With a population of approximately 260m and the fourth-largest economy in Asia, Indonesia is one of the world’s biggest potential banking markets. Growth in profitability, loans and assets has been stronger than in other ASEAN countries, although an economic slowdown in 2015 and early 2016 curbed sector growth before an upswing in 2017.
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)...
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...
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...
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