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BRICdata Publishes Emerging Market and Investment Opportunities in Indonesian Motor Insurance to 2016 - The motor insurance category in Indonesia recorded robust sales during the review period (2007–2011), supported by strong growth in automobile sales - BRICdata.com
BRICdata Publishes Emerging Market and Investment Opportunities in Indonesian Motor Insurance to 2016

 

NewswireToday - /newswire/ - London, Greater London, United Kingdom, 2012/04/06 - The motor insurance category in Indonesia recorded robust sales during the review period (2007–2011), supported by strong growth in automobile sales - BRICdata.com.

   
 
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The Indonesian motor insurance category grew during the review period. There are positive growth prospects for the Indonesian motor insurance category, which are being supported by the country’s favorable macroeconomic fundamentals. The number of automobile sales in the country is expected to increase during the forecast period, which will generate a larger customer base for Indonesian motor insurance. The volume of motor insurance policies sold in Indonesia recorded robust growth, at a CAGR of 24.36% during the review period. The number of motor insurance policies sold is expected to increase at a CAGR of 10.33% over the forecast period. The Capital Market and Financial Institution Advisory Agency (BAPEPAM-LK) has placed a strict capital requirement on insurance companies in Indonesia and companies that fail to meet the above regulation will be penalized. The new regulation by BAPEPAM-LK is designed to strengthen the Indonesian motor insurance category and bring in some consolidation.

Key highlights of this title
• The motor insurance category in Indonesia recorded robust sales during the review period, supported by strong growth in automobile sales. The number of policies sold in the Indonesian motor insurance category increased at a CAGR of 24.36% during the review period.
• The category is projected to grow at a CAGR of 10.33% over the forecast period to reach volume sales of 25.1 million in 2016. Third-party motor insurance, which is compulsory in Indonesia, is expected to drive the demand for motor insurance in the country.
• The Capital Market and Financial Institution Advisory Agency (BAPEPAM-LK) has placed a strict capital requirement on insurance companies in Indonesia and companies that fail to meet the above regulation will be penalized. The new regulation by BAPEPAM-LK is designed to strengthen the Indonesian motor insurance category and bring in some consolidation.
• Insurance companies in Indonesia are increasingly entering into agreements with banks in order to sell motor insurance products.
• The motor insurance category in Indonesia is fairly fragmented, with Astra Insurance accounting for the highest proportion of the total premiums earned. Overall, the ten leading companies account for a combined market share of 70%.

Scope
This report provides a comprehensive analysis of the motor insurance industry in Indonesia:
• It provides historical values for Indonesian motor insurance industry for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key markets in the Indonesian motor insurance industry, along with market forecasts until 2016
• It details the different macroeconomic factors affecting the motor insurance industry in Indonesia
• It covers an exhaustive summary on the key trends and drivers affecting the Indonesian motor insurance industry
• It outlines current regulatory framework in the industry
• It details the business and operations strategy used by various Indonesian motor insurance companies
• It provides the market share of major insurers in the Indonesian motor insurance industry
• It profiles the major insurers in the Indonesian motor insurance industry.

• Make strategic business decisions using top-level historic and forecast market data related to the Indonesian motor insurance industry and each market within it;
• Understand the key market trends and growth opportunities within the Indonesian insurance industry;
• Assess the competitive dynamics in the Indonesian motor insurance industry;
• Gain insights into the business and operations strategies used by the Indonesian motor insurers;
• Gain insights into key regulations governing the Indonesian motor insurance industry.

Product code: IS0202MR

BRICdata (bricdata.com) specializes in the provision of strategic intelligence on emerging markets that helps suppliers in developed markets identify, pursue and achieve growth opportunities.

 
 
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Written by / Agency / Source: BRICdata

 
 

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BRICdata Publishes Emerging Market and Investment Opportunities in Indonesian Motor Insurance to 2016

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Publisher Contact: BRICdata.com 
+44(0)20 7406 6596 tarun.bisht[.]digitalinsightresearch.in
 
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