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 2019-24, and forecast to 2029). 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 in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). 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 typically 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 Indonesian non-life insurance market recorded gross written premiums of $6.7 billion in 2024, representing a compound annual growth rate (CAGR) of 7.3% between 2019 and 2024.
- The property segment accounted for the market's largest proportion in 2024, with total gross written premiums of $2.1 billion, equivalent to 31.7% of the market's overall value.
- In 2024, Indonesia accounted for 1.3% of the Asia-Pacific non-life insurance market.
- 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 2024?
- What will be the size of the Indonesia non-life insurance market in 2029?
- 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 most recent developments in the market?
8 COMPANY PROFILES
8.1. PT Asuransi Central Asia
8.2. PT Zurich Asuransi Indonesia Tbk
8.3. PT Asuransi Ramayana Tbk
8.4. PT Asuransi Multi Artha Guna 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 most recent developments in the market?
8 COMPANY PROFILES
8.1. PT Asuransi Central Asia
8.2. PT Zurich Asuransi Indonesia Tbk
8.3. PT Asuransi Ramayana Tbk
8.4. PT Asuransi Multi Artha Guna 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, 2019-24
Table 2: Indonesia non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Indonesia non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Indonesia non-life insurance market geography segmentation: $ billion, 2024
Table 5: Indonesia non-life insurance market value forecast: $ billion, 2024-29
Table 6: PT Asuransi Central Asia: Key Facts
Table 7: PT Asuransi Central Asia: Key Employees
Table 8: PT Zurich Asuransi Indonesia Tbk: Key Facts
Table 9: PT Zurich Asuransi Indonesia Tbk: Key Employees
Table 10: PT Asuransi Ramayana Tbk: Key Facts
Table 11: PT Asuransi Ramayana Tbk: Annual Financial Ratios
Table 12: PT Asuransi Ramayana Tbk: Key Employees
Table 13: PT Asuransi Multi Artha Guna Tbk: Key Facts
Table 14: PT Asuransi Multi Artha Guna Tbk: Annual Financial Ratios
Table 15: PT Asuransi Multi Artha Guna Tbk: Key Employees
Table 16: PT Asuransi Multi Artha Guna Tbk: Key Employees Continued
Table 17: Indonesia Size of Population (Million), 2020-24
Table 18: Indonesia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Indonesia GDP (Current Prices, $ Billion), 2020-24
Table 20: Indonesia Inflation, 2020-24
Table 21: Indonesia Consumer Price Index (Absolute), 2020-24
Table 22: Indonesia Exchange Rate, 2019-24
Table 1: Indonesia non-life insurance market value: $ billion, 2019-24
Table 2: Indonesia non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Indonesia non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Indonesia non-life insurance market geography segmentation: $ billion, 2024
Table 5: Indonesia non-life insurance market value forecast: $ billion, 2024-29
Table 6: PT Asuransi Central Asia: Key Facts
Table 7: PT Asuransi Central Asia: Key Employees
Table 8: PT Zurich Asuransi Indonesia Tbk: Key Facts
Table 9: PT Zurich Asuransi Indonesia Tbk: Key Employees
Table 10: PT Asuransi Ramayana Tbk: Key Facts
Table 11: PT Asuransi Ramayana Tbk: Annual Financial Ratios
Table 12: PT Asuransi Ramayana Tbk: Key Employees
Table 13: PT Asuransi Multi Artha Guna Tbk: Key Facts
Table 14: PT Asuransi Multi Artha Guna Tbk: Annual Financial Ratios
Table 15: PT Asuransi Multi Artha Guna Tbk: Key Employees
Table 16: PT Asuransi Multi Artha Guna Tbk: Key Employees Continued
Table 17: Indonesia Size of Population (Million), 2020-24
Table 18: Indonesia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Indonesia GDP (Current Prices, $ Billion), 2020-24
Table 20: Indonesia Inflation, 2020-24
Table 21: Indonesia Consumer Price Index (Absolute), 2020-24
Table 22: Indonesia Exchange Rate, 2019-24
LIST OF FIGURES
Figure 1: Indonesia non-life insurance market value: $ billion, 2019-24
Figure 2: Indonesia non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Indonesia non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Indonesia non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Indonesia, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Indonesia, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Indonesia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2024
Figure 1: Indonesia non-life insurance market value: $ billion, 2019-24
Figure 2: Indonesia non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Indonesia non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Indonesia non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Indonesia, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Indonesia, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Indonesia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2024
