|
|
 |
|
Viewing report
|
|
|
|
Indonesia Insurance Report Q1 2011
Business Monitor International, Dec 2010, Pages: 89
The Indonesia Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Indonesia's insurance industry.
This report includes final data for 2009 and amended projections for the current year. It looks for total premiums in 2010 of IDR112,160,731mn. This includes non-life premiums of IDR33,672,617mn and life premiums of IDR78,488,114mn. In 2015, the corresponding figures should be IDR332,773,415mn, IDR88,239,220mn and IDR244,534,195mn. In terms of the key drivers that underpin our forecasts, it is looking for non-life penetration to rise from 0.54% of GDP in 2010 to 0.79% in 2015, and for life density to increase from US$35 per capita to US$115.
BMI’s proprietary Insurance Business Environment Rating for Indonesia is 53.7. As in previous quarters, the major players in each of the two main insurance segments have been ranked as they are seen by the organisation providing the data (which, in practice, is usually the regulator or the trade association). In Indonesia, the three largest non-life companies – in terms of gross written premiums written – were PT Asuransi Jasa Indonesia, PT Asuransi Sinar Mas and PT Asuransi Astra Buana, whose market shares were 10.3%, 10.2% and 7.3%, respectively in 2009. In the life segment, the leaders were PT Asuransi Jiwa Mega Life, PT Asuransi Jiwa Sinar Mas and PT Prudential Life Insurance, whose market shares were 17.2%, 15.5% and 10.5%, respectively. Over time, it is hoped to derive insights from observing how market shares change. It must be emphasised, though, that a decline in share of gross written premiums is not automatically a negative indicator, and indeed is often the result of a deliberate corporate decision to focus on more profitable business lines.
This report also provides a breakdown of the insurance sector by line – again, from the point of view of the regulator or the trade association. The largest non-life lines were property, motor and marine cargo. These accounted for 33.9%, 28.6% and 7.3% of total non-life premiums respectively. Over time, we should be able to use this information to bring greater sophistication to our forecasting process.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Indonesia Insurance Report Q1 2011
Indonesia Insurance Report Q1 2011
Indonesia Insurance Report Q1 2011
Indonesia Insurance Report Q1 2011
Indonesia Insurance Report Q2 2010
Indonesia Insurance Report Q1 2010
Emerging Market and Investment Opportunities in the Indonesian Motor Insurance Industry to 2016
Life Insurance in Indonesia, Trends and Opportunities to 2016: Unit Linked Investment Plans to Drive Market Growth
Emerging Insurance Markets of Asia-Pacific - Global Strategic Business Report
Life Insurance - Indonesia - A Snapshot (2010)
|
|
|
|
