Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Oct 2024

Market Profile


Indonesia

Indonesia: Reinsurers improve stability and sustainability

After a trying few years which featured large claim payouts on the part of reinsurers, Indonesia’s reinsurance industry is looking to improve its stability and sustainability.
 


Healthcare inflation and low private cover widen Indonesian protection gap

The life insurance industry in Indonesia has evolved in response to the increasing and diverse needs of customers, particularly for health insurance. As the cost of healthcare rises, customers need additional health protection from private insurers.
 


Indonesian life set for growth amid rising middle class

Indonesia’s life insurance industry holds immense potential, fuelled by a growing middle class and rising insurance literacy.
 

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General insurance is driving Indonesia sector growth

Despite low penetration and predisposition to Nat CAT, Indonesia’s general insurance industry is on the right track.
 

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Indonesia's low insurance penetration conundrum

Indonesia’s insurance industry faces significant challenges in market penetration at 1.4% which is comparatively low compared to the ASEAN regional average of 4%.
 

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