Indonesia’s insurance sector generates less than 1% of the coun🌸try’s gross domestic product (GDP). Its penetration and density 𒀰rates are belo𒉰w the average for the region. With gross insurance premiums at 1.99% of GDP versus 3.9% on🐭 average for Emerging Asia, and insurance density to the t❀une of USD 82 per capita versus USD 207 for Emerging Asia, the industry has a lot of room 💎for growth. Some 152 insurance companies and 227 insurance intermediaries operate in the country, according to data from March 202ജ0. Life insurance is the largest segment, earning 40% of total gross insurance premiums in 2019. Next comes social insurance🎃 with a 39% sh𓂃are and non-life insurance and reinsuranജce with 19% of the total. Mandatory insurance accounted for 2.6% of overall premiums.&nb🔯sp;Gross contributions from Sharia insurance were e෴quivalent to 3.2% of total insurance🌼 income. ​

This report provides a complete and detailed analys🐻is of the insurance sector for Indonesia. EMIS Insights presents in-depth business intelligence in a standard format across countries and rꦦegions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the insurance sector in Indonesia
• Access forecasts for growth in the sector
• View key data on insurance premiums and claims in Indonesia.
• Crystallise the forces both driving and restraining this sector in Indonesia
• Assess market share for the life insurance, non-life and reinsurance sectors
• Ascertain Indonesia’s position in the global sector
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Indonesia
• Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.

See bel🔯ow for a complete table of report contents: