There were 149 insurance companies in 2021, with the majority being general insurance companies.

Finance

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Viva Budy Kusnandar 19/10/2022 09:40 WIB

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More than half of the insurance companies operated in the non-life insurance sector in 2021.

Number of Insurance Companies (2012-2021)

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There were 149 insurance companies in 2021, with the majority being general insurance companies.

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Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

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Number of Insurance Companies (2012-2021)

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The salaries of insurance industry workers reaching up to Rp1 billion per month have sparked much discussion on social media.

This is particularly striking given that several insurance companies are unable to pay their customers' claims, with some even forced to shut down.

According to data from the Central Statistics Agency (BPS), there were 149 insurance companies in 2021. The majority were property and casualty insurance companies, with 77 companies representing 51.68% of the total.

Next, there were 60 life insurance companies (40.27%), 7 reinsurance companies (4.7%), 3 mandatory insurance providers (2.01%), and 2 social security administering bodies (1.34%).

In addition, there were 223 supporting insurance companies in 2021. This includes 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."