Insights
All Insights
A collection of articles, reflections, and strategic thinking from the GATICORP ecosystem.
Insurance
Parametric Insurance Pays on a Trigger, Not the Loss
Parametric insurance uses predefined parameters to trigger payouts. Its potential speed and objectivity come with a different risk: the index may not perfectly match the actual loss.
Insurance
Behind Every Policy Is Capital Supporting the Promise
An insurance policy is a promise to pay when risk materialises. Honouring that promise depends not only on premiums, but also on capital, reserves, assets, reinsurance and risk management.
Insurance
A Policy That Is Hard to Understand Is a Product Risk
Insurance problems do not always begin with a rejected claim. They can start much earlier when customers buy without a clear understanding of benefits, limits, costs and processes.
Insurance
Policy Guarantee Moves Toward 2027
Indonesia’s Deposit Insurance Corporation is accelerating preparations for a policyholder guarantee programme with possible activation in 2027. The new safety net could reshape policyholder protection, but coverage limits, eligible products, contributions and implementation details remain under development.
Insurance
Reinsurance Premium Falls as Claims Rise
Indonesia’s reinsurance premium declined by roughly 16% in the first half of 2026 while claims increased more than 26%. The story is not simply shrinking business: global pricing, insurer retention, legacy claims and risk-capacity design are all changing simultaneously.
Insurance
New Business Rises, Retention Becomes the Test
Indonesia’s life-insurance new-business premium grew double digits in the first half of 2026 and the number of insured people increased sharply. The next test is whether growth translates into durable protection through retention, persistency and relevant products.
Insurance
A 99.6% Claims Ratio Puts Credit Insurance Under Pressure
Credit-insurance premiums grew 9.3% in the first half of 2026, but claims rose 32.7%, almost matching premiums. A 99.6% claims ratio does not mean the line lost 99.6%, but it raises serious questions about pricing, underwriting, data and risk sharing.
Insurance
Three New Sharia Life Insurance Licences: Is 2026 Reshaping Indonesia’s Market?
OJK issued licences to Panin Dai-ichi Life Sharia, Central Asia Raya Syariah and AXA Sharia Life Insurance within days. The wave reflects accelerating spin-offs ahead of the end-2026 deadline—but new legal entities do not automatically create new demand.
Insurance
Indonesia’s General Insurance Premiums Fell 3.04%: Slowdown, Business-Mix Shift, or Cycle?
General insurance and reinsurance premiums contracted 3.04% year on year through July 2026. Yet the aggregate number hides very different trends: property premiums declined sharply, motor and credit grew, while claims pressure increased.
Insurance
Construction Wholesale Prices Are Up 9.52%: Is Your Business Property Still Adequately Insured?
Indonesia’s construction wholesale-price index rose 9.52% year on year in August 2026. That does not mean every property needs the same increase in sum insured, but it is a strong signal to reassess replacement value and underinsurance risk.
Insurance
Indonesia’s Health Insurance System Is Entering a New Coordination Phase: What It Means for Employers and Employees
Indonesia’s financial and health regulators are strengthening coordination between insurers, BPJS Kesehatan, and hospitals. For employers, the issue goes beyond premiums to benefit design, claims administration, employee experience, and long-term healthcare sustainability.
Insurance
Insurance Enters a Stronger Phase
Indonesia’s insurance sector remains well capitalized, but uneven premium growth and ongoing equity requirements are reshaping the strategic priorities of general insurers.
Insurance
PSAK 117: A New Way to Read Insurance Performance
PSAK 117 is more than a reporting-format change. It requires readers to distinguish premiums from insurance revenue, remaining obligations and profit linked to future services.
Insurance
Indonesia’s 2026 Wildfires: Strengthening Business Resilience
Wildfires can affect companies far beyond the fire zone. Smoke, workforce exposure, suppliers, logistics and facilities all create operational risks that businesses can map before disruption occurs.
Insurance
General Insurance Claims Rise 17.7%: Time to Review Business Risk
Indonesia's general insurance claims rose sharply in early 2026, but the number does not mean the industry is in distress. For businesses, the more useful question is whether assets, inventory, deductibles, dependencies and coverage structures still reflect today's risks.
Insurance
16.9% Medical Inflation: Why Your Corporate Insurance Costs are Skyrocketing in 2026
Indonesia's medical inflation hits 16.9% in 2026, pushing insurance loss ratios to nearly 185%. Discover how this will aggressively impact your corporate cash flow.
Insurance
Corporate Insurance Strategy
Ransomware attacks paralyze operational workflows and drain corporate cash reserves. Discover the best corporate insurance strategies right here.
Insurance
Property Claims Jump 34.7%!
A steep 34.7% surge in commercial property insurance claims reached IDR 2.64 trillion. Here is the macroeconomic data and strategic response your corporate finance needs.
Insurance
Only 2.7% of Indonesians Carry Insurance: Insurtech Role
Explore the definitive data behind the insurtech industry in indonesia, key market bottlenecks, and custom digital risk solutions engineered for corporate growth.
Insurance
The Numbers Behind the Risk: Why Corporate General Insurance 2026 is Tightening Up?
The general insurance industry faces a surge in commercial claims reaching IDR 55.82 trillion. Discover why corporate agents are now key to your business efficiency.
Insurance
2026 Health Insurance Regulation: New Tactics Against Inflation
With Indonesia's medical inflation reaching 17.9%, OJK mandates a 10% co-payment scheme. Learn how this reshapes your corporate and personal risk management.
Insurance
Tight Screening 2028: Will Your General Insurance Secure the LPS Guarantee?
Only financially sound insurance companies will enter the LPS guarantee program by 2028. Evaluate your general insurance risks amidst shifting global market dynamics.
Insurance
Evaluating Retail Business Operational Risk
The sudden closure of hundreds of modern retail outlets due to overdraft disputes
Insurance
Breaking the 2.7% Threshold: Modern Corporate Risk Management in the Digital Transparency Era
Facing a stagnant 2.7% national insurance penetration rate, the integration of cutting-edge technology and radical transparency holds the key to modern business ecosystem growth.
Insurance
Bancassurance Dominates at 40.4%: The Vital Need for Independent Corporate Risk Audits
Banking channels control the majority of insurance premiums in Indonesia. Here is why businesses still require specialized risk analysis before signing a policy.
Insurance
OJK Insurance Regulation 2026: The Impact of New Equity Rules
OJK has set the end of 2026 as a critical deadline for insurance minimum equity. Discover how this impacts the agency ecosystem.
Insurance
General Insurance and Technology: The New Era of Insurtech
Digital transformation via AI and IoT is reshaping Indonesia's general insurance landscape, accelerating claims and optimizing agency systems.