Life Insurance in Indonesia - Market Summary, Competitive Analysis and Forecast to 2025
Life Insurance in Indonesia - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
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
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 value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Indonesian life insurance market had total gross written premiums of $14.8bn in 2020, representing a compound annual growth rate (CAGR) of 2.6% between 2016 and 2020.
- The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $11.8bn, equivalent to 79.6% 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 life insurance market in Indonesia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Indonesia
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Indonesia life insurance market with five year forecasts
- What was the size of the Indonesia life insurance market by value in 2020?
- What will be the size of the Indonesia life insurance market in 2025?
- What factors are affecting the strength of competition in the Indonesia life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Indonesia's 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 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 strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted leading players?
8 COMPANY PROFILES
8.1. PT Prudential Life Assurance
8.2. PT Asuransi Simas Jiwa
8.3. Allianz SE
8.4. AIA Group Ltd
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 strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted leading players?
8 COMPANY PROFILES
8.1. PT Prudential Life Assurance
8.2. PT Asuransi Simas Jiwa
8.3. Allianz SE
8.4. AIA Group Ltd
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 life insurance market value: $ billion, 2016-20
Table 2: Indonesia life insurance market category segmentation: $ billion, 2020
Table 3: Indonesia life insurance market geography segmentation: $ billion, 2020
Table 4: Indonesia life insurance market value forecast: $ billion, 2020-25
Table 5: Indonesia life insurance market share: % share, by value, 2020
Table 6: PT Prudential Life Assurance: key facts
Table 7: PT Prudential Life Assurance: Key Employees
Table 8: PT Asuransi Simas Jiwa: key facts
Table 9: PT Asuransi Simas Jiwa: Key Employees
Table 10: Allianz SE: key facts
Table 11: Allianz SE: Annual Financial Ratios
Table 12: Allianz SE: Key Employees
Table 13: Allianz SE: Key Employees Continued
Table 14: AIA Group Ltd: key facts
Table 15: AIA Group Ltd: Annual Financial Ratios
Table 16: AIA Group Ltd: Key Employees
Table 17: AIA Group Ltd: Key Employees Continued
Table 18: Indonesia size of population (million), 2016-20
Table 19: Indonesia gdp (constant 2005 prices, $ billion), 2016-20
Table 20: Indonesia gdp (current prices, $ billion), 2016-20
Table 21: Indonesia inflation, 2016-20
Table 22: Indonesia consumer price index (absolute), 2016-20
Table 23: Indonesia exchange rate, 2016-20
Table 1: Indonesia life insurance market value: $ billion, 2016-20
Table 2: Indonesia life insurance market category segmentation: $ billion, 2020
Table 3: Indonesia life insurance market geography segmentation: $ billion, 2020
Table 4: Indonesia life insurance market value forecast: $ billion, 2020-25
Table 5: Indonesia life insurance market share: % share, by value, 2020
Table 6: PT Prudential Life Assurance: key facts
Table 7: PT Prudential Life Assurance: Key Employees
Table 8: PT Asuransi Simas Jiwa: key facts
Table 9: PT Asuransi Simas Jiwa: Key Employees
Table 10: Allianz SE: key facts
Table 11: Allianz SE: Annual Financial Ratios
Table 12: Allianz SE: Key Employees
Table 13: Allianz SE: Key Employees Continued
Table 14: AIA Group Ltd: key facts
Table 15: AIA Group Ltd: Annual Financial Ratios
Table 16: AIA Group Ltd: Key Employees
Table 17: AIA Group Ltd: Key Employees Continued
Table 18: Indonesia size of population (million), 2016-20
Table 19: Indonesia gdp (constant 2005 prices, $ billion), 2016-20
Table 20: Indonesia gdp (current prices, $ billion), 2016-20
Table 21: Indonesia inflation, 2016-20
Table 22: Indonesia consumer price index (absolute), 2016-20
Table 23: Indonesia exchange rate, 2016-20
LIST OF FIGURES
Figure 1: Indonesia life insurance market value: $ billion, 2016-20
Figure 2: Indonesia life insurance market category segmentation: % share, by value, 2020
Figure 3: Indonesia life insurance market geography segmentation: % share, by value, 2020
Figure 4: Indonesia life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Indonesia, 2020
Figure 6: Drivers of buyer power in the life insurance market in Indonesia, 2020
Figure 7: Drivers of supplier power in the life insurance market in Indonesia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Indonesia, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Indonesia, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Indonesia, 2020
Figure 11: Indonesia life insurance market share: % share, by value, 2020
Figure 1: Indonesia life insurance market value: $ billion, 2016-20
Figure 2: Indonesia life insurance market category segmentation: % share, by value, 2020
Figure 3: Indonesia life insurance market geography segmentation: % share, by value, 2020
Figure 4: Indonesia life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Indonesia, 2020
Figure 6: Drivers of buyer power in the life insurance market in Indonesia, 2020
Figure 7: Drivers of supplier power in the life insurance market in Indonesia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Indonesia, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Indonesia, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Indonesia, 2020
Figure 11: Indonesia life insurance market share: % share, by value, 2020
