Adira Insurance

Zurich Insurance Group holds an 80% majority stake, acquired in 2019 for approximately $414 million. PT Bank Danamon Indonesia Tbk retains the remaining 20% and serves as the primary bancassurance distribution partner. Bank Danamon is itself majority-owned by Mitsubishi UFJ Financial Group.

Adira operates through three main channels: direct sales via more than 50 commercial offices, bancassurance through Bank Danamon's branch network, and embedded motor insurance attached to auto loans originated by sister company Adira Finance. This captive auto-loan channel provides a borrower-side funnel that few Indonesian general insurers can replicate.

Yes. Adira maintains membership in the Indonesian Sharia Insurance Association (AASI) and underwrites takaful products alongside its conventional general insurance lines. Sharia insurance is a growing segment in Indonesia, where Muslim-majority demographics and regulatory support are expanding the market.

Adira Finance is a multifinance company that originates auto loans and other consumer financing. It operates under the same Danamon/MUFG umbrella. Adira Insurance provides the motor insurance coverage attached to Adira Finance's loan originations, creating a structurally integrated distribution loop between lending and underwriting.

Zurich took operational control with the 2019 acquisition, bringing global actuarial, risk, and reinsurance capabilities to Adira's local license. The arrangement allows Zurich to underwrite Indonesian risk through a locally domiciled carrier while Adira gains technical resources and capacity from a global balance sheet.

Adira participates in corporate social responsibility through the Increso Foundation, historically linked to the Adira group, and Zurich's global Z Zurich Foundation. Specific grant-making or program details are not publicly itemized at the Adira entity level.

No. Adira does not publish standalone AUM or investment portfolio composition figures. As a wholly consolidated subsidiary of Zurich Insurance Group since 2019, its investment assets are managed within Zurich's broader Asia-Pacific portfolio and are not broken out separately in public filings.