Home > Back to Publisher > Report Information

Indonesia: Analysis of the General Insurance Industry

Koncept Analytics
November 1, 2011
36 Pages - SKU: KOAN6685768

Abstract Table of Contents Search inside this report Related Reports

Countries covered: Indonesia

The general insurance industry in Indonesia witnessed healthy growth in gross premiums at the end of 2010 on account of improving macro-economic conditions and increasing public awareness of insurance benefits. Motor insurance formed the largest segment and its net premiums increased due to significant growth in motor vehicle sales and introduction of new policies. Property Insurance formed the second largest segment. Sharia insurance also experienced positive growth in 2010 due to the implementation of strategic policies and supervision quality improvement by Bapepam-LK.

As of May 2011, there were 87 non-life insurance companies in Indonesia. Some of these are composite companies that also offer life insurance products. The non-life insurance industry is highly fragmented with a number of market players. Astra Buana is the largest motor insurance provider whereas Sinar Mas is the market leader in property insurance. Companies such as Cigna Indonesia, AIA Indonesia and Allianz Indonesia are focusing on direct marketing strategies like telemarketing and online insurance to attract customers.

The present report gives an overview of the Indonesia general (non-life) insurance market along with the analysis of Indonesia's economic growth. The report provides an insight into the market size and growth in non-life insurance premiums. Each segment of non-life insurance industry along with key statistics and ratios are discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their branding and pricing strategies. A special focus on direct marketing strategies of main P&C players is also discussed in the report.

1. Indonesia: Country Overview: 1.1 Background; 1.2 Economy; 1.3 Automobile Industry; 1.4 Tourism Industry
2. General Insurance Industry Scenario: 2.1 Gross Written Premiums (GWP); 2.2 Statistics of Non-Life Insurance Industry; 2.3 Key Ratios of P&C Insurance Industry; 2.4 P&C Insurance Industry by Line of Business; 2.5 Key Statistics & Ratios by Line of Business; 2.6 Agents & Commissions; 2.7 Sharia (Takaful) Insurance
3. Market Segments Analysis: 3.1 Motor Insurance; 3.2 Property Insurance; 3.3 Personal Accident & Health Insurance; 3.4 Marine Cargo Insurance
4. P&C Market Players: 4.1 Sinar Mas; 4.2 Jasa Indonesia; 4.3 Astra Buana
5. P&C Market Players - Focus on Direct Marketing: 5.1 Cigna Indonesia; 5.2 AIA Indonesia; 5.3 Allianz Indonesia
6. Mandatory Requirements - General Insurers
List of Graphs and Tables: Indonesia: Economic Growth (2009-2012F); Indonesia: Automobile Exports (2005-2010); Indonesia: Car & Motorcycle Statistics, 2010; Visitors Arrival to Indonesia (2001-2009); Gross Premiums of Non-Life Insurance Industry (2007-2010); Key Statistics of Non-Life Insurance Industry in Indonesia (2006-2010); Key Ratios - Indonesian Non-Life Insurance Fund Business (2006-2009); P&C Insurance Industry Line of Business (2009); Key Statistics by Line of Business- Indonesia (2009); Incurred Loss Ratios of Indonesian Insurance Fund Business by Line in % (2005-2009); Commission of P&C Industry by Line of Business: (2010); Gross Contribution of Sharia General Insurance and Reinsurance: (2006-2010); Net Premiums of Motor Insurance in Indonesia: (2005-2009); Market Share of Motor Insurers in Indonesia (2009); Net Premiums of Property Insurance in Indonesia: (2005-2009); Market Share of Top 5 Property Insurers in Indonesia (2009); Net Premiums of Personal Accident & Health Insurance in Indonesia: (2005-2009); Market Share of Top 5 Personal Accident & Health Insurers in Indonesia: (2009); Net Premiums of Marine Cargo Insurance in Indonesia: (2005-2009); Market Share of Top 5 Marine Cargo Insurers in Indonesia: (2009); Direct P&C Insurers Market Share in Indonesia (2010); Sinar Mas: Products Offered; Gross Premiums of Sinar Mas- Indonesia: (2005-2010); Jasa Indonesia: Products Portfolio; Gross Premiums of Jasa Indonesia: (2005-2010); Jasa Indonesia: Corporate Business Segment Portfolio in 2010; Jasa Indonesia: Retail Business Segment Portfolio in 2010; Astra Buana: Products Offered; Gross Premiums of Astra Buana- Indonesia: (2005-2010); Cigna Indonesia: Products Portfolio; AIA Indonesia: Products Portfolio; Allianz Indonesia: Products Portfolio

More Indonesia General Insurance Reports

Insurance – Indonesia – a snapshot (2011) by Mintel - Snapshots
Insurance in Indonesia by Mintel Global Market Navigator provides you with annual year-end market size data, most recently updated in 2011. This market covers life ...

Insurance and Pension Funding in Indonesia: ISIC 66 by Euromonitor International
Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape ...

Health and Social Insurance in Indonesia by IBISWorld
This report consists of enterprises which include personal and non-personal (financial loss) formed by the government based on regulations which regulate the relationship between the ...

Underwriting Services in Indonesia by IBISWorld
This report consists of businesses who guarantee the sale of shares of a particular share issue. This report covers the scope, size, disposition and ...

Snapshots Indonesia Insurance 2010 by Mintel - Snapshots
Snapdata's Snapshots Indonesia Insurance 2010 provides 2009 year-end market size data, with 2010 estimates, 5 years of historical data and five-year forecasts. The Snapshots report ...

See all reports like this >>

More Indonesia Reports

D&B Country RiskLine Report: Indonesia by Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...

Indonesia: Country Profile by MarketLine
INTRODUCTION This report provides a detailed analysis on Indonesia, providing an overview of its political, economic and business environment, represented both textually and in graph and ...

D&B Country Report: Indonesia by Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...

2007 Indonesia Industry & Market Outlook report by Barnes Reports
The 2007 Indonesia Industry & Market Outlook report is the leading annual publication that describes over 100 major industries in Indonesia and 500+ minor industries ...

The 2005 Indonesia Economic and Product Market Databook by Icon Group International, Inc.
Market Potential Estimation Methodology Overview This study covers the outlook products in Indonesia. For the year reported, estimates are given for the latent demand, or ...

See all reports like this >>

Indonesia: Analysis of the General Insurance Industry

Share this report

Other tasks

Research Assistance

Related Markets

General Insurance Reports

Free Alert Me service