Insurance Agent Salaries Reaching Billions? A Look at the Various Types of Insurance Companies in Indonesia

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Cindy Mutia Annur 19/10/2022 16:30 WIB

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In 2021, BPS recorded 149 insurance companies throughout Indonesia. The largest number of companies, 77, were non-life insurance companies.

Number of Insurance Companies in Indonesia by Type (2021)

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Insurance Agent Salaries Reaching Billions? A Look at the Various Types of Insurance Companies in Indonesia

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Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

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Number of Insurance Companies in Indonesia by Type (2021)

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The confession of several women earning Rp600 million to Rp1.1 billion per month went viral on social media. They are known to have backgrounds in the insurance industry.

So, how many types of insurance companies are there in Indonesia today?

According to the Central Bureau of Statistics (BPS), there were 149 insurance companies throughout Indonesia in 2021.

Property and casualty insurance companies had the highest number, totaling 77 companies. This represents 51.67% of the total national insurance companies.

Next, there were a total of 60 life insurance companies, or 40.26% of the total insurance companies in the country.

Furthermore, there were 7 reinsurance companies in Indonesia. This is followed by 2 compulsory insurance providers and 2 social security guarantors.

In addition to insurance companies, there are also supporting insurance companies. In total, there were 223 such companies in 2021.

Specifically, there were 155 insurance brokers, 41 reinsurance brokers, and 27 loss adjusters.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."