Personal Accident and Health Insurance in Indonesia, Key Trends and Opportunities to 2019


#353256

120pages

Timetric

$ 1950

In Stock

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the Indonesia, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Indonesian personal accident and health insurance segment, including:

  • The Indonesian personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of Indonesia's economy and demographics
  • Details of the competitive landscape in the personal accident and health insurance segment in Indonesia
  • Details of regulatory policy applicable to the Indonesian insurance industry

Executive summary

Timetric’s 'Personal Accident and Health Insurance in the Indonesia, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Indonesian personal accident and health 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 competitive landscape in the country.

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.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Indonesia:

  • It provides historical values for the Indonesian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2019.
  • It profiles the top personal accident and health insurance companies in Indonesia, and outlines the key regulations affecting them.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Indonesian personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Indonesian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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

  • The Indonesian personal accident and health segment’s share of the overall gross written premium was the smallest during the review period.
  • The Indonesian insurance industry underwent a series of regulatory changes during the review period.
  • The Social Security Management Agency (Badan Penyelenggara Jaminan Sosial Kesehatan – BPJS) has signed a co-ordination of benefits agreement with private insurers to provide health insurance.
  • With Indonesia having the world’s second-largest population at 1.27 billion and with low personal accident and health insurance penetration at 0.2%, growth potential in the health insurance category over the forecast period is positive.
  • Personal accident and health insurance’s penetration rate was a low 0.16% in 2014, indicating a large uninsured population with significant growth potential for insurers.
  • Health insurance, which accounted for 98.2% of the segment’s gross written premium in 2014, is expected to be the leading category over the forecast period, despite the government’s implementation of National Health Insurance system for every individual in the country by 2019.