# Indonesian non-life insurance sector outlook > Live situation record from CLSTR: https://clstr.news/situations/indonesian-non-life-insurance-sector-outlook > Updated: 2026-10-27T03:21:43.000Z. Sources: 5. Developments: 2. The Indonesian non-life insurance sector is navigating a period of stable outlook characterized by robust premium growth alongside profitability challenges. Earnings are currently being pressured by intense market competition, medical inflation, and rising claims costs. Economic conditions, including a projected slight easing of real GDP growth and a policy rate increase to 5.75% in June 2026, are influencing the landscape. Furthermore, insurers are preparing for regulatory shifts, specifically OJK Regulation No. 23 of 2023, which mandates phased increases in minimum equity requirements starting December 31, 2026. Individual major players have reported significant activity. IFG Life has paid out Rp33.76 trillion in claims between October 2020 and September 2026. MSIG Life Insurance Indonesia has demonstrated strong performance, reporting a 69 percent year-on-year increase in net profit to Rp181 billion during the first half of 2026. The company’s annualized premium equivalent (APE) grew by 7 percent in the first semester of 2026, and it reported a Contractual Service Margin (CSM) of Rp913 billion. MSIG Life maintains a solvency ratio (RBC) of 1,381.6 percent, which remains significantly above regulatory minimums. ## Timeline ### 2026-10-27: Bank Jago and MSIG Life report strong financial growth in 2026 Bank Jago's net profit rose 50% to Rp298 billion through September 2026, while MSIG Life saw a 69% jump in net profit during the first half of 2026. 5 sources. https://clstr.news/cluster/indonesian-insurance-sector-reports-growth-and-claim-payments ### 2026-10-19: Indonesia non-life insurers face profit squeeze despite stable outlook Indonesia’s non-life insurance sector faces a profit squeeze from medical inflation and competition, despite a stable outlook supported by robust premium growth and economic activity. 2 sources. https://clstr.news/cluster/indonesia-non-life-insurers-face-profit-squeeze-despite-stable-outlook --- Cite as: Indonesian non-life insurance sector outlook. CLSTR, https://clstr.news/situations/indonesian-non-life-insurance-sector-outlook