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Look Towards A New Future

Oct 1, 2012

Non-Life Insurance in Indonesia, Key Trends and Opportunities to 2016

Synopsis

The report provides in depth market analysis, information and insights into the Indonesian non-life insurance market, including:
  • The Indonesian non-life insurance market’s growth prospects by non-life insurance categories
  • The various distribution channels in the Indonesian non-life insurance market
  • The competitive landscape in the non-life insurance market in Indonesia
  • A description of the non-life reinsurance market in Indonesia
Executive summary

The Indonesian non-life insurance segment grew robustly during the review period. The increase was a result of the favorable regulatory framework for non-life insurance products, such as motor insurance, workers' compensation and passenger accident insurance. This was further supported by the rise in passenger car sales and strong economic development in the country as GDP grew during the review period. These factors are also expected to support the segment over the forecast period.

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Report Details:

Published: September 2012
No. of Pages: 251
Price:Single User License:US$1950 Corporate user License:US$3900



Scope

This report provides a comprehensive analysis of the non-life insurance market in Indonesia:
  • It provides historical values for Indonesia’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in Indonesia’s non-life insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for non-life insurance products in Indonesia
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Indonesia for the non-life insurance business
  • It provides a detailed analysis of the reinsurance market in Indonesia and its growth prospects
  • It profiles the top non-life insurance companies in Indonesia and outlines the key regulations affecting them
Key highlights
  • The growth in the Indonesian non-life insurance segment was a result of the favorable regulatory framework for non-life insurance products, such as motor insurance, workers' compensation and passenger accident insurance.
  • The number of passenger car sales increased from 426,300 in 2007 to 602,000 in 2011 after a decline in 2009 due to the financial downturn. This increase supported the motor insurance category and encouraged more business during the review period.
  • The Indonesian non-life insurance segment currently has one of the world’s lowest penetration rates.
  • Until the economic crisis in 2009, Indonesia registered sustained economic growth with rising consumer incomes during the review period. The country also recorded an increase in the size and purchasing power of its middle class.
Reasons to buy
  • Make strategic business decisions using historic and forecast market data related to the Indonesian non-life insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Indonesian non-life insurance market
  • Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Indonesian insurance market and its impact on companies and the market's future