Financial inclusion on insurance Indonesia 2019-2022

Published by Lucas Romero, Nov 24, 2023
In 2022, Indonesia's financial inclusion rate for insurance was at 16.63 percent, showing a slight increase compared to 2019. In the same year, the literacy rate for insurance was about 31.72 percent. This represents a significant gap between literacy and inclusion level for insurance in the country.

Financial inclusion rate for insurance in Indonesia in 2019 and 2022

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Release date

November 2022

Region

Indonesia

Survey time period

2019 and 2022

Number of respondents

14,634 respondents

Method of interview

Computer-assisted personal interviews (CAPI)

Supplementary notes

Financial inclusion is defined as the availability of access for the population to utilize financial products and/or services in formal financial institutions based on their needs and ability for their welfare.

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