Non-Life Insurance in Indonesia - Market Summary, Competitive Analysis and Forecast to 2025
Non-Life Insurance in Indonesia - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Non-Life Insurance in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Non-Life Insurance in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Indonesian non-life insurance market had total gross written premiums of $5.7bn in 2020, representing a compound annual growth rate (CAGR) of 9.6% between 2016 and 2020.
- The property segment was the market's most lucrative in 2020, with total gross written premiums of $2.1bn, equivalent to 37.7% of the market's overall value.
- Digital innovation in the form of ‘InsurTech’ has been gaining popularity in Indonesia and is expected to be a key driver for market growth going forwards.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Indonesia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Indonesia
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Indonesia non-life insurance market with five year forecasts
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- What will be the size of the Indonesia automotive aftermarket market in 2025?
- What factors are affecting the strength of competition in the Indonesia automotive aftermarket market?
- How has the market performed over the last five years?
- How large is Indonesia’s automotive aftermarket market in relation to its regional counterparts?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths of leading players?
7.4. How are leading players incorporating new technology into their product offering?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. PT Asuransi Astra Buana
8.2. PT. Tugu Pratama Indonesia
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths of leading players?
7.4. How are leading players incorporating new technology into their product offering?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. PT Asuransi Astra Buana
8.2. PT. Tugu Pratama Indonesia
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Indonesia non-life insurance market value: $ billion, 2016–20
Table 2: Indonesia non–life insurance market category segmentation: $ billion, 2020
Table 3: Indonesia non–life insurance market geography segmentation: $ billion, 2020
Table 4: Indonesia non-life insurance market value forecast: $ billion, 2020–25
Table 5: Indonesia non-life insurance market share: % share, by value, 2020
Table 6: PT Asuransi Astra Buana: key facts
Table 7: PT Asuransi Astra Buana: Key Employees
Table 8: PT. Tugu Pratama Indonesia: key facts
Table 9: PT. Tugu Pratama Indonesia: Key Employees
Table 10: Indonesia size of population (million), 2016–20
Table 11: Indonesia gdp (constant 2005 prices, $ billion), 2016–20
Table 12: Indonesia gdp (current prices, $ billion), 2016–20
Table 13: Indonesia inflation, 2016–20
Table 14: Indonesia consumer price index (absolute), 2016–20
Table 15: Indonesia exchange rate, 2016–20
Table 1: Indonesia non-life insurance market value: $ billion, 2016–20
Table 2: Indonesia non–life insurance market category segmentation: $ billion, 2020
Table 3: Indonesia non–life insurance market geography segmentation: $ billion, 2020
Table 4: Indonesia non-life insurance market value forecast: $ billion, 2020–25
Table 5: Indonesia non-life insurance market share: % share, by value, 2020
Table 6: PT Asuransi Astra Buana: key facts
Table 7: PT Asuransi Astra Buana: Key Employees
Table 8: PT. Tugu Pratama Indonesia: key facts
Table 9: PT. Tugu Pratama Indonesia: Key Employees
Table 10: Indonesia size of population (million), 2016–20
Table 11: Indonesia gdp (constant 2005 prices, $ billion), 2016–20
Table 12: Indonesia gdp (current prices, $ billion), 2016–20
Table 13: Indonesia inflation, 2016–20
Table 14: Indonesia consumer price index (absolute), 2016–20
Table 15: Indonesia exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Indonesia non-life insurance market value: $ billion, 2016–20
Figure 2: Indonesia non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Indonesia non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Indonesia non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in Indonesia, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Indonesia, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Indonesia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2020
Figure 11: Indonesia non-life insurance market share: % share, by value, 2020
Figure 1: Indonesia non-life insurance market value: $ billion, 2016–20
Figure 2: Indonesia non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Indonesia non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Indonesia non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in Indonesia, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Indonesia, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Indonesia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2020
Figure 11: Indonesia non-life insurance market share: % share, by value, 2020
