As of November 2024, Insurance Industry Assets Reach IDR 1,126.93 Trillion, All Segments Experience Growth

Dwi Synta

Januari 08, 2025

As of November 2024, Insurance Industry Assets Reach IDR 1,126.93 Trillion, All Segments Experience Growth

The Chief Executive of Insurance, Guarantee, and Pension Fund Supervision (PPDP) at OJK, Ogi Prastomiyono (Dok. Ist)

Printable.biz.id – The Financial Services Authority (OJK) recorded that the assets of the insurance industry reached IDR 1,126.93 trillion as of November 2024. This figure is higher compared to last year, with the insurance sector experiencing a growth of 2.2%.

The Chief Executive of Insurance, Guarantee, and Pension Fund Supervision (PPDP) at OJK, Ogi Prastomiyono, explained that the total assets of the insurance industry consist of non-commercial insurance assets amounting to IDR 223.35 trillion, which grew by 0.15% year-on-year (yoy), and commercial insurance assets amounting to IDR 903.58 trillion, which grew by 2.71% yoy.

"The performance of commercial insurance includes an accumulated premium income of IDR 296.65 trillion, an increase of 2.22% yoy," Ogi stated at the December 2024 Monthly RDK Press Conference (RDKB) on Tuesday (7/1).

On the other hand, commercial insurance premium income consists of life insurance premiums amounting to IDR 165.13 trillion, growing by 2.64% yoy, and general and reinsurance premiums amounting to IDR 131.52 trillion, growing by 1.70% yoy.

Meanwhile, in the non-commercial insurance sector, premium income reached IDR 116.11 trillion, growing by 7.60% yoy. This growth is attributed to solid capitalization. The improvement in the insurance sector marks a recovery after previous contractions.

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Dwi Synta

Hai saya Synta, seorang Reviewer Influencer dan Penulis di Rekomendasid.com, Saya merekomendasikan pengalaman saya dalam beberapa topik mulai dari Lifestyle, Teknologi, kuliner, Wisata, Barang

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