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Indonesia

Non Life Report

Product Insurance Market Reports Non Life Rev Indonesia

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice

 

  • Key insights and explanations of market developments
  • Details Indonesia's insurance regulatory framework & tax regime
  • The newest legislative changes and upcoming considerations
  • The latest developments in risk considerations
  • Details on the competitive landscape
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Indonesia.

Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Indonesian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Indonesia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Indonesia non-life (P&C) market as well as trends by line of business. Axco analysts also report on Indonesia's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.

The report describes Indonesia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Indonesia, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.

View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Indonesia, their market share and investigates how much premium is written through the sector’s different distribution channels.

Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Indonesia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.

PRICE: £550.00

Indonesia Non-Life Insurance Report Extract

The non-life insurance market (excluding PA and health business) grew by 11.6% in 2018, according to the latest available statistics. If PA and health business is included the overall growth rate in 2018 was 11.3%. The major classes of business in 2018 were property and motor representing, respectively 24.8% and 28.0% of the total non-life market gross premium income including PA and health business. In June 2020 the Indonesian General Insurance Association (AAUI) announced that, as a result of the COVID-19 pandemic, the sector's premium growth was expected to decline by 15% to 25% by ....

 

This is a brief extract of information; more updated information may be available in the latest published report.

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