The insurer climbed nine places to 23rd in the non-life rankings.
Oona Insurance grew gross written premium (GWP) by 40% in Indonesia in the first half of the year (H1 2026), despite the country’s general insurance market contracting by about 2%.
The digital general insurer is also pursuing acquisitions across Southeast Asia as it looks to accelerate regional expansion following strong growth in the first half of 2026.
Oona remained amongst Indonesia’s top 10 motor insurers by GWP and moved up nine places to 23rd in the overall non-life insurance rankings.
In the Philippines, Oona‘s GWP increased 80% in the first half. The company said broad-based growth across its distribution channels helped it enter the country’s top 10 non-life insurers by net written premiums.
Profit growth also outpaced premium growth. Oona Indonesia’s net income rose 55% year-on-year in the first half, whilst Oona Philippines recorded a 200% increase.
The group reported a combined ratio of 96% across the two markets, below the 100% level that indicates underwriting profitability.
Abhishek Bhatia, founder and group CEO of Oona Insurance, said the company had gained market share in both countries less than four years after entering the markets.
Oona is now evaluating acquisition opportunities across Southeast Asia. Indonesia and the Philippines are its immediate priorities, whilst Thailand and Vietnam are being considered for the next phase of its expansion.