The ASEAN Economic Community’s (AEC) launch in 2015 is likely to have an impact on the region’s insurance industry. As the single market emerges, financial services will become borderless, products from one country will be sold in others, labour will be portable and companies will branch out into markets outside their home jurisdictions. However, the method and pace of...
As with the banking sector, insurance in Indonesia is on the cusp of wide-reaching change. Given the country’s large population of nearly 250m – expanding by more than 1% per annum – its growing middle class and a GDP rising at about 6% a year, the insurance sector stands to benefit from these fundamentals in the years ahead. Indeed, at just $77, insurance density in Indonesia...
There is significant foreign participation in the Indonesian insurance sector, with two-thirds of life assets held by companies with some investment from overseas, according to figures from the Financial Services Authority (OJK). However, the openness of the insurance market is being reconsidered on an ongoing basis, and it remains unclear whether foreign shareholdings will...
Although Indonesia has the world’s largest Muslim population, it trails many other markets in terms of uptake, awareness and product innovation in Islamic capital markets. As of the end of May 2015, only 3.3% of corporate bonds and 11.8% of government bonds by value were sharia-compliant. By contrast, in Malaysia half of all debt issued meets Islamic standards.
THE COMPANY: Mitra Keluarga Karyasehat (MIKA) is the second-largest private multi-speciality hospital group in Indonesia in terms of number of hospital beds (in 2013), according to Frost & Sullivan. The company network consists of 11 hospitals (Bekasi Barat, Bekasi Timur, Cibubur, Cikarang, Depok, Kelapa Gading, Kemayoran,...
THE COMPANY: Mitra Adiperkasa (MAPI) claims itself as the number-one lifestyle retailer in Indonesia. As of 2014, MAPI had 1931 retail outlets located in 64 Indonesian cities, with a portfolio of over 150 international brands and 111 retail concepts. The company divides its business into four major segments: retail (clothes, sports...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×