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Indonesia Insurance Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 59 pages

Includes 3 FREE quarterly updates

BMI View: The positive structural trends of Indonesia's insurance sector remain in place. Although theslowing 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 areachieving good and profitable growth by other metrics. Interestingly, the economic slowdown appears tohave had little impact on the motor vehicle insurance and property insurance sub-sectors of the non-lifesegment.

Key Updates and Forecasts

- The economic slowdown, and the lack of progress by the government with reforms, has weighed onconsumer sentiment. Volatile markets have reduced the appeal of a number of the life insurers' mutualfunds and other wealth management offerings. Data from the regulator and from the companies suggestthat 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 hadlittle adverse impact on the non-life segment and, in particular, the important motor vehicle and propertysub-sectors. The implication is that the non-life insurers are benefiting from further growth in the numberof vehicles on Indonesia's roads and increasing numbers and values of insurable risks. It also appearsthat, in spite of the fragmentation of the marketplace, the lack of scale of many of the players anddownwards pressure on prices globally, pricing has remained disciplined.

Table Of Contents

Indonesia Insurance Report Q2 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Indonesia 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Indonesia 2013-2020) 13
Table: Life Insurance Claims (Indonesia 2008-2014) 14
Non- Life Premiums Forecast 14
Table: Non-Life Premiums (Indonesia 2013-2020) 17
Table: Non-Life Insurance Claims (Indonesia 2009-2014) 19
Non- Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums by Product Line (Indonesia 2013-2020) 27
Industry Risk Reward Ratings 29
Asia Pacific Industry Risk/Reward Index 29
Table: Asia Pacific Insurance Risk/Reward Index Q216 30
Market Overview 31
Life Market Overview 31
The Product Offering 31
The Competitive Landscape 32
Table: Life Insurance Premiums (USDmn), 2008-2013 34
Non-Life Market Overview 36
The Product Offering 36
The Competitive Landscape 37
Table: Non-Life Market Shares 2009-2014 37
Table: Non-Life Insurance Premiums (USDmn), 2008-2014 38
Company Profile 40
AIA Group 40
Allianz 43
AXA 46
Manulife Financial 48
Prudential plc 50
Methodology 53
Industry Forecast Methodology 53
Risk/Reward Index Methodology 56
Table: Indicators 58
Table: Weighting of Indicators 59

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