Exist in the Life Insurance Industry Crisis : http://rri.co.id/post/berita/196589/ekonomi/industri_asuransi_jiwa_eksis_di_tengah_krisis.html/3 September 2015
The life insurance industry managed to record positive growth amid slowing economic growth.
Report of the Indonesian Life Insurance Association (AAJI) regarding the performance development of the life insurance industry in Indonesia in the second quarter of 2015 mentions, total premium income of the life insurance industry increased by 26.6% from Rp.53.58 trillion in the second quarter of 2014 to Rp.67.82 kdua quarter trillion in 2015. The increase in total premium income was influenced by growth in new business premiums of 28.2% and a further premium of 24.4%.
"The condition of the national economy weakened and the stock market turmoil in the second quarter of this year, have an impact on national industries, including life insurance industry. However, we are grateful to the life insurance industry still posted a positive performance," said Chairman AAJI, Hendrisman Ramim in the exposure of industry performance Life insurance in the House AAJI, Jakarta, Thursday (09/03/2015).
"It shows people still believed life insurance, and increased public awareness of the importance of financial planning in the future," continued Hendrisman.
The Development of Banking Industry This Year is Better: http://finansial.bisnis.com/read/20170717/90/672337/perkembangan-industri-perbankan-tahun-ini-dinilai-lebih-baik-/17 July 2017
The banking industry in 2017 shows an indication that the economy is moving better than in 2016. This can be seen from the increase of Third Party Funds (DPK) collected by banks. The rebound occurred since September 2016 and showed an upward trend until May 2017 that grew above the 10% level, after earlier showing a downward trend from January 2014. This was conveyed by Chief Economist of PT Bank CIMB Niaga, Adrian Panggabean.
This increase is in line with the increasing labor market. An increase in the labor market is also correlated with the goods market. An increase in the output of the goods market also means that production activities in the country are increasing.
On the other hand, the movement of loan charts also experienced conditions similar to those of DPK. Loan growth occurred in September 2016 and continues to rise near the 10% level in May 2017, after earlier showing a downward trend since January 2014. This also indicates that the economy is quite increased compared to two-three years ago.
Life Insurance in Indonesia
Indonesia Industry Report and Market Research
March 16, 2018
Industry Code : K81411
Forecast to : 2022
Definition
Life Insurance in Indonesia This class consists of insurance enterprises that specifically handle the risk of death, accident or sickness; and also includes old age / future pensions for the insured party with an insurance value fixed and agreed to by the parties included in the contract.
Activities
The primary activities of firms in this industry are:
The Life 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.
