of March 2026 grew 0.74% year-on-year to Rp 88.3 trillion. This figure consists of life insurance premiums of Rp 47.12 trillion and general and reinsurance premiums, which grew 1.77% year-on-year to Rp 41.24 trillion.

Ogi continued that the capitalisation of life and general insurance remains above the aggregate Risk-Based Capital (RBC) levels of 474% and 316%, respectively, exceeding the 120% threshold requirement.

On the other hand, Ogi also mentioned the non-commercial insurance sector, including BPJS Health and Employment, as well as insurance for the Indonesian National Armed Forces/Police and civil servants. Assets in this insurance sector were recorded to have declined 0.92% year-on-year to Rp 218.23 trillion.

Meanwhile, assets in the pension fund sector as of March 2026 were recorded to have grown 10.49% year-on-year to Rp 1,684 trillion.