Trends and Opportunities in the Indonesian Non-Life Insurance Industry to 2016
The Indonesian non-life insurance market grew at a healthy rate during the review period (2007–2011). This growth was supported by the country’s positive GDP growth prospects, rising disposable income levels and increasing demand for residential and commercial properties. Despite the healthy growth, Indonesia has one of the most underdeveloped non-life insurance segments in the Southeast Asian countries. Non-life insurance contributes only XX% of Indonesia’s total written premiums as a percentage of GDP, which is relatively low compared to the average...
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