The Chief Executive of Insurance, Guarantee, and Pension Fund Supervision at the Financial Services Authority (OJK), Ogi Prastomiyono, reported that insurance industry assets grew by 3.66% year-on-year in April 2025. According to OJK data, total assets reached IDR 1,162.78 trillion in April 2025, up from IDR 1,121.69 trillion in April 2024. The commercial insurance sector’s assets rose 4.13% to IDR 940.48 trillion, with premium income increasing 3.27% to IDR 116.44 trillion during January–April 2025. Life insurance premiums grew 1.05% to IDR 60.6 trillion, while general and reinsurance premiums expanded 5.79% to IDR 55.84 trillion. The industry’s capital remains solid, with risk-based capital ratios well above the 120% threshold.
Meanwhile, the non-commercial insurance segment, including BPJS Health, BPJS Employment, and insurance programs for civil servants, military, and police, saw total assets increase 1.73% year-on-year to IDR 222.3 trillion. The pension fund industry’s assets rose 8.26% to IDR 1,551.03 trillion, with voluntary pension programs up 4.45% and mandatory programs increasing 9.59%. However, guarantee companies’ assets contracted by 0.58% to IDR 47.34 trillion. OJK continues monitoring equity compliance, noting that 110 out of 144 insurance and reinsurance companies have met minimum equity requirements. Special supervision remains in place for six insurance companies and nine pension funds to safeguard financial health and protect policyholders.
