Life Insurance in Indonesia, Key Trends and Opportunities to 2019

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Date: 11-Sep-2015
No. of pages: 179
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Synopsis

Timetric's 'Life Insurance in Indonesia, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Indonesian life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Indonesia's economy and demographics, and provides detailed information on the country's competitive landscape.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary

Timetric's 'Life Insurance in Indonesia, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Indonesian life insurance segment, including:

• The Indonesian life insurance segment's growth prospects by life insurance category

• Key trends, drivers and challenges for the life insurance segment

• A comprehensive overview of Indonesia's economy and demographics

• The various distribution channels in the Indonesian life insurance segment

• Details of the competitive landscape in the life insurance segment in Indonesia

• Details of regulatory policy applicable to the Indonesian insurance industry

Scope

This report provides a comprehensive analysis of the life insurance segment in Indonesia:

• It provides historical values for the Indonesian life insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

• It offers a detailed analysis of the key categories in the Indonesian life insurance segment, and market forecasts to 2019.

• It analyzes the various distribution channels for life insurance products in Indonesia.

• It profiles the top life insurance companies in Indonesia, and outlines key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Indonesian life insurance segment and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Indonesian life insurance segment.

• Assess the competitive dynamics in the life insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Indonesian insurance industry, and their impact on companies and the industry's future.

Key Highlights

• Life insurance in Indonesia accounted for 64.2% of the insurance industry's total gross written premium in 2014.

• This growth was mainly generated from the strong performance of individual life products, such as general annuity, endowment and term life insurance.

• Endowment insurance was the largest category, with 38.7% of the life insurance gross written premium in 2014.

• The Indonesian insurance industry underwent a series of regulatory changes during the review period.

• Agencies were the leading distribution channel in the Indonesian life insurance segment in 2014, accounting for 47.2% of the life new business gross written premium.

• The Indonesian life insurance segment is moderately concentrated, with the top 10 insurers accounting for 77.4% of the life gross written premium in 2013.

Life Insurance in Indonesia, Key Trends and Opportunities to 2019

Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual general annuity insurance
5.5.3 Individual pension insurance
5.5.4 Individual endowment insurance
5.5.5 Individual term life insurance
5.5.6 Other individual life insurance
5.6 Life Insurance Growth Prospects by Product Type
5.6.1 Total linked insurance business
5.6.2 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Bancassurance
6.2 Agencies
6.3 Other Channels
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Indonesian Life Insurance Segment
7.2.1 PT Prudential Life Assurance - company overview
7.2.2 PT Asuransi Jiwa Sinar Mas MSIG - company overview
7.2.3 PT Asuransi Allianz Life Indonesia - company overview
7.2.4 PT Asuransi Jiwa Manulife Indonesia - company overview
7.2.5 PT Indolife Pensiontama - company overview
7.2.6 PT Asuransi Jiwasraya (Persero) - company overview
7.2.7 PT Axa Mandiri Financial Services - company overview
7.2.8 Asuransi Jiwa Bersama Bumiputera 1912 - company overview
7.2.9 PT AIA Financial Indonesia (PT AIG) - company overview
7.2.10 PT Asuransi Jiwa Adisarana WanaArtha - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Workmen compensation insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Financial Services Authority (OJK)
8.5.3 The General Insurance Association of Indonesia (Asosiasi Asuransi Umum Indonesia - AAUI)
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Appendix
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Indonesian Life Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Indonesian Government Credit Ratings
Table 4: Indonesian Life Insurance - Gross Written Premium by Category (IDR Billion), 2010-2014
Table 5: Indonesian Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 6: Indonesian Life Insurance - Gross Written Premium by Category (IDR Billion), 2014-2019
Table 7: Indonesian Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 8: Indonesian Life Insurance - New Business Direct Written Premium (IDR Billion), 2010-2014
Table 9: Indonesian Life Insurance - New Business Direct Written Premium (IDR Billion), 2014-2019
Table 10: Indonesian Life Insurance - Net Earned Premium (IDR Billion), 2010-2014
Table 11: Indonesian Life Insurance - Net Earned Premium (IDR Billion), 2014-2019
Table 12: Indonesian Life Insurance - Sum Assured (IDR Billion), 2010-2014
Table 13: Indonesian Life Insurance - Sum Assured (IDR Billion), 2014-2019
Table 14: Indonesian Life Insurance - Paid Claims (IDR Billion), 2010-2014
Table 15: Indonesian Life Insurance - Paid Claims (IDR Billion), 2014-2019
Table 16: Indonesian Life Insurance - Incurred Loss (IDR Billion), 2010-2014
Table 17: Indonesian Life Insurance - Incurred Loss (IDR Billion), 2014-2019
Table 18: Indonesian Life Insurance - Number of Policies per Capita, 2010-2014
Table 19: Indonesian Life Insurance - Number of Policies per Capita, 2014-2019
Table 20: Indonesian Life Insurance - Commissions and Expenses (IDR Billion), 2010-2014
Table 21: Indonesian Life Insurance - Commissions and Expenses (IDR Billion), 2014-2019
Table 22: Indonesian Life Insurance - Net Written Premium (% of GWP), 2010-2014
Table 23: Indonesian Life Insurance - Net Written Premium (% of GWP), 2014-2019
Table 24: Indonesian Life Insurance - Renewal Business Direct Written Premium (IDR Billion), 2010-2014
Table 25: Indonesian Life Insurance - Renewal Business Direct Written Premium (IDR Billion), 2014-2019
Table 26: Indonesian Life Insurance - Total Assets (IDR Billion), 2010-2014
Table 27: Indonesian Life Insurance - Total Assets (IDR Billion), 2014-2019
Table 28: Indonesian Life Insurance - Total Investment Income (IDR Billion), 2010-2014
Table 29: Indonesian Life Insurance - Total Investment Income (IDR Billion), 2014-2019
Table 30: Indonesian Life Insurance - Net Written Premium (IDR Billion), 2010-2014
Table 31: Indonesian Life Insurance - Net Written Premium (IDR Billion), 2014-2019
Table 32: Indonesian Individual Life Insurance - Gross Written Premium by Category (IDR Billion), 2010-2014
Table 33: Indonesian Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 34: Indonesian Individual Life Insurance - Gross Written Premium by Category (IDR Billion), 2014-2019
Table 35: Indonesian Individual Life Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
Table 36: Indonesian Individual Life Insurance - Direct Written Premium by Category (IDR Billion), 2010-2014
Table 37: Indonesian Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 38: Indonesian Individual Life Insurance - Direct Written Premium by Category (IDR Billion), 2014-2019
Table 39: Indonesian Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 40: Indonesian Individual Life Insurance - Policies by Category (Thousand), 2010-2014
Table 41: Indonesian Individual Life Insurance - Policies by Category (Thousand), 2014-2019
Table 42: Indonesian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 43: Indonesian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 44: Indonesian Individual Whole Life Insurance - Direct Written Premium (IDR Billion), 2010-2014
Table 45: Indonesian Individual Whole Life Insurance - Direct Written Premium (IDR Billion), 2014-2019
Table 46: Indonesian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2010-2014
Table 47: Indonesian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2014-2019
Table 48: Indonesian Individual General Annuity Insurance - Direct Written Premium (IDR Billion), 2010-2014
Table 49: Indonesian Individual General Annuity Insurance - Direct Written Premium (IDR Billion), 2014-2019
Table 50: Indonesian Individual Pension Insurance - Number of Active Policies (Thousand), 2010-2014
Table 51: Indonesian Individual Pension Insurance - Number of Active Policies (Thousand), 2014-2019
Table 52: Indonesian Individual Pension Insurance - Direct Written Premium (IDR Billion), 2010-2014
Table 53: Indonesian Individual Pension Insurance - Direct Written Premium (IDR Billion), 2014-2019
Table 54: Indonesian Individual Endowment Insurance - Number of Active Policies (Thousand), 2010-2014
Table 55: Indonesian Individual Endowment Insurance - Number of Active Policies (Thousand), 2014-2019
Table 56: Indonesian Individual Endowment Insurance - Direct Written Premium (IDR Billion), 2010-2014
Table 57: Indonesian Individual Endowment Insurance - Direct Written Premium (IDR Billion), 2014-2019
Table 58: Indonesian Individual Term Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 59: Indonesian Individual Term Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 60: Indonesian Individual Term Life Insurance - Direct Written Premium (IDR Billion), 2010-2014
Table 61: Indonesian Individual Term Life Insurance - Direct Written Premium (IDR Billion), 2014-2019
Table 62: Indonesian Other Individual Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 63: Indonesian Other Individual Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 64: Indonesian Other Individual Life Insurance - Direct Written Premium (IDR Billion), 2010-2014
Table 65: Indonesian Other Individual Life Insurance - Direct Written Premium (IDR Billion), 2014-2019
Table 66: Indonesian Linked Insurance Business - Number of Active Policies (Thousand), 2010-2014
Table 67: Indonesian Linked Insurance Business - Number of Active Policies (Thousand), 2014-2019
Table 68: Indonesian Linked Insurance Business - Gross Written Premium (IDR Billion), 2010-2014
Table 69: Indonesian Linked Insurance Business - Gross Written Premium (IDR Billion), 2014-2019
Table 70: Indonesian Linked Insurance Business - Direct Written Premium (IDR Billion), 2010-2014
Table 71: Indonesian Linked Insurance Business - Direct Written Premium (IDR Billion), 2014-2019
Table 72: Indonesian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2010-2014
Table 73: Indonesian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2014-2019
Table 74: Indonesian Non-Linked Insurance Business - Gross Written Premium (IDR Billion), 2010-2014
Table 75: Indonesian Non-Linked Insurance Business - Gross Written Premium (IDR Billion), 2014-2019
Table 76: Indonesian Non-Linked Insurance Business - Direct Written Premium (IDR Billion), 2010-2014
Table 77: Indonesian Non-Linked Insurance Business - Direct Written Premium (IDR Billion), 2014-2019
Table 78: Indonesian Life Insurance - Bancassurance Value of Commission (IDR Billion), 2010-2014
Table 79: Indonesian Life Insurance - Bancassurance Value of Commission (IDR Billion), 2014-2019
Table 80: Indonesian Life Insurance - Bancassurance New Business Direct Written Premium (IDR Billion), 2010-2014
Table 81: Indonesian Life Insurance - Bancassurance New Business Direct Written Premium (IDR Billion), 2014-2019
Table 82: Indonesian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2010-2014
Table 83: Indonesian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2014-2019
Table 84: Indonesian Life Insurance - Number of Banking Entities, 2010-2014
Table 85: Indonesian Life Insurance - Number of Banking Entities, 2014-2019
Table 86: Indonesian Life Insurance - Agencies' Value of Commission (IDR Billion), 2010-2014
Table 87: Indonesian Life Insurance - Agencies' Value of Commission (IDR Billion), 2014-2019
Table 88: Indonesian Life Insurance - Agencies' New Business Direct Written Premium (IDR Billion), 2010-2014
Table 89: Indonesian Life Insurance - Agencies' New Business Direct Written Premium (IDR Billion), 2014-2019
Table 90: Indonesian Life Insurance - New Policies Sold Through Agencies (Thousand), 2010-2014
Table 91: Indonesian Life Insurance - New Policies Sold Through Agencies (Thousand), 2014-2019
Table 92: Indonesian Life Insurance - Number of Insurance Agents, 2010-2014
Table 93: Indonesian Life Insurance - Number of Insurance Agents, 2014-2019
Table 94: Indonesian Life Insurance - Other Channels' Value of Commission (IDR Billion), 2010-2014
Table 95: Indonesian Life Insurance - Other Channels' Value of Commission (IDR Billion), 2014-2019
Table 96: Indonesian Life Insurance - Other Channels' New Business Direct Written Premium (IDR Billion), 2010-2014
Table 97: Indonesian Life Insurance - Other Channels' New Business Direct Written Premium (IDR Billion), 2014-2019
Table 98: Indonesian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2010-2014
Table 99: Indonesian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2014-2019
Table 100: Indonesian Life Insurance - Segment Shares (%), 2013
Table 101: PT Prudential Life Assurance - Key Facts
Table 102: PT Prudential Life Assurance - Key Financials (IDR Trillion)
Table 103: PT Asuransi Jiwa Sinar Mas MSIG - Key Facts
Table 104: PT Asuransi Jiwa Sinar Mas MSIG - Key Financials (IDR Trillion)
Table 105: PT Asuransi Allianz Life Indonesia - Key Facts
Table 106: PT Asuransi Allianz Life Indonesia - Key Financials (IDR Trillion)
Table 107: PT Asuransi Jiwa Manulife Indonesia - Key Facts
Table 108: PT Asuransi Jiwa Manulife Indonesia - Key Financials (IDR Trillion)
Table 109: PT Indolife Pensiontama - Key Facts
Table 110: PT Indolife Pensiontama - Key Financials (IDR Trillion)
Table 111: PT Asuransi Jiwasraya (Persero) - Key Facts
Table 112: PT Asuransi Jiwasraya (Persero) - Key Financials (IDR Trillion)
Table 113: PT Axa Mandiri Financial Services - Key Facts
Table 114: PT Axa Mandiri Financial Services - Key Financials (IDR Trillion)
Table 115: Asuransi Jiwa Bersama Bumiputera 1912 - Key Facts
Table 116: Asuransi Jiwa Bersama Bumiputera 1912 - Key Financials (IDR Trillion)
Table 117: PT AIA Financial ( d/h AIG) - Key Facts
Table 118: PT AIA Financial - Key Financials (IDR Trillion)
Table 119: PT Asuransi Jiwa Adisarana WanaArtha - Key Facts
Table 120: PT Asuransi Jiwa Adisarana WanaArtha - Key Financials (IDR Billion)
Table 121: Indonesia - Insurance Regulatory Framework Key Features
Table 122: Indonesia - Life Insurance Regulatory Framework
Table 123: Indonesia - Property Insurance Regulatory Framework
Table 124: Indonesia - Business Interruption Insurance Tariff
Table 125: Indonesia - Motor Insurance Regulatory Framework
Table 126: Indonesia - Liability Insurance Regulatory Framework
Table 127: Indonesia - Corporation Tax Rates for the Financial Year 2015

List of Figures
Figure 1: Indonesian Real GDP, 2010-2019
Figure 2: IDR-US$ Exchange Rate, 2010-2019
Figure 3: Indonesian Consumer Price Inflation, 2010-2019
Figure 4: Indonesian Current Account Balance (% of GDP), 2010-2013
Figure 5: Indonesian Unemployment Rate, 2010-2019
Figure 6: Indonesian Population by Age Group, 1990-2025
Figure 7: Indonesian Life Insurance - Gross Written Premium by Category (IDR Billion), 2010-2019
Figure 8: Indonesian Life Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 9: Indonesian Life Insurance - Gross Written Premium Dynamics by Segment (2010-2019)
Figure 10: Indonesian Life Insurance - New Business Direct Written Premium (IDR Billion), 2010-2014
Figure 11: Indonesian Life Insurance - New Business Direct Written Premium (IDR Billion), 2014-2019
Figure 12: Indonesian Life Insurance - Net Earned Premium (IDR Billion), 2010-2014
Figure 13: Indonesian Life Insurance - Net Earned Premium (IDR Billion), 2014-2019
Figure 14: Indonesian Life Insurance - Sum Assured (IDR Trillion), 2010-2014
Figure 15: Indonesian Life Insurance - Sum Assured (IDR Billion), 2014-2019
Figure 16: Indonesian Life Insurance - Paid Claims (IDR Billion), 2010-2014
Figure 17: Indonesian Life Insurance - Paid Claims (IDR Billion), 2014-2019
Figure 18: Indonesian Life Insurance - Incurred Loss (IDR Billion), 2010-2014
Figure 19: Indonesian Life Insurance - Incurred Loss (IDR Billion), 2014-2019
Figure 20: Indonesian Life Insurance - Number of Policies per Capita, 2010-2014
Figure 21: Indonesian Life Insurance - Number of Policies per Capita, 2014-2019
Figure 22: Indonesian Life Insurance - Commissions and Expenses (IDR Billion), 2010-2014
Figure 23: Indonesian Life Insurance - Commissions and Expenses (IDR Billion), 2014-2019
Figure 24: Indonesian Life Insurance - Net Written Premium (% of GWP), 2010-2014
Figure 25: Indonesian Life Insurance - Net Written Premium (% of GWP), 2014-2019
Figure 26: Indonesian Life Insurance - Renewal Business Direct Written Premium (IDR Billion), 2010-2014
Figure 27: Indonesian Life Insurance - Renewal Business Direct Written Premium (IDR Billion), 2014-2019
Figure 28: Indonesian Life Insurance - Total Assets (IDR Billion), 2010-2014
Figure 29: Indonesian Life Insurance - Total Assets (IDR Billion), 2014-2019
Figure 30: Indonesian Life Insurance - Total Investment Income (IDR Billion), 2010-2014
Figure 31: Indonesian Life Insurance - Total Investment Income (IDR Billion), 2014-2019
Figure 32: Indonesian Life Insurance - Net Written Premium (IDR Billion), 2010-2014
Figure 33: Indonesian Life Insurance - Net Written Premium (IDR Billion), 2014-2019
Figure 34: Indonesian Life Insurance - Investment Portfolio (IDR Billion), 2010-2014
Figure 35: Indonesian Life Insurance - Investment Portfolio, 2010 and 2014
Figure 36: Indonesian Life Insurance - Penetration (%), 2010-2014
Figure 37: Indonesian Life Insurance - Density (Direct Premium per Capita), 2010-2014
Figure 38: Indonesian Life Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 39: Indonesian Life Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 40: Indonesian Life Insurance - Number of New Policies Sold (Thousand), 2010-2014
Figure 41: Indonesian Life Insurance - Number of New Policies Sold (Thousand), 2014-2019
Figure 42: Indonesian Life Insurance - Total Investments (IDR), 2010-2014
Figure 43: Indonesian Individual Life Insurance - Gross Written Premium by Category (IDR Billion), 2010-2019
Figure 44: Indonesian Individual Life Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 45: Indonesian Individual Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 46: Indonesian Individual Life Insurance - Direct Written Premium by Category (IDR Billion), 2010-2019
Figure 47: Indonesian Individual Life Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 48: Indonesian Individual Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 49: Indonesian Individual Life Insurance - Policies by Category (Thousand), 2010-2019
Figure 50: Indonesian Individual Life Insurance - Policies by Category (Percentage Share), 2014 and 2019
Figure 51: Indonesian Individual Life Insurance - Policies Dynamics by Category, 2010-2019
Figure 52: Indonesian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 53: Indonesian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 54: Indonesian Individual Whole Life Insurance - Direct Written Premium (IDR Billion), 2010-2014
Figure 55: Indonesian Individual Whole Life Insurance - Direct Written Premium (IDR Billion), 2014-2019
Figure 56: Indonesian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 57: Indonesian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 58: Indonesian Individual General Annuity Insurance - Direct Written Premium (IDR Billion), 2010-2014
Figure 59: Indonesian Individual General Annuity Insurance - Direct Written Premium (IDR Billion), 2014-2019
Figure 60: Indonesian Individual Pension Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 61: Indonesian Individual Pension Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 62: Indonesian Individual Pension Insurance - Direct Written Premium (IDR Billion), 2010-2014
Figure 63: Indonesian Individual Pension Insurance - Direct Written Premium (IDR Billion), 2014-2019
Figure 64: Indonesian Individual Endowment Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 65: Indonesian Individual Endowment Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 66: Indonesian Individual Endowment Insurance - Direct Written Premium (IDR Billion), 2010-2014
Figure 67: Indonesian Individual Endowment Insurance - Direct Written Premium (IDR Billion), 2014-2019
Figure 68: Indonesian Individual Term Life Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 69: Indonesian Individual Term Life Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 70: Indonesian Individual Term Life Insurance - Direct Written Premium (IDR Billion), 2010-2014
Figure 71: Indonesian Individual Term Life Insurance - Direct Written Premium (IDR Billion), 2014-2019
Figure 72: Indonesian Other Individual Life Insurance - Number of Active Policies (Thousand), 2010-2014
Figure 73: Indonesian Other Individual Life Insurance - Number of Active Policies (Thousand), 2014-2019
Figure 74: Indonesian Other Individual Life Insurance - Direct Written Premium (IDR Billion), 2010-2014
Figure 75: Indonesian Other Individual Life Insurance - Direct Written Premium (IDR Billion), 2014-2019
Figure 76: Indonesian Linked Insurance Business - Number of Active Policies (Thousand), 2010-2014
Figure 77: Indonesian Linked Insurance Business - Number of Active Policies (Thousand), 2014-2019
Figure 78: Indonesian Linked Insurance Business - Gross Written Premium (IDR Billion), 2010-2014
Figure 79: Indonesian Linked Insurance Business - Gross Written Premium (IDR Billion), 2014-2019
Figure 80: Indonesian Linked Insurance Business - Direct Written Premium (IDR Billion), 2010-2014
Figure 81: Indonesian Linked Insurance Business - Direct Written Premium (IDR Billion), 2014-2019
Figure 82: Indonesian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2010-2014
Figure 83: Indonesian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2014-2019
Figure 84: Indonesian Non-Linked Insurance Business - Gross Written Premium (IDR Billion), 2010-2014
Figure 85: Indonesian Non-Linked Insurance Business - Gross Written Premium (IDR Billion), 2014-2019
Figure 86: Indonesian Non-Linked Insurance Business - Direct Written Premium (IDR Billion), 2010-2014
Figure 87: Indonesian Non-Linked Insurance Business - Direct Written Premium (IDR Billion), 2014-2019
Figure 88: Indonesian Life Insurance - New Business Gross Written Premium by Distribution Channel (Percentage Share), 2014 and 2019
Figure 89: Indonesian Life Insurance - Bancassurance Value of Commission (IDR Billion), 2010-2014
Figure 90: Indonesian Life Insurance - Bancassurance Value of Commission (IDR Billion), 2014-2019
Figure 91: Indonesian Life Insurance - Bancassurance New Business Direct Written Premium (IDR Billion), 2010-2014
Figure 92: Indonesian Life Insurance - Bancassurance New Business Direct Written Premium (IDR Billion), 2014-2019
Figure 93: Indonesian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2010-2014
Figure 94: Indonesian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2014-2019
Figure 95: Indonesian Life Insurance - Number of Banking Entities, 2010-2014
Figure 96: Indonesian Life Insurance - Number of Banking Entities, 2014-2019
Figure 97: Indonesian Life Insurance - Agencies' Value of Commission (IDR Billion), 2010-2014
Figure 98: Indonesian Life Insurance - Agencies' Value of Commission (IDR Billion), 2014-2019
Figure 99: Indonesian Life Insurance - Agencies' New Business Direct Written Premium (IDR Billion), 2010-2014
Figure 100: Indonesian Life Insurance - Agencies' New Business Direct Written Premium (IDR Billion), 2014-2019
Figure 101: Indonesian Life Insurance - New Policies Sold Through Agencies (Thousand), 2010-2014
Figure 102: Indonesian Life Insurance - New Policies Sold Through Agencies (Thousand), 2014-2019
Figure 103: Indonesian Life Insurance - Number of Insurance Agents, 2010-2014
Figure 104: Indonesian Life Insurance - Number of Insurance Agents, 2014-2019
Figure 105: Indonesian Life Insurance - Other Channels' Value of Commission (IDR Billion), 2010-2014
Figure 106: Indonesian Life Insurance - Other Channels' Value of Commission (IDR Billion), 2014-2019
Figure 107: Indonesian Life Insurance - Other Channels' New Business Direct Written Premium (IDR Billion), 2010-2014
Figure 108: Indonesian Life Insurance - Other Channels' New Business Direct Written Premium (IDR Billion), 2014-2019
Figure 109: Indonesian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2010-2014
Figure 110: Indonesian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2014-2019
Figure 111: Indonesian Life Insurance - Segment Shares (%), 2013
Figure 112: Indonesia - Insurance Supervision and Control at Various Levels
Figure 113: Indonesia - Insurance Regulatory Frameworks for Company Registration and Operation

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  • Global Life Insurance Market Research Report 2023
    Published: 06-Feb-2023        Price: US 2900 Onwards        Pages: 109
    Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expense......
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