The Performance of Sharia Insurance in Indonesia Still Flourishing

INSURANCE - JAKARTA. Several Islamic insurance players have managed to increase their premium income, also known as contributions, by double digits until the first half of 2024. This achievement in the first half of the year has boosted the industry's optimism to meet its targets for the whole of 2024. 

For instance, PT Asuransi Jasindo Syariah recorded a contribution of IDR 154.46 billion until June 2024. The CEO of Jasindo Syariah, At Yaltha, stated that this figure jumped 49.18% compared to the same period in 2023. He attributed this growth in contributions to positive performance in the motor vehicle insurance, property, and miscellaneous business lines.