Zurich Syariah Confident of Meeting Second-Phase Equity Requirements by 2026
Jakarta – The Chief Executive Officer of PT Zurich General Takaful Indonesia (Zurich Syariah), Hilman Simanjuntak, expressed confidence that the company will be able to meet the minimum equity requirements for the second phase in 2026 through the accumulation of company profits.
He stated that this optimism is supported by the company’s consistent positive business performance growth.
“Zurich Syariah has already met the minimum equity requirement for 2026 (first phase). The requirement for 2028 (second phase) can also be met in 2026 through the accumulation of healthy business profit growth,” he said during One Zurich Iftar 2026 in Jakarta, Monday (9 March 2026).
The Financial Services Authority (OJK) requires Islamic insurance companies to maintain minimum equity of Rp100 billion no later than 31 December 2026.
Meanwhile, in the second phase, Islamic insurance companies are required to maintain minimum equity of Rp200 billion for Insurance Company Groups based on Equity (KPPE) 1 and Rp500 billion for KPPE 2 no later than 31 December 2028.
Hilman stated that solid capital resilience makes it easier for the company to focus on enhancing various product innovations for protection, including Islamic microinsurance for underserved population groups with limited access.
This also facilitates smooth company operations in improving insurance service quality to all customers without being burdened by meeting the equity threshold regulations.
“Zurich Group is also a very strong group in terms of capital, so should there be any capital needs, our group is ready to support all business entities operating in Indonesia,” Hilman said.
Similarly, Country Manager of Zurich Indonesia and Chief Executive Officer of PT Zurich Asuransi Indonesia Tbk Edhi Tjahja Negara disclosed that all Zurich business entities in Indonesia have successfully met the minimum equity requirements mandated by regulators.
He stated that the company maintains strong capital fundamentals, demonstrated by a high risk-based capital (RBC) ratio of around 300 per cent, far exceeding the regulator’s minimum requirement of approximately 120 per cent.
Globally, Zurich Insurance Group also recorded strong liquidity and capitalisation, with cash remittances reaching 7.4 billion US dollars and Swiss Solvency Test (SST) at 259 per cent, according to the 2025 annual performance report.
Additionally, the group’s operating profit totalled 8.9 billion US dollars with return on equity reaching 26.9 per cent. Both performance metrics set historical records for the company.
Director of PT Zurich Topas Life (Zurich Life) Fred Chan stated that Zurich Group supports the regulation regarding minimum equity requirements.
He said that stronger regulation will encourage improved governance, transparency, and accountability in the insurance industry as a whole, thereby strengthening public trust in the national insurance sector.
“With good governance, we can continue to expand the market and provide better services to customers through various innovative products whilst continuing to develop the insurance industry in Indonesia,” he added.