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As of early 2013, it remains clear that Indonesia is home to one of the most dynamic and exciting insurance sectors worldwide. A favourable economic environment has combined with growth in the numbers of households who can afford insurance and who understand its benefits - in a country notorious for its vulnerability to natural catastrophes. This is at a time that companies in both major segments are being innovative in terms of their products and the ways in which those products are being distributed. As is the case in other parts of the region, leading players are leveraging bancassurance relationships and affinity marketing - but are working hard to improve the productivity of networks of agents (be they tied or independent).
There are not many life insurance markets in the world where the leading life company achieved growth in gross written premiums of over 40% in H112. The growth in the life segment is clearly being boosted by the trust that Indonesian households and businesses are demonstrating in the local subsidiaries of major global/ regional groups. Nonetheless, it appears that the larger local life companies are also progressing well by many metrics.
As of early 2013, it remains clear that Indonesia is home to one of the most dynamic and exciting insurance sectors worldwide. A favourable economic environment has combined with growth in the numbers of households who can afford insurance and who understand its benefits - in a country notorious for its vulnerability to natural catastrophes. This is at a time that companies in both major segments are being innovative in terms of their products and the ways in which those products are being distributed. As is the case in other parts of the region, leading players are leveraging bancassurance relationships and affinity marketing - but are working hard to improve the productivity of networks of agents (be they tied or independent).
There are not many life insurance markets in the world where the leading life company achieved growth in gross written premiums of over 40% in H112. The growth in the life segment is clearly being boosted by the trust that Indonesian households and businesses are demonstrating in the local subsidiaries of major global/ regional groups. Nonetheless, it appears that the larger local life companies are also progressing well by many metrics.
BMI Industry View
Table: Total Premiums, 2010-2017
SWOT
Insurance
Business Environment
Economic
Political
Industry Forecast
Life
Table: Total Life Premiums, 2010-2017
Non Life
Table: Total Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
Table: Indonesia's Insurance Risk/Reward Ratings
Table: Asia Pacific Insurance Risk/Reward Ratings
Market Overview
Life Sector Update
Non Life Sector Update
Industry Trends And Developments
Life Growth Drivers and Risk Management Projections
Population
Table: Insurance Key Drivers, Demographics, 2010-2017
Non Life Growth Drivers and Risk Management Projections
Macroeconomic Outlook
Table: Indonesia - Economic Activity
Political Stability Outlook
Table: Asia Pacific Regional Security Ratings
Healthcare Insurance
Epidemiology
Table: Insurance Key Drivers, Disease Adjusted Life Years, 2010-2017
Motor
Table: Insurance Key Drivers, Autos, 2010-2017
Competitive Landscape
Company Profile
ACE Group
AIA Group
AIG
Allianz
AXA
Great Eastern
Manulife Financial
Prudential plc
QBE Insurance Group
Sun Life Financial
Syarikat Takaful Malaysia Bhd
Zurich Insurance Group
Regional Overview
Asia Life Sector Overview
Table: Asia Pacific Life Premiums, 2010-2017 (US$mn)
Asia Non Life Sector Overview
Table: Asia Pacific's Non-Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
Table: Indonesia's Population By Age Group, 1990-2020 ('000)
Table: Indonesia's Population By Age Group, 1990-2020 (% of total)
Table: Indonesia's Key Population Ratios, 1990-2020
Table: Indonesia's Rural And Urban Population, 1990-2020
Methodology
Insurance Risk/Reward Ratings
Table: Insurance Risk/Reward Ratings Indicators And Rationale
Weighting
Table: Weighting Of Indicators
Table: Total Premiums, 2010-2017
SWOT
Insurance
Business Environment
Economic
Political
Industry Forecast
Life
Table: Total Life Premiums, 2010-2017
Non Life
Table: Total Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
Table: Indonesia's Insurance Risk/Reward Ratings
Table: Asia Pacific Insurance Risk/Reward Ratings
Market Overview
Life Sector Update
Non Life Sector Update
Industry Trends And Developments
Life Growth Drivers and Risk Management Projections
Population
Table: Insurance Key Drivers, Demographics, 2010-2017
Non Life Growth Drivers and Risk Management Projections
Macroeconomic Outlook
Table: Indonesia - Economic Activity
Political Stability Outlook
Table: Asia Pacific Regional Security Ratings
Healthcare Insurance
Epidemiology
Table: Insurance Key Drivers, Disease Adjusted Life Years, 2010-2017
Motor
Table: Insurance Key Drivers, Autos, 2010-2017
Competitive Landscape
Company Profile
ACE Group
AIA Group
AIG
Allianz
AXA
Great Eastern
Manulife Financial
Prudential plc
QBE Insurance Group
Sun Life Financial
Syarikat Takaful Malaysia Bhd
Zurich Insurance Group
Regional Overview
Asia Life Sector Overview
Table: Asia Pacific Life Premiums, 2010-2017 (US$mn)
Asia Non Life Sector Overview
Table: Asia Pacific's Non-Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
Table: Indonesia's Population By Age Group, 1990-2020 ('000)
Table: Indonesia's Population By Age Group, 1990-2020 (% of total)
Table: Indonesia's Key Population Ratios, 1990-2020
Table: Indonesia's Rural And Urban Population, 1990-2020
Methodology
Insurance Risk/Reward Ratings
Table: Insurance Risk/Reward Ratings Indicators And Rationale
Weighting
Table: Weighting Of Indicators
