Indonesia Non-Life Insurance Market to 2027
Summary
Non-Life Insurance in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Indonesian non-life insurance market had total gross written premiums of $5.1 billion in 2022, representing a compound annual growth rate (CAGR) of 6.7% between 2017 and 2022.
- The property segment accounted for the market's largest proportion in 2022, with total gross written premiums of $1.7 billion, equivalent to 32.9% of the market's overall value.
- Indonesia is one of the most susceptible countries to climate change and is seeing increasingly erratic monsoon seasons with heavier precipitation, supporting the demand for insurance from the property segment of the market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Indonesia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Indonesia
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Indonesia non-life insurance market with five year forecasts
- What was the size of the Indonesia non-life insurance market by value in 2022?
- What will be the size of the Indonesia non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Indonesia non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Indonesia's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. PT Asuransi Kredit Indonesia
- 8.2. PT Asuransi Astra Buana
- 8.3. PT. Tugu Pratama Indonesia
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Indonesia non-life insurance market value: $ billion, 2017–22
- Table 2: Indonesia non–life insurance market category segmentation: % share, by value, 2017–2022
- Table 3: Indonesia non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Indonesia non–life insurance market geography segmentation: $ billion, 2022
- Table 5: Indonesia non-life insurance market value forecast: $ billion, 2022–27
- Table 6: PT Asuransi Kredit Indonesia: key facts
- Table 7: PT Asuransi Kredit Indonesia: Key Employees
- Table 8: PT Asuransi Kredit Indonesia: Key Employees Continued
- Table 9: PT Asuransi Sinar Mas: key facts
- Table 10: PT Asuransi Astra Buana: key facts
- Table 11: PT Asuransi Astra Buana: Key Employees
- Table 12: PT. Tugu Pratama Indonesia: key facts
- Table 13: PT. Tugu Pratama Indonesia: Key Employees
- Table 14: Indonesia size of population (million), 2018–22
- Table 15: Indonesia gdp (constant 2005 prices, $ billion), 2018–22
- Table 16: Indonesia gdp (current prices, $ billion), 2018–22
- Table 17: Indonesia inflation, 2018–22
- Table 18: Indonesia consumer price index (absolute), 2018–22
- Table 19: Indonesia exchange rate, 2018–22
- List of Figures
- Figure 1: Indonesia non-life insurance market value: $ billion, 2017–22
- Figure 2: Indonesia non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Indonesia non–life insurance market geography segmentation: % share, by value, 2022
- Figure 4: Indonesia non-life insurance market value forecast: $ billion, 2022–27
- Figure 5: Forces driving competition in the non-life insurance market in Indonesia, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Indonesia, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Indonesia, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Indonesia, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Indonesia, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Indonesia, 2022
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