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 :
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.