Market Research Logo

Market Attractiveness and Future Prospects of the Indonesian Takaful Insurance Industry 2020

Market Attractiveness and Future Prospects of the Indonesian Takaful Insurance Industry 2020

Synopsis

Timetric’s 'Market Attractiveness and Future Prospects of the Indonesian Takaful Insurance Industry 2020' report provides detailed analysis of the trends in the Indonesian takaful industry.

It provides values for key performance indicators such as gross written premium, direct written premium, earned premium, claims, incurred loss, loss ratio, combined ratio, commissions and expenses, assets and investments during the review period (2011–2015) and forecast period (2015–2020).

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages.

Summary

Timetric’s 'Market Attractiveness and Future Prospects of the Indonesian Takaful Insurance Industry 2020' report provides in-depth industry analysis, information and insights into the takaful insurance industry in Indonesia, including:

  • The Indonesian takaful industry’s growth prospects by insurance segment and category
  • The current trends in the Indonesian takaful industry
Scope

This report provides a comprehensive analysis of the takaful insurance industry in Indonesia:
  • It provides historical values for the Indonesian takaful industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key segments and categories in the Indonesian takaful industry, along with forecasts until 2020.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast industry data related to the Indonesian takaful insurance industry and each segment within it.
  • Understand the demand-side dynamics, key trends and growth opportunities in the Indonesian takaful industry.
  • Identify the growth opportunities and market dynamics in key segments.
Key Highlights
  • The Indonesian parliament implemented the new Insurance Law 2014 with effect from October 23, 2014.
  • In January 2014, the government introduced a universal healthcare scheme, the JKN, which will provide services ranging from flu treatment to open-heart surgery, dialysis and chemotherapy.
  • On December 28, 2016, the OJK enacted Regulation No. 67/POJK.05/2016, requiring insurers to prepare implementation and business plans related to the divestment of takaful businesses for the regulator.


  • Key Facts and Highlights
    • Table Indonesian Takaful Insurance Industry - Key Facts, 2015
  • Analysis of Indonesian Takaful Market Dynamics
  • Life Takaful Segment Trends
    • Policies and Premiums
      • Gross written premium
        • Table Indonesian Life Takaful - Gross Written Premium (IDR Trillion and US$ Million), 2011-2015
        • Table Indonesian Life Takaful - Gross Written Premium (IDR Trillion and US$ Million), 2015-2020
      • Direct written premium
        • Table Indonesian Individual Life Takaful - Direct Written Premium by Category (IDR Billion), 2011-2015
        • Table Indonesian Individual Life Takaful - Direct Written Premium by Category (IDR Billion), 2015-2020
      • Premium per capita
        • Table Indonesian Life Takaful - Premium per Capita (IDR and US$), 2011-2015
        • Table Indonesian Life Takaful - Premium per Capita (IDR and US$), 2015-2020
      • Penetration
        • Table Indonesian Life Takaful - Penetration (%), 2011-2015
        • Table Indonesian Life Takaful - Penetration (%), 2015-2020
      • Number of active policies
        • Table Indonesian Life Takaful - Number of Active Policies (Thousand), 2011-2015
        • Table Indonesian Life Takaful - Number of Active Policies (Thousand), 2015-2020
    • Claims and Expenses
      • Claims
        • Table Indonesian Life Takaful - Paid Claims (IDR Trillion and US$ Million), 2011-2015
        • Table Indonesian Life Takaful - Paid Claims (IDR Trillion and US$ Million), 2015-2020
      • Commissions and expenses
        • Table Indonesian Life Takaful - Commissions and Expenses (IDR Trillion and US$ Million), 2011-2015
        • Table Indonesian Life Takaful - Commissions and Expenses (IDR Trillion and US$ Million), 2015-2020
    • Assets and Investments
      • Total assets
        • Table Indonesian Life Takaful - Total Assets (IDR Trillion and US$ Billion), 2011-2015
        • Table Indonesian Life Takaful - Total Assets (IDR Trillion and US$ Billion), 2015-2020
      • Total investment income
        • Table Indonesian Life Takaful - Total Investment Income (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Life Takaful - Total Investment Income (IDR Billion and US$ Million), 2015-2020
      • Investments
        • Table Indonesian Life Takaful - Investment Portfolio (IDR Trillion), 2011-2015
        • Table Indonesian Life Takaful - Investment Portfolio (IDR Trillion), 2015-2020
  • Non-Life Takaful Segment Trends
    • Policies and Premium
      • Gross written premium
        • Table Indonesian Non-Life Takaful - Gross Written Premium (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Non-Life Takaful - Gross Written Premium (IDR Billion and US$ Million), 2015-2020
      • Premium per capita
        • Table Indonesian Non-Life Takaful - Premium per Capita (IDR and US$), 2011-2015
        • Table Indonesian Non-Life Takaful - Premium per Capita (IDR and US$), 2015-2020
      • Penetration
        • Table Indonesian Non-Life Takaful - Penetration (%), 2011-2015
        • Table Indonesian Non-Life Takaful - Penetration (%), 2015-2020
    • Claims and Expenses
      • Paid claims
        • Table Indonesian Non-Life Takaful - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Non-Life Takaful - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Loss ratio
        • Table Indonesian Non-Life Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Non-Life Takaful - Loss Ratio (%), 2015-2020
      • Commissions and expenses
        • Table Indonesian Non-Life Takaful - Commissions and Expenses (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Non-Life Takaful - Commissions and Expenses (IDR Billion and US$ Million), 2015-2020
    • Assets and Investments
      • Total assets
        • Table Indonesian Non-Life Takaful - Total Assets (IDR Trillion and US$ Million), 2011-2015
        • Table Indonesian Non-Life Takaful - Total Assets (IDR Trillion and US$ Million), 2015-2020
      • Total investment income
        • Table Indonesian Non-Life Takaful - Total Investment Income (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Non-Life Takaful - Total Investment Income (IDR Billion and US$ million), 2015-2020
      • Investments
        • Table Indonesian Non-Life Takaful - Investment Portfolio (IDR Billion), 2011-2015
        • Table Indonesian Non-Life Takaful - Investment Portfolio (IDR Billion), 2015-2020
  • Non-Life Takaful Categories
    • Property Takaful
      • Direct written premium
        • Table Indonesian Property Takaful - Direct Written Premium by Sub-Category (IDR Billion), 2011-2015
        • Table Indonesian Property Takaful - Direct Written Premium by Sub-Category (IDR Billion), 2015-2020
      • Penetration
      • Claims
        • Table Indonesian Property Takaful - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Property Takaful - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Property Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Property Takaful - Loss Ratio (%), 2015-2020
    • Motor Takaful
      • Penetration
      • Claims
        • Table Indonesian Motor Takaful - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Motor Takaful - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Motor Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Motor Takaful - Loss Ratio (%), 2015-2020
    • Liability Takaful
      • Direct written premium
        • Table Indonesian Liability Takaful - Direct Written Premium (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Liability Takaful - Direct Written Premium (IDR Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Indonesian Liability Takaful - Paid Claims (IDR Million and US$ Million), 2011-2015
        • Table Indonesian Liability Takaful - Paid Claims (IDR Million and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Liability Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Liability Takaful - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Takaful
      • Direct written premium
        • Table Indonesian Marine, Aviation and Transit Takaful - Direct Written Premium (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Marine, Aviation and Transit Takaful - Direct Written Premium (IDR Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Indonesian Marine, Aviation and Transit Takaful - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Marine, Aviation and Transit Takaful - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Marine, Aviation and Transit Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Marine, Aviation and Transit Takaful - Loss Ratio (%), 2015-2020
  • Personal Accident and Health Takaful Segment Trends
    • Policies and Premium
      • Gross written premium
        • Table Indonesian Personal Accident and Health Takaful - Gross Written Premium (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Gross Written Premium (IDR Billion and US$ Million), 2015-2020
      • Premium per capita
        • Table Indonesian Personal Accident and Health Takaful - Premium per Capita (IDR and US$), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Premium per Capita (IDR and US$), 2015-2020
      • Penetration
        • Table Indonesian Personal Accident and Health Takaful - Penetration (%), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Penetration (%), 2015-2020
    • Claims and Expenses
      • Paid claims
        • Table Indonesian Personal Accident and Health Takaful - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Loss ratio
        • Table Indonesian Personal Accident and Health Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Loss Ratio (%), 2015-2020
      • Commissions and expenses
        • Table Indonesian Personal Accident and Health Takaful - Commissions and Expenses (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Commissions and Expenses (IDR Billion and US$ Million), 2015-2020
    • Assets and Investments
      • Total assets
        • Table Indonesian Personal Accident and Health Takaful - Total Assets (IDR Trillion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Total Assets (IDR Trillion and US$ Million), 2015-2020
      • Total investment income
        • Table Indonesian Personal Accident and Health Takaful - Total Investment Income (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Total Investment Income (IDR Billion and US$ Million), 2015-2020
      • Investments
        • Table Indonesian Personal Accident and Health Takaful - Investment Portfolio (IDR Billion), 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Investment Portfolio (IDR Billion), 2015-2020
  • Personal Accident and Health Takaful Categories
    • Personal Accident Takaful
      • Direct written premium
        • Table Indonesian Personal Accident Takaful - Direct Written Premium (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident Takaful - Direct Written Premium (IDR Billion and US$ Million), 2015-2020
      • Number of active policies
        • Table Indonesian Personal Accident Takaful - Number of Active Policies (Thousand), 2011-2015
        • Table Indonesian Personal Accident Takaful - Number of Active Policies (Thousand), 2015-2020
      • Penetration
      • Claims
        • Table Indonesian Personal Accident Takaful - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident Takaful - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Personal Accident Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Personal Accident Takaful - Loss Ratio (%), 2015-2020
    • Health Takaful
      • Direct written premium
        • Table Indonesian Health Takaful - Direct Written Premium (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Health Takaful - Direct Written Premium (IDR Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Indonesian Health Takaful - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Health Takaful - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Health Takaful - Loss Ratio (%), 2011-2015
        • Table Indonesian Health Takaful - Loss Ratio (%), 2015-2020
  • Retakaful
    • Reinsurance Accepted
      • Table Indonesian Retakaful - Total Premium Accepted (IDR Billion and US$ Million), 2011-2015
      • Table Indonesian Retakaful - Total Premium Accepted (IDR Billion and US$ Million), 2015-2020
    • Premium Ceded
      • Table Indonesian Retakaful - Premium Ceded by Primary Segment (IDR Billion), 2011-2015
      • Table Indonesian Retakaful - Premium Ceded by Primary Segment (IDR Billion), 2015-2020
  • Databook
    • Life Takaful
      • Policies and premium
        • Table Indonesian Life Takaful - Policies and Premium, 2011-2015
        • Table Indonesian Life Takaful - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Indonesian Life Takaful - Claims and Expenses, 2011-2015
        • Table Indonesian Life Takaful - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Indonesian Life Takaful - Assets and Investments, 2011-2015
        • Table Indonesian Life Takaful - Assets and Investments, 2015-2020
      • Individual life takaful
        • Table Indonesian Life Takaful - Individual Life, 2011-2015
        • Table Indonesian Life Takaful - Individual Life, 2015-2020
      • Individual life takaful by product
        • Table Indonesian Life Takaful - Individual Life by Product, 2011-2015
        • Table Indonesian Life Takaful- Individual Life by Product, 2015-2020
      • Linked vs non-linked policies
        • Table Indonesian Life Takaful - Linked vs. Non-Linked Policies, 2011-2015
        • Table Indonesian Life Takaful - Linked vs. Non-Linked Policies, 2015-2020
    • Non-Life Takaful
      • Policies and premium
        • Table Indonesian Non-Life Takaful - Policies and Premium, 2011-2015
        • Table Indonesian Non-Life Takaful - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Indonesian Non-Life Takaful - Claims and Expenses, 2011-2015
        • Table Indonesian Non-Life Takaful - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Indonesian Non-Life Takaful - Assets and Investments, 2011-2015
        • Table Indonesian Non-Life Takaful - Assets and Investments, 2015-2020
      • Property takaful
        • Table Indonesian Non-Life Takaful - Property, 2011-2015
        • Table Indonesian Non-Life Takaful - Property, 2015-2020
      • Property takaful by product
        • Table Indonesian Non-Life Takaful - Property Takaful by Product, 2011-2015
        • Table Indonesian Non-Life Takaful - Property Takaful by Product, 2015-2020
      • Motor takaful
        • Table Indonesian Non-Life Takaful - Motor, 2011-2015
        • Table Indonesian Non-Life Takaful - Motor, 2015-2020
      • Liability takaful
        • Table Indonesian Non-Life Takaful - Liability, 2011-2015
        • Table Indonesian Non-Life Takaful - Liability, 2015-2020
      • Marine, aviation and transit takaful
        • Table Indonesian Non-Life Takaful - Marine, Aviation and Transit, 2011-2015
        • Table Indonesian Non-Life Takaful - Marine, Aviation and Transit, 2015-2020
    • Personal Accident and Health Takaful
      • Policies and premium
        • Table Indonesian Personal Accident and Health Takaful - Policies and Premium, 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Indonesian Personal Accident and Health Takaful - Claims and Expenses, 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Indonesian Personal Accident and Health Takaful - Assets and Investments, 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Assets and Investments, 2015-2020
      • Personal accident takaful
        • Table Indonesian Personal Accident and Health Takaful - Personal Accident, 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Personal Accident, 2015-2020
      • Health takaful
        • Table Indonesian Personal Accident and Health Takaful - Health, 2011-2015
        • Table Indonesian Personal Accident and Health Takaful - Health, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report