Indonesia insurance industry

Indonesia Insurance IndustryBharatbook from its exhaustive collection has come out with a report " IndonesiaInsurance Industry " which gives an overview, Demand, Supply Trends and industryanalysis reports.Scope* Industry Profile – Overview of the Indonesia Insurance Industry, statistics of peoplewith life insurance, inflation trend graph of Indonesia, size of the insurance industry,number of insurance companies, total assets and investments of the Indonesia insuranceindustry (including the life,non-life, reinsurance, social insurance program&workers’social security, insurance for civil servants&armed forces), growth trend of the insuranceindustry, performance of the industry, gross premiums and claims of all business lines,net premium of non-life insurance and reinsurance business, retention ratio of theIndonesia insurance industry.* Market Trends and Outlook –Impact of minimum capital requirement and minimumsolvency requirement on the insurance companies, number of insurers license revokeddue to the requirements set by the Ministry of Finance(MoF), prospects and developmentof the Indonesia insurance industry, potential of Islamic Insurance industry/TakafulIndustry in Indonesia, market entry requirements for the foreign insurance companies.* Leading players & Comparative Matrix - Company profiles of leading industry players,performance, company key financials, major developments and SWOT analysis ofcompetitors.* Companies mentioned: PT Asuransi Allianz Utama Indonesia(Allianz), PT AsuransiSinar Mas (Sinar Mas), PT Panin Life Tbk(Panin) http://www.bharatbook.com/market-research-reports/insurance-market-research-report/indonesia-insurance-industry.htmlReasons to buy* Get market insights and intelligence of the Indonesia Insurance Industry for businessplanning, strategy formulation, academic and consulting purpose.* Identify business, joint venture, merger and acquisition, partnership, trading, foreigndirect investment opportunities in the Indonesia Insurance Industry.* Understand your competitors and competitive landscape based on the detailed SWOTanalysis and major developments provided business credit reportHighlights of the report* Total assets for life insurance peaked at IDR90,688.1bn in the year 2008, a decrease of1.13% from the prior year. Non-life insurance had accumulated total assets amounting toIDR 22,734.9bn, achieving a growth rate of 19.27% Y-o-Y.* Because non-life insurance usually involves short-term contracts, time deposits are ahigher proportion of the investment portfolio for non-life insurance than for life insurancecompanies, amounting to 46.5% in 2008.* For instance, Taiwan and the Philippines have the ratio of 47.5% and 53.4%respectively. Indonesia’s low ratio is a result of the industry’s low equity and therefore, itis only able to retain a small portion of their gross premium generated.

* Firms must also meet specific minimum solvency requirement. The MoF has set acondition that insurance companies must maintain their Risk Based Capital (RBC) at aminimum of 120%. 14 insurance companies had their licence revoked by the IndonesianGovernment as they were unable to fulfill the requirement.* In 2009, Sinar Mas attained growth in its underwriting result, which reached IDR 190bn, an increase of 16.5% when compared to the previous year.SummaryID Insurance provides an overview of the insurance sector in Indonesia and its size,performance and value. Next to India and China, Indonesia represents one of the largestpotential insurance markets in Asia. The country’s 13,000 islands are home to more than210mn people, out of which only less than 10% have life insurance.This report also comprises the market trends and outlook of the insurance industry inIndonesia. Among others, the reports look at the regulatory issues, sharia products andforeign insurers in Indonesia.Also, this report includes the leading players in this industry as well as their financialhighlights and SWOT analysis. Indonesia’s major insurance players include PT AsuransiAllianz Utama Indonesia, PT Asuransi Sinar Mas and PT Panin Life Tbk.For more information kindly visit :Indonesia Insurance IndustryOrBharat Book BureauTel: +91 22 27810772 / 27810773Fax: + 91 22 27812290Email: info@bharatbook.comWebsite: www.bharatbook.comFollow us on twitter: http://twitter.com/#!/Sandhya3BIndonesia, Insurance, Industry, Finance, Market Research Reports

Indonesia insurance industry

by Bharat Book Bureau, Navi Mumbai

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