Top Ten Insurance Company In Indonesia 2022

With the insurance industry in Indonesia is growing, it’s important to find a company that offers your best insurance options. We’ve done the research and collected information from top companies in Indonesia, so you don’t have to!

We’ll show you how we picked our top ten insurance companies and what they offer. When all of these factors are considered, it will be easier for you to make an informed decision about which one is best for your needs.

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Top Ten Best Insurance Company In Indonesia 

The world of insurance is not always easy to navigate. There are so many different types of coverage with confusing names and options that it can be difficult to know what you need for your specific situation. To make things easier, we’ve compiled a list of the top ten best insurance companies in Indonesia. We hope this guide helps you find the right policy for your needs! 

1.AIA Insurance Company In Indonesia

AIA Insurance Insurance Company In Indonesia
AIA Insurance Insurance Company In Indonesia

This is one of the best insurance companies in Indonesia. AIA offers a variety of different products, including life and general coverage plans. They provide top-notch customer service for their clients as well!

AIA Insurance is an investor-owned company with its headquarters located in Hong Kong. It provides financial services to both individual and institutional customers through various life insurance, property insurance, and retirement savings plans, among others.

Established in 1919, it’s active throughout the Asia Pacific region. The company was founded by former president Eusebio Orense who became CEO until 2007 when he appointed Mark Tucker to be his successor after 42 years career at the company. In 1992 they were awarded ISO 900:2000 certification, and in 2008 they were awarded the Globe Award of Corporate Governance.

  • Industry: -Insurance
  • Location: -Hong Kong,
  • Year Founded: -1991
  • Number of Employees- Worldwide (2016): 13,000+ employees
  • Revenue Per Year (USD): US$284 billion (as of December 31, 2019)
  • Website: https://www.aia.com/

2.BNI Life Insurance 

BNI Life Insurance, top insurance companies in indonesia
BNI Life Insurance 

BNI Life Insurance is a joint venture between BNP Paribas and Bank Negara Indonesia with subsidiaries in Singapore, Malaysia and Thailand. The company was established on October 16, 1992 by PT Panca Wahana Karya Bersama (PANWAKARSA), PT Indosurya Nusantara Jaya Tbk., PT Asuransi Jiwa Santosa tbk.(AJISANTOSA) and PT Panin Sekuritas.

BNI Life is Indonesia’s largest insurance company. It offers a wide variety of life insurance products, including individual and group policies, pension plans, and annuities to cover various stages in one’s life cycle. In addition to its core business activities, BNI LIFE also operates as a financial provider through BNI-ULIA Savings Bank (BRI) that has been offering savings accounts for over 20 years.

  • Industry: Insurance
  • Location: Jakarta – Indonesia
  • Year Founded: 1992
  • Number of Employees-Worldwide (2016): 2000+ employees
  • Revenue Per Year(USD): US$490 million
  • Website: https://www.bni-life.co.id
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3.Jasindo Insurance

Jasindo Insurance,best insurance company in indonesia
Jasindo Insurance

Jasindo insurance, born in 1973 with the name of PT Jasindo Utama Tbk. It is a company that has many subsidiary companies and supporting offices in Indonesia are some subsidiaries are: PT Asuransi Jasa Semesta (AJSEMEST), PT Asuransi Jiwa Bhakti Jaya Abadi (BHAKTIBAYAA), and Pertamina Life Insurance Company.

In this company, PT Jasindo Utama Tbk has only one product called insurance for vehicles. AJSEMEST provides health and life insurance as well as BHAKTIBAAYAA which provide disability insurance and pension plan.

  • Industry-Insurance
  • Location-Jakarta, Indonesia
  • Year Founded- 1973
  • Number of Employees World Wide- 17000+ employees 
  • Revenue Per Year(USD)-US$400 million

4.Sinarmas Insurance 

Sinarmas Insurance, indonesia insurance association
Sinarmas Insurance 

SINARMAS INDONESIA is the subsidiary of PT SINARMAS SEJAHTERA, Tbk, and was established in 1979. It is a company that has insurance products for life insurance, health insurance, and property & casualty (P&C) insurance to customers.

The company is committed to delivering quality services and products that are global standards for customers. SINARMAS INDONESIA has the largest customer base in Indonesia, with more than three million policyholders accounts (life insurance) as of December 2011. 

The company also offers a variety of health insurance packages such as children’s package, individual package, family packages, and other niche product packages like pensioner’s coverage. This one is the best insurance company in Indonesia.

  • Industry: Insurance
  • Products:– Life insurance, health insurance, property & casualty (P&C) insurance
  • Location: Jakarta Indonesia
  • Founded: 1979
  • Revenue Per Year (USD): $100 million
  • Employees: – 500+ (2011)
  • Website: https://www.sinarmasmsiglife.co.id/

5.Jiwasraya Insurance 

Jiwasraya Insurance
Jiwasraya Insurance 

Jiwasraya Insurance is the third-largest insurance company in Indonesia. Jiwasraya Insurance offers a variety of life and non-life insurance products to help protect your investments and lifestyle, such as car insurance, HOAP (home/apartment owner’s policy), health insurance for children, travel medical insurance coverage.

This one is also great because it has been awarded “The Most Trusted Life Insurer” by Banker Asia Magazine consecutively since 2005.

  • Industry: insurance
  • Locations: Indonesia (nationwide)
  • Founded Year: December 31, 1859
  • Revenue Per Year (USD): $18.67 million USD
  • Employees: 800+ employees in 2007
  • Website: Jiwasraya Insurance 

6.Mercury Insurance company in Indonesia

Mercury Insurance company in Indonesia, Indonesian Insurance Company
Mercury Insurance company in Indonesia

Mercury Insurance Company was established in 1859. It is the largest insurance company in Indonesia and ranks seventh among Indonesian companies with $19 billion USD assets as of December 31, 2017. The company offers a range of products for individuals, businesses, and institutions to provide security for their investments and lifestyles, such as car insurance, HOAP (home/apartment owner’s policy), health insurance for children, travel medical insurance coverage.

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Their services include general liability-automobile -property/casualty -life/health-marine-workers’ compensation insurances; They also offer trade credit protection services against commercial risks such as export credit guarantee certificates. As of September 30, 2018, they had 331 million customers throughout the world.

They were named a Global Top 100 company for the seventh consecutive year and are the only Indonesian insurance group to make it on this list. In 2017 they won five awards at The International Insurance Awards in London, including “Best Non-Life Insurer”; It was their twelfth award from these prestigious global awards ceremonies since 2009.

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  • Industry: Insurance
  • Employees: 15
  • Founded: 1919 in Jakarta, Indonesia
  • Headquarters In indonesia: Jalan Trunojoyo No. 12-14, Kebayoran Baru, South Jakarta;
  • Founded: 1975
  • Revenue Per Year (USD): 3.38 billion USD (2018)
  • Website: https://www.mercuryinsurance.com/

7. AXA Mandiri Insurance Company in Indonesia

AXA Mandiri Insurance Company in Indonesia, indonesia insurance market 2022
AXA Mandiri Insurance Company in Indonesia

AXA Mandiri is the first insurance company in Indonesia. They have been operating for more than 30 years and provide life insurance, property insurance, motorbike insurance, travel insurance, and health insurance for your family, with a range of benefits offered to meet all needs.

They are best known as the Insurance Champion at the 2017 Asia CEO Awards event hosted by Ernst & Young (EY).

Their slogan “Just One” has become synonymous with their commitment to helping customers find peace of mind through one-stop shopping solutions that suit every need, from car products to life cover.

They now employ over 12 000 people across Indonesia and offer coverage in 31 countries around the world, including France, Italy, Spain, Portugal, and the Netherlands.

  • Industry: Insurance company
  • Founded:1991
  • Revenue Per Year: 61.25 trillion IDR (2019)
  • Location: Jakarta, Indonesia 
  • Website: http://www.axa-mandiri.co.id/

8.Bintang Insurance 

Bintang Insurance,, insurance company in indonesia
Bintang Insurance

Bintang Insurance is an insurance company in Indonesia that offers health, non-life, and life insurance products. Its headquarters are located on Jl Gunung Sahari no.35, Menteng – Jakarta Pusat 10160.

Bintang was established by the Minister of Trade, Haji Mohammad Saed bin Abdurahman when there were few Indonesian insurance companies to provide people with policies for their needs.

In 1962 it became registered as PT Asuransi Jiwa Bintang (limited liability), specializing in general insurance such as fire insurance, public liability, accident, and industrial injury benefit coverage.

  • Industry: insurance
  • Location: Jl Gunung Sahari, no.35 Menteng – Jakarta Pusat 10160
  • Products offered: Health insurance, Non-life insurance, and Life insurance
  • Founded: March 17, 1955
  • Website: https://www.asuransibintang.com/en
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9.Prudential Insurance Company In Indonesia

Prudential Insurance Company In Indonesia, top insurance companies in indonesia
Prudential Insurance Company In Indonesia

Prudential insurance company in Indonesia is the best and most popular insurance provider. They are a multiline, multinational insurer with headquarters in Newark, New Jersey.

Prudential offers life insurance and retirement savings in addition to disability income insurance, long-term care coverage, and business risk management services.

The company’s history began on September 30, 1875, founded as The Widows & Orphans Friendly Society by John Dryden Harg.

  • Industry: Insurance company
  • Founded: 1875
  • Revenue Per Year (USD): 57.03 billion USD (2020)
  • Location: Pasar Minggu,Jakarta Selatan 12520,Indonesia
  • Website: https://www.prudential.com/links/about/worldwide-locations/indonesia

10.Generali Insurance

Generali Insurance, insurance company in indonesia
Generali Insurance

Generali is an insurance company operating in over 160 countries. Generali founded it along with another Italian insurance firm, Assicurazioni Generale Italiane (AGI), on December 31, 1831. The current CEO of the company is Frederico Ghizzoni. The company has offices in 26 different locations across the world, including Asia Pacific regions such as Indonesia.

The company provides insurance products for customers of all kinds, covering areas such as home or car insurance to trade credit and casualty protection.

It offers two main types of policy:

  1. one that provides coverage for accidents caused by animals;
  2. another type gives protection against a range of risks, including natural disasters and terrorism.
  • Industry: insurance
  • Founded: December 26, 1831
  • Revenue Per Year: 94.6 billion EUR
  • Location: Jakarta, Indonesia
  • Website: https://www.generali.co.id/

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FAQ

1.How many insurance companies are there in Indonesia?

Answer: There are more than 75 insurance companies in Indonesia in 2022.

2.What are the three main types of insurance?

Answer: The three main types of insurance are life, disability, and health.
– life insurance
– Disability insurance (also called “disability income insurance”) 
– health insurance

3.Which insurance company has the highest customer satisfaction?

Answer: The insurance company with the highest customer satisfaction is PT Asuransi Jiwasraya in Indonesia.

Conclusion:

Now you already know about the top ten insurance companies in Indonesia. So, which insurance company is the best?

What are your thoughts about these top ten insurance companies in Indonesia? Please share it with us! And don’t forget to share this post on social media. Thank you for reading! Stay tuned and follow our blog posts every day. Have a nice day ahead! 🙂

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