Summary
Non-Life Insurance in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). 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 2017 annual average exchange rates.
- The Indonesian non-life insurance market had total gross written premiums of $4.6bn in 2017, representing a compound annual growth rate (CAGR) of 9% between 2013 and 2017.
- The property segment was the market's most lucrative in 2017, with total gross written premiums of $1.3bn, equivalent to 27.5% of the market's overall value.
- Indonesia’s automobile industry has great growth potential but is significantly small considering its population, recording 56 cars per 1000 people in 2016, according to Statistics Indonesia figures. In comparison, the EU average was 587 cars that same year, according to the European Automobile Manufacturers' Association (ACEA), which had a knock-on impact on motor insurance.
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 2017?
- What will be the size of the Indonesia non-life insurance market in 2022?
- 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?
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Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 20
Degree of rivalry 21
Leading Companies 23
PT. Tugu Pratama Indonesia 23
PT Asuransi Adira Dinamika 26
PT Asuransi Dayin Mitra Tbk 30
PT. Asuransi ASEI Indonesia 34
Macroeconomic Indicators 35
Country data 35
Methodology 37
Industry associations 38
Related MarketLine research 38
Appendix 39
About MarketLine 39
List of Tables
Table 1: Indonesia non-life insurance market value: $ billion, 2013–17
Table 2: Indonesia non–life insurance market category segmentation: $ billion, 2017
Table 3: Indonesia non–life insurance market geography segmentation: $ billion, 2017
Table 4: Indonesia non-life insurance market share: % share, by value, 2017
Table 5: Indonesia non-life insurance market value forecast: $ billion, 2017–22
Table 6: PT. Tugu Pratama Indonesia: key facts
Table 7: PT. Tugu Pratama Indonesia: key financials ($)
Table 8: PT. Tugu Pratama Indonesia: key financial ratios
Table 9: PT Asuransi Adira Dinamika: key facts
Table 10: PT Asuransi Adira Dinamika: key financials ($)
Table 11: PT Asuransi Adira Dinamika: key financials (IDR)
Table 12: PT Asuransi Adira Dinamika: key financial ratios
Table 13: PT Asuransi Dayin Mitra Tbk: key facts
Table 14: PT Asuransi Dayin Mitra Tbk: key financials ($)
Table 15: PT Asuransi Dayin Mitra Tbk: key financials (IDR)
Table 16: PT Asuransi Dayin Mitra Tbk: key financial ratios
Table 17: PT. Asuransi ASEI Indonesia: key facts
Table 18: Indonesia size of population (million), 2013–17
Table 19: Indonesia gdp (constant 2005 prices, $ billion), 2013–17
Table 20: Indonesia gdp (current prices, $ billion), 2013–17
Table 21: Indonesia inflation, 2013–17
Table 22: Indonesia consumer price index (absolute), 2013–17
Table 23: Indonesia exchange rate, 2013–17
List of Figures
Figure 1: Indonesia non-life insurance market value: $ billion, 2013–17
Figure 2: Indonesia non–life insurance market category segmentation: % share, by value, 2017
Figure 3: Indonesia non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: Indonesia non-life insurance market share: % share, by value, 2017
Figure 5: Indonesia non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in Indonesia, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in Indonesia, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in Indonesia, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2017
Figure 12: PT. Tugu Pratama Indonesia: revenues & profitability
Figure 13: PT. Tugu Pratama Indonesia: assets & liabilities
Figure 14: PT Asuransi Adira Dinamika: revenues & profitability
Figure 15: PT Asuransi Adira Dinamika: assets & liabilities
Figure 16: PT Asuransi Dayin Mitra Tbk: revenues & profitability
Figure 17: PT Asuransi Dayin Mitra Tbk: assets & liabilities
