Indonesian motor insurance market outlook 2022

According to industry experts, motor insurance is expected to grow in 2022. It remains the leading activity of the Indonesian insurance market.

The economic recovery, the increase in car production and the reduction of the tax on luxury cars are among the main factors contributing to the improvement of the sector's performance.

Data released by the General Insurance Association of Indonesia (AAUI) shows that motor premiums grew by 1.5% in the first nine months of 2021. As more vehicles are brought to market, this positive trend is expected to remain in 2022.