Non-Life Insurance in Indonesia

Non-Life Insurance in Indonesia



Summary



Non-Life Insurance in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.



Key Highlights



– The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2018 annual average exchange rates.

– The Indonesian non-life insurance market had total gross written premiums of $4.9bn in 2018, representing a compound annual growth rate (CAGR) of 10.1% between 2014 and 2018.

– High levels of household disposable income alongside lower consumer confidence in 2018 boosted sales for non-life insurance products

– The Indonesian market has recorded strong demand for motor and property insurance in recent years which is in line with the rising income of the population.



Scope



– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Indonesia

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Indonesia

– Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Indonesia non-life insurance market with five year forecasts



Reasons to Buy



– What was the size of the Indonesia non-life insurance market by value in 2018?

– What will be the size of the Indonesia non-life insurance market in 2023?

– What factors are affecting the strength of competition in the Indonesia non-life insurance market?

– How has the market performed over the last five years?

– Who are the top competitiors in Indonesia’s non-life insurance market?



Companies Mentioned:

PT Asuransi Astra Buana

PT Asuransi Central Asia

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.