Indonesia’s insurance sector underwent substantial changes in 2016 and the first half of 2017, with the implementation of the latest insurance law – passed in 2014 – and the reorganisation of regulatory bodies. In 2013 the Financial Services Authority (OJK) replaced the Capital Markets and Financial Institutions Supervisory Board (Bapepam-LK)...
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 country’s dominant segment, accounting for nearly two-thirds of the sector, but demand for general insurance products has risen in recent years. Growing...
A key component in boosting participation and capitalisation in Indonesia’s capital markets is widening and diversifying the stock market base by encouraging private companies and state-owned enterprises (SOEs) to go public. In recent years initial public offerings (IPOs) have taken place at a modest rate, in spite of the potential for more...
Already one of the fastest-growing major capital exchanges in the world, Indonesia’s equity and bond markets saw increased activity in late 2016 and early 2017 after a lacklustre performance in 2015. The recent resurgence is based on the country’s strong economic fundamentals and aided by short-term trends which saw a recovery in commodity...
Papua New Guinea’s insurance sector has considerable potential, not only in terms of growth in the more traditional urban, commercial and industrial markets, but also because the country has so many people who have never had exposure to insurance of any kind. As marketing, distribution and design are improved, take-up by lower-income...
Insurance in Papua New Guinea remains a sector of significant opportunity. With a low penetration rate – estimated at under 2% – and the overall economy set for rapid growth as a result of ExxonMobil’s liquefied natural gas (LNG) project, demand is projected to increase over time. Other trends and events also suggest good prospects. A new...
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