Indonesia Insurance Report Q2 2016

Date: March 16, 2016
Pages: 59
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: The positive structural trends of Indonesia's insurance sector remain in place. Although the slowing of the economy and the political environment (in particular the lack of progress with reform) appears to have had an adverse impact on life insurance premiums written, many of the companies are achieving good and profitable growth by other metrics. Interestingly, the economic slowdown appears to have had little impact on the motor vehicle insurance and property insurance sub-sectors of the non-life segment.

Key Updates and Forecasts
  • The economic slowdown, and the lack of progress by the government with reforms, has weighed on consumer sentiment. Volatile markets have reduced the appeal of a number of the life insurers' mutual funds and other wealth management offerings. Data from the regulator and from the companies suggest that the risks to our estimates/projections for life insurance premiums in 2015-17 are to the downside. Nevertheless, several of the leading insurers have achieved strong and profitable growth by other metrics.
  • The latest data from the regulator suggests that the economic slowdown - perhaps surprisingly - has had little adverse impact on the non-life segment and, in particular, the important motor vehicle and property sub-sectors. The implication is that the non-life insurers are benefiting from further growth in the number of vehicles on Indonesia's roads and increasing numbers and values of insurable risks. It also appears that, in spite of the fragmentation of the marketplace, the lack of scale of many of the players and downwards pressure on prices globally, pricing has remained disciplined.
BMI Industry View
  Table: Headline Insurance Forecasts (Indonesia 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Indonesia 2013-2020)
  Table: Life Insurance Claims (Indonesia 2008-2014)
Non- Life Premiums Forecast
  Table: Non-Life Premiums (Indonesia 2013-2020)
  Table: Non-Life Insurance Claims (Indonesia 2009-2014)
Non- Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (Indonesia 2013-2020)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
  Table: Asia Pacific Insurance Risk/Reward Index Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Life Insurance Premiums (USDmn), 2008-2013
Non-Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Non-Life Market Shares 2009-2014
  Table: Non-Life Insurance Premiums (USDmn), 2008-2014
Company Profile
AIA Group
Manulife Financial
Prudential plc
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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