Recently published research from Business Monitor International, "Indonesia Insurance Report Q1 2013", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 03/08/2013 -- Key Insights And Key Risks
The Indonesia Insurance Report considers the prospects for both life and non-life insurers in the country. As 2012 comes to a close, it remains clear that Indonesia is home to one of the most dynamic and exciting insurance sectors worldwide. A favourable economic environment has combined with growth in the numbers of households who can afford insurance and who understand its benefits - in a country notorious for its vulnerability to natural catastrophes. This is at a time that companies in both major segments are being innovative in terms of their products and the ways in which those products are being distributed. As is the case in other parts of the region, leading players are leveraging bancassurance relationships and affinity marketing - but are working hard to improve the productivity of networks of agents (be they tied or independent).
View Full Report Details and Table of Contents
There are not many life insurance markets in the world where the leading life company achieved growth in gross written premiums of over 40% in H112. The growth in the life segment is clearly being boosted by the trust that Indonesian households and businesses are demonstrating in the local subsidiaries of major global/regional groups. Nonetheless, it appears that the larger local life companies are also progressing well by many metrics.
In the non-life segment, the key development over the last few months is that non-life penetration has stopped falling. The growth of domestic demand generally, and in sales of new cars (if not motorcycles) means that premiums have no longer been constrained by the (still considerable) competitive pressures. Looking forward, we expect that major foreign players will drive the consolidation of what is a fragmented marketplace.
Over the last quarter, BMI has made the following changes:
- The company profiles have been comprehensively rewritten and, in many cases, include comments published from August 2012 in relation to operations in H112 and Q312.
- The latest forecasts and projections for Indonesia's economy, along with key aspects such as healthcare spending, have been incorporated.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- India Insurance Report Q1 2013
- Hong Kong Insurance Report Q1 2013
- Argentina Insurance Report Q1 2013
- Brazil Insurance Report Q1 2013
- Russia Insurance Report Q1 2013
- Mexico Insurance Report Q1 2013
- Czech Republic Insurance Report Q1 2013
- Romania Insurance Report Q1 2013
- China Insurance Report Q1 2013
- Hungary Insurance Report Q1 2013