This edition of Milliman’s Indonesia Life Insurance Newsletter covers market performance for the first quarter of 2023 and industry developments for the second quarter. Market performance data includes metrics such as net premium income, net profit before tax and other comprehensive income (OCI), total claims and benefits, net profit, and total assets and technical reserves. We also discuss the following developments: 

• New traditional market, unit-linked, Syariah, and microinsurance products
• New digital features
• Troubled insurers Jiwasraya/IFG Life, Bumiputera, Wanaartha Life, and Kresna Life
• Mergers and acquisitions
• Information on a Syariah spin-off
• Other industry news, regulatory developments, and distribution updates