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Indonesia Insurance Report Q1 2016

  • December 2015
  • -
  • Business Monitor International
  • -
  • 57 pages

Includes 3 FREE quarterly updates

BMI View:

The insurance sector in Indonesia is one of the fastest growing in the Asia Pacific region and offers significant future growth potential. The country is home to a large population and while average household incomes in many areas are prohibitively low, the gradual expansion of the middles classes, growing income levels and development of more affordable insurance products including microinsurance all indicate a positive environment for the development of life and non-life insurance. As such we are seeing a growing number of global insurers take interest in the Indonesian market, entering either as new entrants or via local acquisitions in what is currently a relatively fragmented marketplace.


Key Updates and Forecasts
- Paninvest is reportedly looking for a buyer for its general insurance business, aiming to raise around USD500mn from the sale. Italian insurance firm Assicurazioni Generali SpA, Canada's Intact Financial Corp. and Hong Kong-based Pacific Century Group's insurance subsidiary FWD are reportedly interested in the deal which includes 15 years of distribution via Paninvest's many bank branches.
- Indonesia's financial services authority has released plans which require pension funds and insurance firms to keep a minimum percentage of investment portfolios in government bonds. The minimum percentage amount has not yet been released.

Table Of Contents

Indonesia Insurance Report Q1 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Indonesia 2012-2019) 5
SWOT 7
Insurance . 7
Industry Forecast . 9
Life Premiums Forecast 9
Table: Life Premiums (Indonesia 2012-2019) . 12
Table: Life Insurance Claims (Indonesia 2007-2013) . . 13
Non- Life Premiums Forecast .. 13
Table: Non-Life Premiums (Indonesia 2012-2019) . . 16
Table: Non-Life Insurance Claims (Indonesia 2008-2013) . . 18
Non- Life Sub-Sector Forecast . 18
Table: Non-Life Insurance Premiums By Product Line (Indonesia 2012-2019) . . 26
Industry Risk Reward Ratings 28
Asia Pacific Industry Risk/Reward Index 28
Table: Asia Pacific Insurance Risk/Reward Index 29
Market Overview 30
Life Market Overview . 30
The Product Offering 30
The Competitive Landscape 31
Table: Life Insurance Premiums (USDmn), 2008-2013 33
Non-Life Market Overview 35
The Product Offering 35
The Competitive Landscape 36
Table: Non-Life Insurance Premiums (USDmn), 2008-2013 . 37
Company Profile . 38
AIA Group 38
Allianz 41
AXA 44
Manulife Financial . 46
Prudential plc .. 48
Methodology . 51
Industry Forecast Methodology . 51
Risk/Reward Index Methodology 54
Table: Indicators . 56
Table: Weighting of Indicators . 57

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