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Insurance losses and grow increasingly in demand: http://www.takafulumum.co.id/index.php/in/berita-terkini/225-asuransi-kerugian-semakin-laris-dan-bertumbuh, 17 December 2012


Greater awareness of insurance from year to year, the total premium income of the general insurance industry or a loss of Rp.28.96 trillion as of the third quarter of 2012, growing 14.4% compared to the same period last year. There is new hope on property insurance, motor vehicle and health insurance and personal accident.

Budi Herawan, Statistics Division Head of General Insurance Association of Indonesia (AAUI), said third growth flagship product is very convincing. Property insurance premiums reached Rp.7.9 trillion, growing by 17.9%. "In nominal growth is also the largest property insurance, Rp.1.2 trillion," said Budi, last weekend.

Property insurance premium growth was encouraging, given the tariff war. Jib, buying trends credits apartments, and construction of malls in big cities. As a result, the market share of the total property insurance premiums insurance industry also increased to 28%.
Indonesia Re Expects General Insurance to Increase Double Digits: http://keuangan.kontan.co.id/news/indonesia-re-harapkan-asuransi-umum-naik-dua-digit/8 December 2017


PT Reasuransi Indonesia Utama (Indonesia Re) expects the movement of the general insurance industry to grow faster because this is directly proportional to the movement of the reinsurance industry. President Director of Indonesia Re, Frans Sahusilawane said it is hoping the movement of premium growth of the insurance industry to move double digits.

Data from the General Insurance Association of Indonesia (AAUI), until the third quarter of 2017, the insurance industry's premium growth was at 2.8% with nominal Rp.4.4 trillion, up Rp.1.2 trillion compared to last year. While the reinsurance premiums rose 13% to Rp.8.35 trillion. In the same position last year, the reinsurance premium recorded a nominal value of Rp.7.39 trillion.
 

General Insurance in Indonesia
Indonesia Industry Report and Market Research
April 29, 2024
Industry Code : K81412
Forecast to : 2028

Definition
General Insurance in Indonesia This class consists of insurance enterprises that specifically handle the risk of financial loss, loss or damage to property/articles (motor vehicles, fire, marine cargo, comprehensive household, etc.).
Activities
The primary activities of firms in this industry are :
- Accident Insurance Provisions.
- Fire Insurance Provisions.
- Marine Cargo Insurance Provisions.
- Marine Hull Insurance Provisions.
- Personal Accident Insurance Provisions.
- Aviation Insurance Provisions.
- Mortgage Insurance.
- Motor Vehicle Insurance.
- Owner's Liability Insurance.
- Travel Insurance Provisions.
- Worker's Compensation Insurance Provisions.
- Surety Bonds.
- Custom Bonds.
PT. Dataindo Inti SwakarsaTelp : (62 - 21) 719 3832
3rd Floor, Gapura Raya BuildingTelp : (62 - 21) 719 3834
Jl. Bangka Raya No. 4, Pela Mampang Email : info@disb2b.com
Jakarta 12720, Indonesia
Chapter Headings US $ Select All
Industry Outlook 60.50
Key Statistics 60.50
Market Characteristics 36.30
Segmentation 36.30
Industry Conditions 60.50
Industry Performance 60.50
Key Competitors 60.50
Key Factors 27.50
News
General Insurance Premiums Predicted to Grow One Digit in 2018, This is The Cause 0.39
AAUI 0.39
AAUI Projects General Insurance Industry Premiums Can Reach 5 Percent in 2022 0.39
Insurance Industry Growth in 2015 is estimated Rises 0.39
General Insurance Premiums Increase 15.3% throughout 2023, Supported by Engineering 0.39
General insurance industry premium growth of more bright 0.39
Contribution of Insurance Industry Remains Low 0.39
Astra Cares for Situ Gintung 0.39
Foreign Companies Still Have Eye for Indonesian Insurance 0.39
AIU Targets Retail Premium to Reach Rp.420 Billion 0.39
CIU Takes Responsibility for Indonesia Air Transport 0.39
Nasional Re Books Rp.196 Billion Premium 0.39
Kasnic Gives BBB- CPA Rating to Askrida 0.39
Asei Pays Rp.20 Billion Claim 0.39
Growth of General Insurance Predicted to be Less than 10 Percent 0.39
Tugu Expands Market Segment to Include Corporate Non-Oil/Gas 0.39
ABDA'S Profit Slightly Grew 0.39
Asuransi Harta Premium Up 20 Percent 0.39
Jaya Proteksi Adds Rp.10 Billion to Capital 0.39
Asuransi Sinar Mas Pays Rp.2 Billion Claim for 'Grey February' Incident in Manado 0.39
Asuransi AXA Indonesia Holds AXA Hearts in Action 0.39
Asuransi Sinar Mas Pays Ridho's Motor Fire Claim 0.39
TPI Waits for Hong Kong Branch Balance Sheet 0.39
Lippo General's Distributes 17.89 Percent Dividend 0.39
Lippo Insurance Divides Dividend for Rp.25 Per Share 0.39
Sinar Mas Co-operates with 12 Real Estate Companies 0.39
Bumida Aims to Obtain Rp.230 Billion in Premium 0.39
Jasindo Targets Haj Insurance Market to Rise 0.39
Bintang's Terrorism Premium Reaches Rp.40 Billion 0.39
Jasindo Participates in the Angkasa Pura Tender 0.39
Raksa Pratikara Propels Non-Automotive Insurance 0.39
TPI Continues to Focus in Corporate Sector 0.39
Syariah Insurance Market Rp.780 Billion in 2006 0.39
Jasindo to Settle Pilgrimage Insurance Claim, Bisnis Indonesia, 3 February 2006, page B4 0.39
AIA Indonesia Propels Premium from Unit-linked Products 0.39
Islamic Based Insurance Company Competition Beginning to Get Fierce 0.39
Only 55 Insurance Companies Able to Fulfill Rp.50 Billion Capital 0.39
AIU Targets Higher Premium 0.39
HSBC and AIU Work on Corporate Clients 0.39
Askrida Aims to Attain Rp.185 Billion Premium 0.39
Asuransi Magna Lists Shares in JSX 0.39
Jasa Tania Books 30 Percent Premium Growth 0.39
Asuransi Bintang’s Profit Boosts 0.39
Jasindo Aims at Rp.1.97 Trillion 0.39
Reassurance's Emergency Decision to be Revoked 0.39
Wahana Tata Ready to Pay Off Lafarge's Claim 0.39
Surety Bond Awaits Government Project 0.39
Insurance Consolidation Needs Tax Incentive 0.39
CIU and Marsh Take Responsibility for Mandala's Insurance 0.39
Permata Bank Implements Car Ownership Credit Business Strategy 0.39
AXA Intends to Take Over Other Insurance Companies 0.39
Insurance Industry Structuring Starts 2008 0.39
LG Insurance Projects to Obtain Rp.118 Billion Premium 0.39
Raksa Pratikara Aims to Obtain Rp.450 Billion Premium Income 0.39
Bumida Aims to Obtain 10 Percent Premium from Medical Lawsuit Insurance 0.39
PT. Asuransi Umum Bumiputeramuda 1967 to Increase Premium Income by 35 Percent 0.39
Impact of Tsunami on Insurance Industry 0.39
Indonesian Financial Figures 0.39
Demand for Terrorism Policy Rises 0.39
Adira Insurance Receives 'Excellent' Predicate from Info Bank Magazine 0.39
Bank Buana Releases Ownership 0.39
Asuransi Jasa Tania Accumulates Rp.15 billion 0.39
The Establishment of Syariah Insurance Association 0.39
Asuransi Prisma Starts Operating in Corporate Sector 0.39
Tender Warranty Issued by Insurance Industry Becomes Main Option for Construction Company 0.39
Berdikari Insurance Company Targets to Become One of the Ten Largest General Insurance Company 0.39

Report Content

The General Insurance industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.

Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.

The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.


KEY STATISTICS 2019 2020 2021 2022 2023
Industry Revenue 107,942 104,367 131,689 158,085 169,151 Rp.Billion
Industry Gross Product 7,016 6,784 8,560 10,276 10,995 Rp.Billion
Number of Establishments 110 120 130 130 130 Units
Employment 109,600 101,200 85 81,000 85,400 Units
Exports 2,856 3,457 6,481 6,521 7,820 Rp.Billion
Imports 10,926 10,899 25,482 30,419 35,880 Rp.Billion
Total Wages 1,425 1,316 1,114 1,010 1,109 Rp.Billion
Domestic Demand 116,012 111,809 150,690 181,983 197,211 Rp.Billion
The data above is sample data only

COST STRUCTURE % OF SALES COST STRUCTURE % OF SALES
Cost of Goods Sold 67.13 Gross Profit 32.87
Operating Expense 21.5 Profit (Loss) Before Tax 11.36
Administration 1.58 Depreciation 0.56
Electricity 0.66 Freight 1.99
Fuel, Parking, Toll & Retribution 1.62 Interest 3.09
Land and Building Rental 2.74 Marketing 2.69
Repairs and Maintenance 0.54 Service Fee 0.7
Staff Welfare Allowance 1.38 Other Expenses 0.92
Stationery & Inventory 0.48 Telephone 0.8
Utensils and Equipment 1.24 Wages and Salaries 0.5
The data above is sample data only

ESTABLISHMENTS IN (%) ESTABLISHMENTS IN (%)
Central Java 13.4 DKI Jakarta 6.5
East Java 22.4 North Sumatra 17.9
Papua 2.0 Bali 3.0
South Sulawesi 6.0 West Java 28.8
The data above is sample data only
TOTAL PRICE (US$)(RP)
Price 500.008.250.000
Payment Method
Credit Card
Bank Transfer in US$
Bank Transfer in RP
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Table of Contents
About this Report
Outlook
Key Statistics
Segmentation
Market Characteristics
Industry Conditions
Key Factors
Key Competitors
Industry Performance