Sompo Insurance Indonesia (Sompo Indonesia), a subsidiary of Sompo International Holdings Ltd, has officially announced the launch and commencement of operations for PT Sompo Insurance Sharia (Sompo Syariah), a newly established standalone general syariah insurance company.
The move marks a key milestone in the company’s expansion strategy, transitioning its Shariah operations—which have run as a dedicated unit since 2017—into a fully independent corporate entity compliant with Indonesia’s Financial Services Authority (OJK) regulations.
Strategic Focus & Regulatory Alignment
The establishment of Sompo Syariah allows the insurer to deliver dedicated, transparent, and fully Shariah-compliant asset protection solutions tailored for both retail and commercial clients across Indonesia.
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Enhanced Governance: Operating as a separate, specialized company strengthens corporate governance, operational clarity, and product development aligned strictly with Islamic financial principles.
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Capitalizing on Market Growth: The launch comes at a time of rapid expansion in the sector. According to data from the Indonesian Sharia Insurance Association, general syariah insurance assets in Indonesia expanded by 13.77% in Q1 2026, reaching IDR 10.8 trillion.
Leadership Commentary
Eric Nemitz, President Director and CEO of Sompo Indonesia:
“The establishment of Sompo Syariah allows us to serve the community with greater clarity and focus. By creating a dedicated syariah entity, we strengthen our ability to deliver protection that is compliant, responsive, and aligned with the needs of our customers… We believe this foundation will enable us to contribute meaningfully to the continued development of Indonesia’s syariah financial ecosystem.”
Ratna Indrayani, CEO of Sompo Syariah:
“Sompo Syariah reflects our commitment to offering protection that is fair, transparent, and grounded in syariah principles. Operating as an entity allows us to concentrate more fully on delivering services that support people in their daily lives… Through education, outreach, and responsible innovation, Sompo Syariah will continue to develop offerings that help more Indonesians engage with syariah finance.”
Broader Impact
With this launch, Sompo Syariah aims to enhance national financial inclusion by driving awareness, improving access to Shariah-compliant risk management solutions, and supporting Indonesia’s broader ambition to become a leading global hub for Islamic finance.
