AAUI: Public Insurance Investment Results Increase 21 Percent To IDR 2.5 Trillion In Semester I

Illustration of the Rupiah (Photo: Doc. Antara)

JAKARTA - The Indonesian General Insurance Association (AUI) noted that the investment results of the general insurance industry reached IDR 2.5 trillion in the first semester of 2023, an increase of 21 percent year on year (yoy) compared to IDR 2.1 trillion in the same period the previous year.

Deputy Chairperson of AAUI for Statistics & Research Trinita Situmeang said that the total investment in the public insurance industry reached IDR 97.04 trillion in the first semester of 2023.

"This achievement increased by 7.8 percent (yoy) compared to Rp90 trillion in the same period the previous year," Trinita quoted Antara as saying.

He explained that the investment in the general insurance industry in Government Securities (SBN) instruments has the highest portion of 32.3 percent or a total of IDR 31.31 trillion.

Then, the deposit instrument (equivariant or certificate) with a portion of 24.3 percent or Rp. 23.55 trillion, followed by a mutual fund instrument with a portion of 16.5 percent or Rp. 16.04 trillion.

Then, in other investment instruments with a portion of 11.3 percent or IDR 10.93 trillion, followed by corporate bond instruments with a portion of 10.4 percent or IDR 10.14 trillion.

At least on stock instruments with a portion of 5.2 percent or IDR 5.07 trillion.

AAUI recorded that the premium income of the general insurance industry was IDR 48.90 trillion in the first semester of 2023, or an increase of 6.2 percent year on year (yoy) compared to the previous IDR 46.03 trillion in the same period the previous year.

Meanwhile, the total claim paid by the general insurance industry was recorded at IDR 20.12 trillion during the first semester of 2023, or an increase of 13.2 percent year on year (yoy) compared to the previous IDR 17.78 trillion in the same period the previous year.