Problems have not disappeared from the national insurance industry. Several companies experienced negative net worth because their liabilities were greater than their assets. For the first time, the general insurance industry suffered losses. A loss of 8.9 trillion IDR due to the collapse of Asuransi Bangun Askrida’s financial performance. Reinsurance also suffered losses due to the loss of Nasional Reasuransi. AJB Bumiputera is still struggling to pay claim debts. What are the reports of insurance companies according to Infobank’s Rating 117 Insurance 2025?
PROBLEMS have not completely disappeared from the Indonesian insurance industry. Restructuring efforts are also being carried out by the Financial Services Authority (OJK) together with shareholders to improve the insurance business sector which five years ago was marked by cases of default, especially the life insurance industry. For example: Asuransi Jiwa Bersama (AJB) Bumiputera which still has a claim debt of 5.86 trillion IDR in 2024 and the claim has only been paid 542.2 billion IDR in May 2025. Meanwhile, AJB Bumiputera’s company assets continue to shrink to 9.85 trillion IDR in 2024 with a loss of 484.92 billion IDR.
The general insurance industry also has a latent problem. OJK noted that the general insurance industry in 2024 lost up to 8.9 trillion IDR. A loss that has never been experienced by general insurance as an industry before. After being investigated, it turned out that a number of general insurance companies whose performance was completely burned down, dragging the general insurance industry to really lose money.
