Indonesia Insurance Sector Report 2024-2025

Indonesia's insurance sector has seen a steady growth over the past few years, supported by the country's economic expansion and a rising public awareness of the benefits provided by insurance products. The relatively low penetration rate, with gross insurance premiums at 1.4% of GDP, suggests the sector offers plenty of scope for expansion. As of end-2023, the sector comprised 148 insurance companies and 220 insurance intermediaries. Social insurance dominates the market, representing 46% of the total gross insurance premiums collected, followed by life insurance at 30% and non-life insurance at 18%. Mandatory insurance types contribute 1.3% of total premiums, while gross contributions from Sharia-compliant insurance make up less than 5% of overall insurance revenue.

This report provides a complete and detailed analysis of the "Banking and insurance" sector for Indonesia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking and insurance" sector in Indonesia
• Crystallise the forces both driving and restraining this sector in Indonesia
• Ascertain Indonesia’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Indonesia.
• Build a clear picture of trends, output and consumption for specific sub-sectors