Indonesian life insurance industry to witness 8.9% CAGR in 2025
Written by Adam Cadle
01/02/2022
The life insurance industry in Indonesia is projected to grow at a compound annual growth rate (CAGR) of 8.9% from IDR173.0trn ($11.8bn) in 2020 to IDR265.3trn ($17.4bn) in 2025, in terms of gross written premiums, according to GlobalData.
Life insurance growth was supported by a stable macroeconomic environment led by the government’s accommodating fiscal and monetary policy. These policies created a stable investment environment for insurers and allowed them to offer products with attractive returns. The trend is expected to continue in 2022, and the life insurance industry is projected to grow by 8.5% in 2022.
“Indonesia’s low life insurance penetration rate of 1.1%, compared to emerging economies’ average of 2.3%, provides ample opportunity for life insurance growth in the country,” GlobalData senior insurance analyst Deblina Mitra stated.
“Increasing awareness and conducive macroeconomic environment are expected to support its growth over the next five years.”
Related Articles
There are no related documents to show at this time.
The role ETFs can play in the ESG journey for insurers
Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing
DIVERSIFIED PRIVATE CREDIT
Editor Adam Cadle talks to BNP Paribas Asset Management head of pension solutions Julien Halfon about investing in diversified private credit
Most read stories...
EIOPA recommends Bulgaria’s FSC review its supervisory process for assessing undertakings’ solvency positions
Just Group’s illiquid asset origination increases by 40% to £2.4bn
PRA outlines priorities for BPA insurers in 2025
US P&C insurers achieve record investment income
NZAM suspends work
RGA announces investment in PACT Capital
Achmea invests €50m in ADRIF
Geneva Association research analyses effects of ‘slowbalisation’ on insurance industry
Generali unit to acquire majority stake in MGG Investment
Holophane Retirement Benefits Scheme completes £24m buy-in with PIC
Emerging Market Debt
Editor Adam Cadle talks to BNP Paribas Asset Management head of emerging markets debt Bryan Carter about the asset class and the opportunities in this space
World Markets (15 minute+ time delay)
