Indonesia’s insurance sec꧙tor generates less than 1% of the country’s gross domestic product (GDP). Its penetration and density rates are below the average for the region. With gross insurance premiums at 1.99% of GDP versu❀s 3.9% on average for Emerging Asia,♛ and insurance density to the tune 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 intermediar🦄ies operate in the country, according to data from March 2020. Life insurance i🌜s the largest segment, earning 40% of total gross insurance premiums in 2019. Ne♛xt comes social insurance with a 39% share and non-life🌳 insurance💟 and reinsurance witܫh 19% of the total. Mandatory insurance accounted for 2.6% of overall premiums. Gross contributions from Sharia insurance wer🐠e equivalent to 3.2% of total insurance incom🗹e. ​

This report provides a complete and detailed analysis of the insurance sector for Indonesia. EMIS Insights presents in-depth business intelligence in a standard format across countries and ♊regions, 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 below for a complete table of report content𓆏s: