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Indonesia Insurance Report Q1 2016

  • ID: 3505838
  • December 2015
  • Region: Indonesia
  • 57 pages
  • Business Monitor International
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FEATURED COMPANIES

  • AIA Group
  • Allianz
  • AXA
  • Manulife Financial
  • Prudential plc
  • MORE

The insurance sector in Indonesia is one of the fastest growing in the Asia Pacific region and offers significant future growth potential. The country is home to a large population and while average household incomes in many areas are prohibitively low, the gradual expansion of the middles classes, growing income levels and development of more affordable insurance products including microinsurance all indicate a positive environment for the development of life and non-life insurance. As such we are seeing a growing number of global insurers take interest in the Indonesian market, entering either as new entrants or via local acquisitions in what is currently a relatively fragmented marketplace.

Key Updates and Forecasts
- Paninvest is reportedly looking for a buyer for its general insurance business, aiming to raise around USD500mn from the sale. Italian insurance firm Assicurazioni Generali SpA, Canada's Intact Financial Corp. and Hong Kong-based Pacific Century Group's insurance subsidiary FWD are reportedly interested in the deal which includes 15 years of distribution via Paninvest's many bank branches.

- Indonesia's financial services authority has released plans which require pension funds and insurance firms to keep a minimum percentage of investment portfolios in government bonds. The minimum percentage amount has not yet been released.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AIA Group
  • Allianz
  • AXA
  • Manulife Financial
  • Prudential plc
  • MORE

Table: Headline Insurance Forecasts (Indonesia 2012-2019)

SWOT

Insurance

Industry Forecast

Life Premiums Forecast
Table: Life Premiums (Indonesia 2012-2019)
Table: Life Insurance Claims (Indonesia 2007-2013)

Non- Life Premiums Forecast
Table: Non-Life Premiums (Indonesia 2012-2019)
Table: Non-Life Insurance Claims (Indonesia 2008-2013)

Non- Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Indonesia 2012-2019)

Industry Risk Reward Ratings

Asia Pacific Industry Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index

Market Overview

Life Market Overview

The Product Offering

The Competitive Landscape
Table: Life Insurance Premiums (USDmn), 2008-2013

Non-Life Market Overview

The Product Offering

The Competitive Landscape
Table: Non-Life Insurance Premiums (USDmn), 2008-2013

Company Profile

AIA Group

Allianz

AXA

Manulife Financial

Prudential plc

Methodology

Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Note: Product cover images may vary from those shown
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AIA Group
Allianz
AXA
Manulife Financial
Prudential plc

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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Our Clients

  • Transatlantic Holdings, Inc.
  • Aon Plc.
  • Swiss Reinsurance Company Ltd.
  • Prudential Financial, Inc.
  • General Reinsurance Corporation
  • ING Group