Video: Insurance Claims Rise, AAJI Reveals Causes and Impacts

The Indonesian Life Insurance Association (AAJI) is optimistic about the resilience of the life insurance business throughout 2026, as reflected in the growth of new business premiums, total assets, and the number of insured individuals. Traditional products remain the primary source of growth for the life insurance sector, followed by sales of unit-linked products from the single premium segment or among financially literate customers who understand the role of protection and investment. Additionally, distribution channel expansion continues, including agency and bancassurance channels. Regarding the increase in insurance claims, AAJI views this as part of the insurer’s obligations, noting that the rise is largely due to maturing policies. However, the association stressed that insurers must be more prudent in managing assets, including investments.