The launch is expected to support Sompo's efforts to expand access to syariah-based protection as Indonesia's insurance sector moves towards higher minimum capital requirements.
Under the proposed rules, insurers and takaful operators would have to check customer understanding before underwriting and stop sales that cannot meet a customer's needs.
The Pakistani non-life insurer generated positive underwriting and investment results, producing a 16.3% weighted average return on equity between 2021 and 2025.
