Indonesia Insurance Report Q4 2017
BMI View: Both the life and the non-life segments of Indonesia's insurance sector should benefit fromsteady economic growth and rising household incomes, although price competition will probably result inthe non-life segment growing more slowly than the life segment. Both segments should benefit from agrowing understanding of the advantages of insurance among households and businesses.
Key Updates And Forecasts
A generally favourable economic outlook augurs well for corporate profits and household incomes inIndonesia. This should underpin reasonably strong volume growth in both of the major segments. In thenon-life segment, premiums will be boosted by increasing numbers of users of health and personalaccident insurance, as well as the growth in the national car fleet.
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