The country’s insurance sector stands out as the fastest growing and most promising in South-east Asia, even within a region widely seen as the most attractive for the world’s major underwriters. Supported by rapid economic growth spurred by domestic consumption in the past decade, the sector has averaged compound annual growth of 20% in gross...
The country has been one of the region’s early adopters of a risk-based capital (RBC) regulatory framework, since 2005. Despite improvements in risk weightings, however, the industry still suffers a significant gap across players in terms of risk management processes, with larger local and foreign players in line with international best practices...
The world’s fourth-largest population, a very low insurance penetration rate and strong prospects for growth are proving a draw for foreign investors eyeing Indonesia’s insurance market. Higher caps on foreign ownership than elsewhere in Asia – 80% of an underwriter’s equity, compared to 49% in Thailand and 26% in India – add to the appeal. With the...
THE COMPANY: Established in 1970, Wintermar Offshore Marine (WINS) is one of the largest offshore marine services companies based in Indonesia. For more than 40 years, WINS, owned by the Layanto family, has catered to the upstream offshore oil and gas sector, providing fleet support for exploration,...
THE COMPANY: Strong national construction growth and the establishment of a new management team in 2008 have been key factors in the success of Waskita Karya (WSKT), the sector’s largest player. In 2012 WSKT aggressively increased its new contracts (excluding job order contracts) to Rp40trn ($4bn), up 40...
THE COMPANY: Established in 2008, Tiphone Mobile Indonesia (TELE) is the country’s largest nationwide prepaid and subscriber identity module card distributor for Telkomsel (TSEL), a subsidiary of Telekomunikasi Indonesia (TLKM) and XL Axiata (EXCL). Through 62 branches, 79 outlets and 48 owned shops, TELE...
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