Recently released market study: Indonesia Insurance Report Q1 2011

Dec. 17, 2010 - PRLog -- In this report, we have been able to include final data for 2009 and to amend projections for the current year. We are looking for total premiums in 2010 of IDR112,160,731mn. This includes non-life premiums of IDR33,672,617mn and life premiums of IDR78,488,114mn. In 2015, the corresponding figures should be IDR332,773,415mn, IDR88,239,220mn and IDR244,534,195mn. In terms of the key drivers that underpin our forecasts, we are looking for non-life penetration to rise from 0.54% of GDP in 2010 to 0.79% in 2015, and for life density to increase from US$35 per capita to US$115. BMI's proprietary Insurance Business Environment Rating for Indonesia is 53.7.

As in previous quarters, we have ranked major players in each of the two main insurance segments as they are seen by the organisation providing the data (which, in practice, is usually the regulator or the trade association). In Indonesia, the three largest non-life companies - in terms of gross written premiums written - were PT Asuransi Jasa Indonesia, PT Asuransi Sinar Mas and PT Asuransi Astra Buana, whose market shares were 10.3%, 10.2% and 7.3%, respectively in 2009. In the life segment, the leaders were PT Asuransi Jiwa Mega Life, PT Asuransi Jiwa Sinar Mas and PT Prudential Life Insurance, whose market shares were 17.2%, 15.5% and 10.5%, respectively. Over time, we hope to derive insights from observing how market shares change. We emphasise, though, that a decline in share of gross written premiums is not automatically a negative indicator, and indeed is often the result of a deliberate corporate decision to focus on more profitable business lines.

In this report, we also provide a breakdown of the insurance sector by line - again, from the point of view of the regulator or the trade association. The largest non-life lines were property, motor and marine cargo. These accounted for 33.9%, 28.6% and 7.3% of total non-life premiums respectively. Over time, we should be able to use this information to bring greater sophistication to our forecasting process.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/100860_indonesia_insurance_rep...

Report Table of Contents:

Executive Summary
- Table: Overview Of Indonesia's Insurance Sector
- Key Insights On Indonesia's Insurance Sector
SWOT Analysis
- Indonesia Insurance Industry SWOT
- Indonesia Political SWOT
- Indonesia Economic SWOT
- Indonesia Business Environment SWOT
What Might Have Been: Prudential's Acquisition Of AIA
- The Deal That Never Was
- Tale: AIA - Key Facts
- Table: AIA's Market Positions
- Table: What The Combined Group Would Have Looked Like - Latest Rankings In Asia Pacific Life Insurance
- Table: Asia Highlights Of Prudential plc's 2009 Annual Report
- Table: Prudential plc's New Business In Annualised Premium Equivalent, 2009
- Table: Global Life Insurance Profitability - Selected Figures
- Table: Who's Who - Life Insurance Joint Ventures And Businesses In India And China
Asia Pacific Market Overview
- Table: Premium's In Asia Pacific's Non-Life Segment (US$mn)
- Table: Premiums In Asia Pacific's Life Segment (US$mn)
Islamic Insurance Overview
Projections And Forecasts
- Table: Insurance Premiums, 2007-2015
- Projections And Drivers of Growth
- Table: Growth Drivers, 2007-2015
Country Update
- Macroeconomic Outlook
- Table: Indonesia Economic Activity, 2007-2014
- Domestic Politics
- Foreign Policy
- Long-Term Political Outlook
Insurance Business Environment Ratings
- Table: Indonesia's Insurance Business Environment Rating
- Table: Asia Pacific Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2009
- Table: Life Premiums In A Regional Context, 2009
Major Players In Indonesia's Insurance Sector
- Table: Principal Non-Life Insurance Lines - Gross Written Premiums, 2008 (IDRmn)
- Table: Non-Life Companies By Gross Written Premiums, 2008 (IDRmn)
- Table: Principal Life Insurance Lines - Gross Written Premiums, 2008 (IDRmn)
- Table: Life Companies By First Year Gross Written Premiums, 2008 (IDRmn)
- Table: Life Companies By Continuance Gross Written Premiums, 2008 (IDRmn)
Analysis Of Regional Competitive Conditions
Company Profiles
- Local Company Profiles
- Bumiputera 1912
- Jasa Indonesia (Jasindo)
- Jasa Raharja
- Jiwasraya
- Jiwa Sequis Life
- Sinar Mas
- Tugu Pratama
- Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA
- Cardif
- Ageas
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.