Oona Insurance, a rapidly growing digital general insurer in Southeast Asia, is set to expand its regional presence following a remarkable 130% growth in net income during the first half of 2026. The company is actively pursuing acquisitions across Southeast Asia, with immediate focus on Indonesia and the Philippines, and future plans for Thailand and Vietnam.
In Indonesia, where the general insurance market contracted by 2% in H1 2026, Oona achieved a 40% increase in Gross Written Premium (GWP), securing its place among the top 10 motor insurers. In the Philippines, Oona’s GWP surged by 80%, propelling it into the top 10 non-life insurers by net written premiums. The company’s profitability also saw significant improvement, with a 55% net income growth in Indonesia and a 200% increase in the Philippines.
Oona’s success is attributed to its multichannel distribution model and its ability to integrate insurance products into existing digital platforms such as e-wallets and ride-hailing apps. This approach allows for seamless customer experiences and rapid scaling across various channels. “Our technology and product architecture were built around how people in Southeast Asia already buy financial services,” said Abhishek Bhatia, Founder and Group CEO of Oona Insurance.
With insurance penetration in Indonesia and the Philippines below 2% of GDP, Oona sees substantial potential for long-term growth. The company, backed by Warburg Pincus, aims to continue leveraging its advanced technology and strong brand to expand access to affordable, convenient insurance solutions across the region.
