Insurance

Indonesia’s economy and, with it, the financial services sector, has experienced growth since 2015, spurring demand for a diverse portfolio of insurance products. Life insurance is the dominant segment, accounting for nearly two-thirds of the sector, but demand for general insurance products has risen in recent years. Growing interest has been driven by a number of factors, including successful education efforts by the public and private sector, leading to rising awareness of insurance products among different demographics. Prudent investment practices, the overall strength of the national economy and more robust reinsurance coverage has also led to a trend of increased uptake.

This chapter contains interviews with Ben Ng, President Director, AIA Financial Indonesia; and Jens Reisch, President Director, Prudential Indonesia.