Kuala lumpur: AM Best has maintained its outlook on Indonesia’s non-life insurance segment at stable, citing resilient growth prospects, ongoing regulatory refinements and robust investment returns.

According to BERNAMA News Agency, the Best’s Market Segment Report titled ‘Market Segment Outlook: Indonesia Non-Life Insurance’ indicates that AM Best anticipates continued expansion in Indonesia’s non-life market. This growth is expected to be supported by ongoing infrastructure development, solid household consumption, and sustained government spending, which should drive higher demand for commercial insurance. Additionally, rising health care awareness is projected to further boost the growth of the health insurance segment.