Non-Life Insurance in Indonesia
Non-Life Insurance in Indonesia
Summary
Non-Life Insurance in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- The Indonesian non-life insurance market recorded written premiums of $6.3 billion in 2023, representing a compound annual growth rate (CAGR) of 9.2% between 2018 and 2023.
- The property segment accounted for the market's largest proportion in 2023, with total written premiums of $2.3 billion, equivalent to 35.6% of the market's overall value.
- In Indonesia, natural catastrophes, such as floods and wildfires, continue to occur with significant impact, driving the demand for non-life insurance as they cause substantial damages and affect numerous individuals, highlighting the critical role of insurance in providing financial protection and supporting recovery efforts. According to the EM-DAT (Emergency Events Database) by the Centre for Research on the Epidemiology of Disasters (CRED), natural catastrophes in Indonesia affected 18.8 million people in 2023.
- 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
- What was the size of the Indonesia non-life insurance market by value in 2023?
- What will be the size of the Indonesia non-life insurance market in 2028?
- What factors are affecting the strength of competition in the Indonesia non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Indonesia's non-life insurance market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the challenges in the market?
8 COMPANY PROFILES
8.1. PT Asuransi Central Asia
8.2. PT Zurich Asuransi Indonesia Tbk
8.3. PT Asuransi Multi Artha Guna Tbk
8.4. PT Asuransi Ramayana Tbk
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 rivalry
1.6. 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. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the challenges in the market?
8 COMPANY PROFILES
8.1. PT Asuransi Central Asia
8.2. PT Zurich Asuransi Indonesia Tbk
8.3. PT Asuransi Multi Artha Guna Tbk
8.4. PT Asuransi Ramayana Tbk
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, 2018-23
Table 2: Indonesia non-life insurance market category segmentation: % share, by value, 2018-23
Table 3: Indonesia non-life insurance market category segmentation: $ billion, 2018-23
Table 4: Indonesia non-life insurance market geography segmentation: $ billion, 2023
Table 5: Indonesia non-life insurance market value forecast: $ billion, 2023-28
Table 6: PT Asuransi Central Asia: Key Facts
Table 7: PT Asuransi Central Asia: Key Employees
Table 8: PT Asuransi Central Asia: Key Employees Continued
Table 9: PT Zurich Asuransi Indonesia Tbk: Key Facts
Table 10: PT Zurich Asuransi Indonesia Tbk: Key Employees
Table 11: PT Asuransi Multi Artha Guna Tbk: Key Facts
Table 12: PT Asuransi Multi Artha Guna Tbk: Annual Financial Ratios
Table 13: PT Asuransi Multi Artha Guna Tbk: Key Employees
Table 14: PT Asuransi Multi Artha Guna Tbk: Key Employees Continued
Table 15: PT Asuransi Ramayana Tbk: Key Facts
Table 16: PT Asuransi Ramayana Tbk: Annual Financial Ratios
Table 17: PT Asuransi Ramayana Tbk: Key Employees
Table 18: Indonesia Size of Population (million), 2019-23
Table 19: Indonesia Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 20: Indonesia GDP (Current Prices, $ Billion), 2019-23
Table 21: Indonesia Inflation, 2019-23
Table 22: Indonesia Consumer Price Index (Absolute), 2019-23
Table 23: Indonesia Exchange Rate, 2018-23
Table 1: Indonesia non-life insurance market value: $ billion, 2018-23
Table 2: Indonesia non-life insurance market category segmentation: % share, by value, 2018-23
Table 3: Indonesia non-life insurance market category segmentation: $ billion, 2018-23
Table 4: Indonesia non-life insurance market geography segmentation: $ billion, 2023
Table 5: Indonesia non-life insurance market value forecast: $ billion, 2023-28
Table 6: PT Asuransi Central Asia: Key Facts
Table 7: PT Asuransi Central Asia: Key Employees
Table 8: PT Asuransi Central Asia: Key Employees Continued
Table 9: PT Zurich Asuransi Indonesia Tbk: Key Facts
Table 10: PT Zurich Asuransi Indonesia Tbk: Key Employees
Table 11: PT Asuransi Multi Artha Guna Tbk: Key Facts
Table 12: PT Asuransi Multi Artha Guna Tbk: Annual Financial Ratios
Table 13: PT Asuransi Multi Artha Guna Tbk: Key Employees
Table 14: PT Asuransi Multi Artha Guna Tbk: Key Employees Continued
Table 15: PT Asuransi Ramayana Tbk: Key Facts
Table 16: PT Asuransi Ramayana Tbk: Annual Financial Ratios
Table 17: PT Asuransi Ramayana Tbk: Key Employees
Table 18: Indonesia Size of Population (million), 2019-23
Table 19: Indonesia Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 20: Indonesia GDP (Current Prices, $ Billion), 2019-23
Table 21: Indonesia Inflation, 2019-23
Table 22: Indonesia Consumer Price Index (Absolute), 2019-23
Table 23: Indonesia Exchange Rate, 2018-23
LIST OF FIGURES
Figure 1: Indonesia non-life insurance market value: $ billion, 2018-23
Figure 2: Indonesia non-life insurance market category segmentation: $ billion, 2018-23
Figure 3: Indonesia non-life insurance market geography segmentation: % share, by value, 2023
Figure 4: Indonesia non-life insurance market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the non-life insurance market in Indonesia, 2023
Figure 6: Drivers of buyer power in the non-life insurance market in Indonesia, 2023
Figure 7: Drivers of supplier power in the non-life insurance market in Indonesia, 2023
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2023
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2023
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2023
Figure 1: Indonesia non-life insurance market value: $ billion, 2018-23
Figure 2: Indonesia non-life insurance market category segmentation: $ billion, 2018-23
Figure 3: Indonesia non-life insurance market geography segmentation: % share, by value, 2023
Figure 4: Indonesia non-life insurance market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the non-life insurance market in Indonesia, 2023
Figure 6: Drivers of buyer power in the non-life insurance market in Indonesia, 2023
Figure 7: Drivers of supplier power in the non-life insurance market in Indonesia, 2023
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2023
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2023
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2023
