Auto fraud refund scheme has delivered W11.2b since 2009
Roxanne Libatique Apr 21, 2026
Indonesia motor insurance market set for steady growth to 2030
Increase follows integration with Carrot General Insurance
Persistent motor losses force modest premium rise after five years
Flexible payments aim to match the income patterns of gig workers
Insurers flag cross-border coverage gaps
Co-funded premiums, policyholder standards, and coverage limits set in rules
New facility eliminates coverage gaps across developers, fleet operators, and manufacturers
Proposed reduction could shift insurers’ balance of equities and capital
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