Key Market Indicators
Indonesia's gross written premium is set to reach US$19.2 billion by 2026, according to a new report. This is up 0.6% year on year, from US$17.9 billion in 2021. Since 2017, Indonesia's insurance market has grown at an average rate of 0.7% year on year. In 2021, the country was the 26th largest in the world, overtaken by Austria at US$17.9 billion. The United Kingdom, Japan, and Germany followed as the second, third, and fourth largest markets, respectively.
