In 2023, the total gross direct insurance premiums in Indonesia stood at $77.00 USD per capita. Over the forecasted period from 2024 to 2028, the values show a consistent upward trend, starting at 78.42 USD in 2024 and reaching 84.27 USD by 2028.
Year-on-year variations are as follows:
- 2024: 1.84%
- 2025: 1.87%
- 2026: 1.84%
- 2027: 1.80%
- 2028: 1.75%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.84% per year.
Future trends to watch for include regulatory changes that could impact premium rates, technological advancements in insurance underwriting and claims processing, and broader economic conditions that may affect consumer disposable income and insurance purchasing behavior.
