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Personal Accident and Health Insurance in Indonesia, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Indonesia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Indonesia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Indonesian life insurance segment, and a comparison of the Indonesian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Indonesian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Indonesia Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Indonesian personal accident and health insurance segment, including:

  • An overview of the Indonesian personal accident and health insurance segment
  • The Indonesian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Indonesian economy and demographics
  • A comparison of the Indonesian personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Indonesian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Indonesia
  • Details of regulatory policy applicable to the Indonesian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Indonesia:
  • It provides historical values for the Indonesian personal accident and health insurance segment 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 categories in the Indonesian personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Indonesian personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Indonesia.
  • It profiles the top personal accident and health insurance companies in Indonesia, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Indonesian personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Indonesian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Indonesian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In January 2014, the national health insurance scheme, Jaminan Kesehatan Nasional (JKN), was launched, and covered around 73% of the total population by the end of 2015.
  • Insurers are investing in digital processes such as the development of online sites and mobile app to speed up claims processing and settlement.
  • The gross written premium of the Indonesian personal accident and health segment increased at a review-period CAGR of 11.3%, due to rising healthcare expenditure, improved economic conditions and an inadequate public healthcare system.
  • In August 2015, the Coordination of Benefits (COB) scheme was introduced on a pilot basis, which allows private health insurers to cover excess or additional expenses not provided by JKN. This will benefit both healthcare service providers and policyholders.


  • Key Facts and Highlights
    • Table Indonesian Personal Accident and Health Insurance - Key Facts, 2015
    • Table Indonesian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Value Added to Indonesian GDP (% of Total GDP), 1990-2014
    • Table Working Population Percentages by GDP Sector (% of Total Indonesian Population), 1990-2014
    • Table Indonesian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross Written Premium and Penetration
        • Table Indonesian Personal Accident and Health Insurance - Gross Written Premium (IDR Trillion and US$ Billion), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Gross Written Premium (IDR Trillion and US$ Billion), 2015-2020
        • Table Indonesian Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Indonesian Personal Accident and Health Insurance - Premium per Capita (IDR and US$), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Premium per Capita (IDR and US$), 2015-2020
      • Claims
        • Table Indonesian Personal Accident and Health Insurance - Paid Claims (IDR Trillion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Paid Claims (IDR Trillion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and Investments
        • Table Indonesian Personal Accident and Health Insurance - Total Assets (IDR Trillionand US$ Billion), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Total Assets (IDR Trillion and US$ Billion), 2015-2020
        • Table Indonesian Personal Accident and Health Insurance - Total Investment Income (IDR Trillion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Total Investment Income (IDR Trillion and US$ Million), 2015-2020
        • Table Indonesian Personal Accident and Health Insurance - Investment Portfolio (IDR Trillion), 2011-2015
        • Table Indonesian Personal Accident and Health Insurance - Investment Portfolio (IDR Trillion), 2015-2020
  • Outlook by Category
    • Table Indonesian Personal Accident and Health Insurance - Direct Written Premium by Category (IDR Trillion),2011-2015
    • Table Indonesian Personal Accident and Health Insurance - Direct Written Premium by Category (IDR Trillion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Indonesian Personal Accident Insurance - Direct Written Premium (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident Insurance - Direct Written Premium (IDR Billion and US$ Million), 2015-2020
      • Policies
        • Table Indonesian Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Indonesian Personal Accident Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Indonesian Personal Accident Insurance - Paid Claims (IDR Billion and US$ Million), 2011-2015
        • Table Indonesian Personal Accident Insurance - Paid Claims (IDR Billion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Indonesian Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Indonesian Health Insurance - Direct Written Premium by Sub-Category (IDR Trillion), 2011-2015
        • Table Indonesian Health Insurance - Direct Written Premium by Sub-Category (IDR Trillion), 2015-2020
      • Policies
        • Table Indonesian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Indonesian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Indonesian Health Insurance - Paid Claims (IDR Trillion and US$ Million), 2011- 2015
        • Table Indonesian Health Insurance - Paid Claims (IDR Trillion and US$ Million), 2015-2020
      • Profitability
        • Table Indonesian Health Insurance - Loss Ratio (%), 2011-2015
        • Table Indonesian Health Insurance - Loss Ratio (%), 2015-2020
  • Competitive Landscape
    • Table Indonesian Personal Accident and Health Insurance - Segment Shares of Leading Insurers (%), 2014
    • Company Profiles
      • PT Asuransi Jiwa InHealth Indonesia - company overview
        • Table PT Asuransi Jiwa InHealth Indonesia - Key Facts
        • Table PT Asuransi Jiwa InHealth Indonesia - Key Financials (IDR Billion), 2010-2014
      • PT Axa Mandiri Financial Services - company overview
        • Table PT Axa Mandiri Financial Services - Key Facts
        • Table PT Axa Mandiri Financial Services - Key Financials (IDR Billion), 2010-2014
      • PT Asuransi Allianz Life Indonesia - company overview
        • Table PT Asuransi Allianz Life Indonesia - Key Facts
        • Table PT Asuransi Allianz Life Indonesia - Key Financials (IDR Billion), 2011-2015
      • PT Asuransi Sinar Mas - company overview
        • Table PT Asuransi Sinar Mas - Key Facts
        • Table PT Asuransi Sinar Mas - Key Financials (IDR Billion), 2011-2015
      • PT Lippo General Insurance Tbk - company overview
        • Table PT Lippo General Insurance Tbk - Key Facts
        • Table PT Lippo General Insurance Tbk - Key Financials (IDR Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table Indonesia - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life Insurance
        • Table Indonesia - Life Insurance Regulatory Framework
      • Property Insurance
        • Table Indonesia - Property Insurance Regulatory Framework
        • Table Indonesia - Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured)
        • Table Indonesia - Tariff Rates for Flood Insurance (% of Sum Insured)
        • Table Indonesia - Tariff Rates for Business Interruption Insurance
      • Motor Insurance
        • Table Indonesia - Motor Insurance Regulatory Framework
        • Table Indonesia - Comprehensive Motor Insurance Tariff Rates (% of Sum Insured)
        • Table Indonesia - Total Loss Motor Insurance Tariff Rates (% of Sum Insured)
        • Table Indonesia - Earthquake Insurance Tariff Rates for Motor Vehicles
        • Table Indonesia - Flood Insurance Tariff Rates for Motor Vehicles
      • Liability insurance
        • Table Indonesia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Workmen compensation insurance
      • Professional indemnity insurance for insurance brokers
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Financial Services Authority
      • The General Insurance Association of Indonesia (Asosiasi Asuransi Umum Indonesia)
      • The Indonesian Life Insurance Association (Asosasi Asuransi Jiwa Indonesia)
      • The Indonesian Insurance Council (Dewan Asuransi Indonesia)
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Indonesia - Corporation Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Indonesian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Indonesian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Indonesian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
      • Table Indonesian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Indonesian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
      • Table Indonesian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
    • Personal Accident Insurance
      • Table Indonesian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
      • Table Indonesian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
    • Health Insurance
      • Table Indonesian Personal Accident and Health Insurance - Health Insurance, 2011-2015
      • Table Indonesian Personal Accident and Health Insurance - Health Insurance, 2015-2020
    • Health Insurance by Product
      • Table Indonesian Personal Accident and Health Insurance - Health by Product, 2011-2015
      • Table Indonesian Personal Accident and Health Insurance - Health by Product, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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