Insurance in Indonesia spans motor, life, property, and cargo, with performance shaped by coverage needs and shifting premium mixes. In 2022, total gross premiums reached IDR 248.6 trillion, while life added momentum through new business APE of IDR 45.2 trillion and higher single-premium sales totaling IDR 30 trillion. We break down market shares, claims outcomes, and customer experience alongside solvency and penetration metrics that signal industry stability and reach.
Key Takeaways
- PT Asuransi Astra Buana held 12.5% market share in general insurance motor segment in 2022.
- PT Prudential Life Assurance dominated life insurance with 25.3% gross premium share in 2022.
- PT Asuransi Jiwa Manulife Indonesia market share 18.2% in life.
- In 2022, life insurance new business annual premium equivalent (APE) reached IDR 45.2 trillion, up 8.5% YoY.
- Single premium sales in life insurance surged 12% to IDR 30 trillion in 2022.
- Number of life insurance policies in force: 67.2 million at end-2022.
- In 2022, the total gross premiums in Indonesia's insurance industry reached IDR 248.6 trillion, reflecting a 4.8% year-on-year growth.
- Indonesia's insurance penetration rate stood at 1.82% of GDP in 2022, up from 1.75% in 2021.
- The insurance industry's total assets grew to IDR 789 trillion by end-2022, a 7.2% increase from the previous year.
- In 2022, motor vehicle insurance premiums totaled IDR 35.2 trillion, comprising 40% of non-life market.
- Property insurance premiums reached IDR 15.8 trillion in 2022.
- Number of motor policies in force: 12.5 million in 2022.
- Indonesia's insurance penetration rate was 1.82% of GDP in 2022, with life at 1.2% and non-life at 0.62%.
- Insurance density per capita reached USD 55 in 2022.
- OJK reported solvency ratio minimum of 100%, industry average 215% in 2022.
In 2022, Indonesia’s insurance industry grew steadily with rising premiums, assets, and penetration.
Related reading
02 · Category
Life Insurance Statistics27 stats
01
In 2022, life insurance new business annual premium equivalent (APE) reached IDR 45.2 trillion, up 8.5% YoY.
02
Single premium sales in life insurance surged 12% to IDR 30 trillion in 2022.
03
Number of life insurance policies in force: 67.2 million at end-2022.
04
Life insurance claims ratio was 85% in 2022.
05
Participating policies accounted for 55% of life premiums in 2022.
06
Unit-linked products premiums grew 10.2% to IDR 25 trillion.
07
Protection-only products saw 15% growth in policies sold.
08
Average sum assured per life policy: IDR 250 million in 2022.
09
Female policyholders comprised 52% of life insurance customers in 2022.
10
Group life insurance premiums: IDR 18 trillion, up 7%.
11
Critical illness riders attached to 40% of new policies.
12
Lapse ratio in life insurance averaged 12% in 2022.
13
Investment yield on life funds: 6.8% in 2022.
14
Savings products dominated with 60% market share in life segment.
15
Bancassurance life premiums: IDR 56 trillion in 2022.
16
Online sales of life policies increased 25% YoY.
17
Endowment policies claims paid: IDR 40 trillion.
18
Term life penetration among millennials: 18% in 2022.
19
Health riders in life policies: 35% attachment rate.
20
Annuity products sales grew 9% to IDR 5 trillion.
21
Policy persistency rate: 88% at 13th month in 2022.
22
Investment in government bonds by life insurers: 45% of portfolio.
23
New agents recruited: 150,000 in life sector 2022.
24
Corporate group life covers 20 million lives.
25
Premium per policy average: IDR 2.4 million annually.
26
Death claims processed: 450,000 cases in 2022.
27
Maturity benefits paid: IDR 35 trillion.
Interpretation
Life Insurance Statistics Interpretation
In 2022, Indonesia’s life insurance sector showed clear momentum as new business APE rose to IDR 45.2 trillion with single premium sales up 12% to IDR 30 trillion, alongside strong unit linked premium growth of 10.2% to IDR 25 trillion.
03 · Category
Market Size And Growth30 stats
01
In 2022, the total gross premiums in Indonesia's insurance industry reached IDR 248.6 trillion, reflecting a 4.8% year-on-year growth.
02
Indonesia's insurance penetration rate stood at 1.82% of GDP in 2022, up from 1.75% in 2021.
03
The insurance industry's total assets grew to IDR 789 trillion by end-2022, a 7.2% increase from the previous year.
04
Gross premiums for life insurance in Indonesia hit IDR 160.3 trillion in 2022.
05
Non-life insurance premiums totaled IDR 88.3 trillion in 2022, growing 3.1% YoY.
06
Indonesia's insurance density was IDR 916,000 per capita in 2022.
07
The sector's equity capital reached IDR 145 trillion in 2022.
08
Insurance claims paid out amounted to IDR 120.5 trillion in 2022.
09
Number of insurance policies in force rose to 78.4 million in 2022.
10
Projected CAGR for Indonesian insurance market is 6.5% from 2023-2027.
11
Total premiums expected to reach USD 30 billion by 2025.
12
Insurance market size valued at USD 22.5 billion in 2023.
13
Growth driven by digital adoption, with 15% premium increase via digital channels in 2022.
14
Post-COVID recovery saw 8% premium growth in health segment 2021-2022.
15
Total solvency ratio of industry averaged 200% in 2022.
16
Investment assets under management hit IDR 650 trillion in 2022.
17
Number of insurers operating: 59 life and 55 non-life in 2022.
18
Premium growth forecast at 5-7% annually till 2030.
19
Microinsurance policies reached 12 million in 2022.
20
Digital premiums contributed 12% of total in 2022.
21
Industry paid claims ratio was 48% in 2022.
22
Total new business premiums grew 6.2% in 2022.
23
Bancassurance channel accounted for 35% of life premiums in 2022.
24
Agency channel still dominant at 45% of premiums.
25
Rural penetration increased by 10% in 2022.
26
ESG investments in insurance portfolios rose to 5% in 2022.
27
Catastrophe losses impacted premiums by IDR 2.5 trillion in 2022.
28
Reinsurance ceded premiums were IDR 25 trillion in 2022.
29
Net premiums written grew 5.1% to IDR 210 trillion.
30
Industry profit after tax: IDR 18.7 trillion in 2022.
Interpretation
Market Size And Growth Interpretation
In 2022 Indonesia’s insurance market kept expanding with gross premiums of IDR 248.6 trillion growing 4.8% year on year and assets reaching IDR 789 trillion, showing steady market growth alongside rising penetration to 1.82% of GDP.
More related reading
04 · Category
Non Life Insurance Statistics24 stats
01
In 2022, motor vehicle insurance premiums totaled IDR 35.2 trillion, comprising 40% of non-life market.
02
Property insurance premiums reached IDR 15.8 trillion in 2022.
03
Number of motor policies in force: 12.5 million in 2022.
04
Cargo insurance grew 4.5% to IDR 8.7 trillion.
05
Claims ratio for motor insurance: 65% in 2022.
06
Fire insurance policies: 1.2 million active.
07
Liability insurance premiums: IDR 4.2 trillion.
08
Marine hull premiums declined 2% to IDR 3.5 trillion.
09
Accident insurance policies: 5.8 million.
10
Non-life loss ratio averaged 55% in 2022.
11
Third-party liability claims: IDR 10 trillion paid.
12
Credit insurance premiums: IDR 1.8 trillion.
13
Engineering insurance grew 6% to IDR 2.9 trillion.
14
Aviation insurance: IDR 0.8 trillion premiums.
15
Non-life digital claims processed: 30% of total in 2022.
16
Motor own damage premiums: IDR 20 trillion.
17
Property all-risk policies up 5%.
18
Catastrophe claims in non-life: IDR 4.5 trillion from floods.
19
Micro non-life policies: 2.5 million.
20
Bond insurance premiums: IDR 6.2 trillion.
21
Travel insurance post-COVID recovery: 20% growth.
22
Agricultural insurance policies: 800,000.
23
Expense ratio in non-life: 28%.
24
Reinsurance recovery: IDR 12 trillion.
Interpretation
Non Life Insurance Statistics Interpretation
In 2022, Indonesia’s non life insurance market was led by motor coverage, with IDR 35.2 trillion in premiums making up 40% of the total and 12.5 million motor policies in force, even as insurers faced a 65% motor claims ratio.
05 · Category
Regulatory And Penetration Metrics26 stats
01
Indonesia's insurance penetration rate was 1.82% of GDP in 2022, with life at 1.2% and non-life at 0.62%.
02
Insurance density per capita reached USD 55 in 2022.
03
OJK reported solvency ratio minimum of 100%, industry average 215% in 2022.
04
Number of complaints to OJK: 45,000 in 2022, resolution rate 92%.
05
Regulatory capital requirement increased to IDR 100 billion for new life insurers in 2023.
06
Digital insurance framework approved, 25% sales via apps by 2025 target.
07
Microinsurance penetration in rural areas: 15% of population covered.
08
Mandatory motor TPL coverage compliance: 75% of vehicles.
09
RBC framework fully implemented since 2019, compliance 98%.
10
Foreign ownership cap at 80% for insurers as per 2022 regulation.
11
Claims settlement period regulated to max 15 days for simple claims.
12
Insurance intermediaries licensed: 450,000 agents, 5,000 brokers.
13
Anti-money laundering compliance score: 95% for insurers.
14
Sustainability reporting mandatory for top 20 insurers since 2022.
15
Penetration in MSMEs: 12% have insurance coverage.
16
Health insurance penetration: 25% of population.
17
OJK fintech insurance licenses issued: 50 in 2022.
18
Rural bancassurance outlets: 10,000 points.
19
Gender gap in insurance ownership: 8% lower for women.
20
Elderly coverage (over 60): 18% penetration.
21
Tax incentives for insurance premiums up to IDR 5 million deductible.
22
IFRS 17 adoption deadline extended to 2024.
23
Consumer protection index score: 85/100 in 2022.
24
Insurtech funding raised: USD 200 million in 2022.
25
Mandatory JKN integration for private health insurers.
26
Cybersecurity regulation compliance: 90% of insurers.
Interpretation
Regulatory And Penetration Metrics Interpretation
Indonesia’s regulatory and penetration outlook is strengthening as insurance penetration rises to 1.82% of GDP in 2022 while compliance momentum grows with an OJK solvency minimum of 100% and a 215% industry average and faster consumer confidence gains from a 92% complaint resolution rate, alongside a push for digital distribution targeting 25% of sales via apps by 2025.
report visual · Comparison
Indonesia’s Insurance Industry Growth Signals (2022)
Industry premiums and assets expanded in 2022, alongside a rising insurance penetration rate.
Bancassurance channel accounted for 35% of life premiums in 2022.35%
Growth driven by digital adoption, with 15% premium increase via digital channels in 2022.15%
The insurance industry's total assets grew to IDR 789 trillion by end-2022, a 7.2% increase from the previous year.7.2%
In 2022, the total gross premiums in Indonesia's insurance industry reached IDR 248.6 trillion, reflecting a 4.8% year-o4.8%
Indonesia's insurance penetration rate stood at 1.82% of GDP in 2022, up from 1.75% in 2021.1.82%
Reference
Cite This Report
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APA
Margot Villeneuve. (2026, February 13). Indonesia Insurance Industry Statistics. Gitnux. https://gitnux.org/indonesia-insurance-industry-statistics
MLA
Margot Villeneuve. "Indonesia Insurance Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/indonesia-insurance-industry-statistics.
Chicago
Margot Villeneuve. 2026. "Indonesia Insurance Industry Statistics." Gitnux. https://gitnux.org/indonesia-insurance-industry-statistics.
Sources & references
26 datasets cited across this report · attribution is report-level