At 1.7%, Indonesia’s insurance penetration rate is the lowest in the region, compared to 3.7% in Thailand, 5.1% in Malaysia and 11.1% in South Korea. Underwriters hope that as disposable income grows, the middle class – now estimated at up to 40% of the population – will purchase more coverage. In fact, gross premiums have grown an average of 23% annually since 1996, reaching a total of $16.02bn...
Asia Financial Services
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With only about 20% of Indonesian adults having any sort of relationship with the financial service sector, the country’s massive, untapped customer base offers great potential for the big industry players. The combination of a broadening and deepening market, and ever-sinking interest rates, has boosted the already-growing demand for financial services in the archipelago, from microcredit to...
An archipelago of over 17,500 islands, Indonesia is today the world’s fourth-largest country by population, at 245m. The astonishing diversity of ethnicities and cultures comes together in a democratic framework under the pancasila, or “five principles”: nationalism, humanitarianism, representative democracy, social welfare and monotheism
Local business leaders and foreign investors alike are expressing confidence in the outlook for Indonesia’s insurance sector. Continued economic growth, low levels of penetration and strong performances from leading firms this year are all upside indicators. The market is a competitive one, and insurers are actively examining new strategies for capitalising on its considerable potential.
Economic update | Malaysia: Lining up for IPOs
30 Nov 2011
Malaysia’s capital markets are looking forward to another good year for initial public offerings (IPOs) in 2012, with a number of companies set to list on the nation’s exchange.
Economic update | Thailand: Banks buffered
30 Nov 2011
Opinions vary on how great an impact Thailand’s floods will have on the country’s banking sector. While optimists believe Thai lenders will be left relatively unscathed by the natural disaster, others are less positive, fearing an increase in non-performing loans and a general slowing down of the economy.