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Insurance in Indonesia

Insurance in Indonesia

Summary

Insurance in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Indonesia insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The Indonesian insurance market had total gross written premiums of $20.0bn in 2016, representing a compound annual growth rate (CAGR) of 16.5% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $15.3bn, equivalent to 76.3% of the market's overall value.

The strong growth of the Indonesian economy in recent years has led to rising incomes among the population, spurring demand for insurance products. Demand for life insurance savings products has largely contributed to the immense growth rates of the market in recent years, driven by a growing middle class and rising awareness over insurance.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Indonesia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Indonesia
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Indonesia insurance market with five year forecasts

Reasons to buy

- What was the size of the Indonesia insurance market by value in 2016?
- What will be the size of the Indonesia insurance market in 2021?
- What factors are affecting the strength of competition in the Indonesia insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Indonesia's insurance market?