Oona Insurance (ABDA) Records 40% Premium Growth
Jakarta, CNBC Indonesia - General insurance issuer PT Asuransi Bina Dana Arta Tbk, or Oona Insurance Indonesia (ABDA), recorded 40% year-on-year growth in gross written premiums (GWP) in the first half of 2026.
According to the financial report as of 30 June 2026, Oona Insurance’s net insurance service result was recorded at Rp92.35 billion. This figure is up from Rp63.83 billion in the same period the previous year.
Alongside premium growth, Oona’s net profit also increased by 55%. This growth occurred amid Indonesia’s general insurance industry, which contracted by around 2% in the same period.
Founder and Group Chief Executive Officer of Oona Insurance Abhishek Bhatia said the performance demonstrates Oona’s ability to record profitable growth through underwriting discipline, diversification of distribution channels, and sustained investment in technology.
Less than four years after entering Indonesia, Oona has managed to maintain its position among the top 10 motor vehicle insurance companies by GWP, while climbing nine places to become the 23rd largest general insurance company in Indonesia by GWP.
“In the last four years, that is what we have done in Indonesia, from modernising technology, strengthening underwriting, expanding distribution, to transforming the business as a whole,” said Bhatia in an official statement on Friday (21/8/2026).
Oona’s growth is supported by a diverse distribution model, encompassing partnerships with the automotive industry, banks, brokers, agents, digital partners, and direct-to-consumer channels. Through digital partnerships, Oona’s insurance solutions are also integrated with various services such as digital wallets, ride-hailing applications, and travel platforms, providing greater convenience for customers in accessing protection.
President Director of Oona Insurance Indonesia Vincent C. Soegiarto added that Oona’s business transformation in Indonesia was built through consistent execution, not just through a single initiative.
“We continue to strengthen partnerships, expand our product portfolio, invest in technology, and maintain underwriting discipline amid various market conditions. This approach allows us to continue recording above-market performance, while building a stronger and more resilient business to enter the next phase of growth in Indonesia,” Vincent explained.
Regarding future prospects, Indonesia is considered to have long-term growth opportunities as the assets owned by the public increase and the business world continues to develop. This is because Indonesia remains one of the markets with a low insurance penetration rate in Asia.
As an illustration of industry performance, according to data from the Financial Services Authority (OJK), life insurance premiums grew 8.40% year-on-year, with a value of Rp94.83 trillion.