Chapter | Islamic Financial Services from The Report: Saudi Arabia 2013
Chapter | Capital Markets from The Report: Saudi Arabia 2013
Articles & Analysis | Sector overhaul: Underwriters hope new rules will make motor insurance compulsory from The Report: Indonesia 2013
Strong growth in Indonesia’s new vehicle sales in recent years has generated sustained growth in the motor segment. “Car sales have been increasing and in turn motor vehicle insurance has been growing rapidly,” Christian Wanandi, the president director of Jakarta-based general insurance company Asuransi Wahana Tata, told OBG. Yet motor’s share of...
Articles & Analysis | Reassuring growth: Consolidation is expected to boost local reinsurance capacity from The Report: Indonesia 2013
With limited local underwriting capacity, larger risks have traditionally been ceded offshore. The limited capacity of the four local reinsurers has stunted efforts to domesticate more risk, leading to volatile rates. Consolidating and developing reinsurance capacity will thus be crucial to future efforts to develop the industry, while higher...
Articles & Analysis | In the mix: New standards and greater awareness are bringing about a shift from The Report: Indonesia 2013
While life insurance has outperformed the overall market, both domestically and regionally, for a decade, heavy reliance on investment-linked products reveals the sector’s bias towards savings rather than outright protection. A sustained inflow of foreign underwriters, who now dominate the sector, has highlighted the segment’s strong growth...