Insurance Premiums Grow 3.5% as of February 2026

Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) notes that the performance of the insurance sector is still on an upward trend. OJK’s Executive Head of Non-Bank Financial Industry Supervision, Ogi Prastomiyono, revealed that the insurance industry’s assets as of February 2026 reached Rp1,219 trillion, up 6.8% year-on-year.

According to him, these assets were contributed by commercial insurance assets amounting to Rp999 trillion, experiencing 8.75% year-on-year growth.

“Insurance industry assets in February 2026 reached Rp1,219 trillion, up 6.8% yoy,” he stated during a virtual press conference on Monday (6/4/2026).

Commercial insurance premium income as of February 2026 grew 3.5% year-on-year to Rp62.37 trillion. This achievement consists of life insurance premiums of Rp32.39 trillion and general insurance premiums, which grew 7.41% year-on-year to Rp29.98 trillion.

Ogi continued that the capitalisation of life and general insurance remains above the aggregate Risk-Based Capital (RBC) levels of 480.83% and 327.98%, 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 TNI/Police and civil servants. Assets in this sector were recorded to have declined 0.57% year-on-year to Rp220.2 trillion.

Meanwhile, assets in the pension fund sector as of February 2026 were recorded to have grown 12.2% year-on-year to Rp1,793 trillion.

For voluntary pension programmes, the total assets amounted to Rp413 trillion. Meanwhile, for mandatory pension programmes consisting of JHT and BPJS Employment pensions, as well as accumulated pension contributions, the assets totalled Rp1,827 trillion, up 13.86% year-on-year.

In addition, for guarantee companies, Ogi added that as of the end of February, they grew 1.19% year-on-year to Rp47.52 trillion.