Country Profile

Indonesia

Still a star attraction in Asia

Indonesia continues to be regarded still as one of the most attractive insurance markets in the region, given its low insurance penetration, a large but relatively young population and fast economic growth. And the insurance sector is thriving with good growths in life and general insurance. There are many reasons for optimism – the government is increasing insurance awareness and the long-term growth driver in the ASEAN Economic Community (AEC). But they come with many challenges too – increasing CAT losses, shifting demographics and consumer behaviour amongst others.

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Non-life: Aiming high

Indonesia’s insurance prospects is still good, having all the salient factors for growth – low insurance penetration, large but relatively young population, fast economic growth and a need for CAT protection. Mr Clarence Wong, and Ms Adeline Chua of Swiss Re give an overview of the country’s non-life sector.

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Life insurance: What it takes to win

Indonesia is arguably the world’s most attractive life insurance market. But carrier performance varies widely. What do winners do differently? Mr Guillaume de Gantes of McKinsey & Company shares his insights.

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Magazine

Oct 2016

Contents

Magazine Table of Contents

Country Profile

Indonesia

Still a star attraction in Asia

Non-life: Aiming high

Life insurance: What it takes to win

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