This edition of Milliman’s Indonesia Life Insurance Newsletter covers reported data for fiscal year 2022, starting with market performance for metrics such as profit before tax and other comprehensive income (OCI), total claims and benefits, net profit, and total assets and technical reserves. The report then details developments for the first quarter of 2023, discussing the following topics:
- New traditional market, unit-linked, Syariah, and microinsurance products
- New digital features
- Recent developments with troubled insurers Jiwasraya/IFG Life, Bumiputera, Wanaartha Life, and Kresna Life
- Mergers and acquisitions
- Information on a Syariah spin-off
- Other industry news, regulatory developments, and distribution updates