MarketResearchReports.biz has recently announced the addition of a market study “ Non-Life Insurance in Indonesia, Key Trends and Opportunities to 2020 ”, is a comparative analysis of the global market.
Timetrics 'Non-Life Insurance in Indonesia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Indonesian non-life insurance segment, and a comparison of the Indonesian insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Indonesian economy and demographics, explains the various types of natural hazard and their impact on the Indonesian insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Timetrics 'Non-Life Insurance in Indonesia Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Indonesian non-life insurance segment, including:
The Indonesian non-life segments detailed outlook by product category
A comprehensive overview of the Indonesian economy and demographics
A comparison of the Indonesian non-life insurance segment with its regional counterparts
The various distribution channels in the Indonesian non-life insurance segment
Detailed analysis of natural hazards and their impact on the Indonesian insurance industry
Details of the competitive landscape in the non-life insurance segment in Indonesia
Details of regulatory policy applicable to the Indonesian insurance industry
This report provides a comprehensive analysis of the non-life insurance segment in Indonesia:
It provides historical values for the Indonesian non-life insurance segment for the reports 20112015 review period, and projected figures for the 20152020 forecast period.
It offers a detailed analysis of the key categories in the Indonesian non-life insurance segment, and market forecasts to 2020.
It provides a comparison of the Indonesian non-life insurance segment with its regional counterparts
It analyzes the various distribution channels for non-life insurance products in Indonesia.
It analyzes various natural hazards and their impact on the Indonesian insurance industry
It profiles the top non-life insurance companies in Indonesia, and outlines the key regulations affecting them.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Indonesian non-life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Indonesian non-life insurance segment.
Assess the competitive dynamics in the non-life insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Indonesian insurance industry, and their impact on companies and the industry's future.
With effect from February 1, 2014, insurance regulator the Otoritas Jasa Keuangan (OJK) required all Indonesian non-life insurers to apply a compulsory tariff to property and motor policies.
Indonesias non-life segment accounted for 27.8% of the industry's gross written premium in 2015.
The gross written premium of the Indonesian non-life segment increased at a review-period CAGR of 13.8%. Growth in the non-life segment can be attributed to the countrys steady economic growth and stable political environment.
In December 2014, the regulator proposed to make it mandatory for insurers to cede 25% of business generated to the local reinsurers. However, for classes such as motor and cargo it was 100% to local reinsurers.
At the end of 2015, there were 76 insurers operating in Indonesian non-life segment. The 10 leading insurers accounted for 55.2% of the segments gross written premium in 2014.