INDONESIA GENERAL INSURANCEMARKET UPDATE 2019

General Insurance Association of Indonesia (AAUI)

Indonesia Economic Performance

Year Indonesian Population(in million)

Gross Domestic Product (GDP)(Constant Prices, IDR Trillion)

Economic Growth(%)

2014 252 8,565 5.01%

2015 255 8,983 4.88%

2016 256 9,435 5.03%

2017 257 9,913 5.07%

2018 267 10,425 5,20%

2Source : Indonesian Central Statistics Agency (BPS), 2017 &2018 population estimate based on OJK

Indonesia Economic Performance

Indonesia’s Macro Economic Indicators

3

In IDR

In IDR Trillion

Source : Indonesian Central Statistics Agency (BPS), SEKI Bank Indonesia

Market Structure:Insurance Companies

4

Description 2014 2015 2016 2017 2018 2019

Life Insurance 49 51 55 54 59 60

General Insurance 82 79 78 76 76 75

Reinsurance 4 5 6 5 6 6

Social Security

Program2 2 2 2 2 2

Social Insurance for

Civil Servants,

Armed Forces and

Police

3 3 3 3 3 3

169

42

27

INSURANCE BROKERS

REINSURANCE BROKERS

LOSS ADJUSTERS

Market Structure: Insurance Supporting Services

5

Description 2014 2015 2016 2017 2018

Insurance Brokers 157 166 169 168  169

Reinsurance Brokers 31 37 40 43 42 

Loss Adjusters 26 28 28 27  27

Insurance Supporting Services

4

94

43

State-owned

Private

Joint Venture

Market Structure: Based on Ownership

6

DescriptionState-

ownedPrivate

Joint

Venture

Life Insurance

Companies1 37 22

General Insurance

Companies2 52 21

Reinsurance

Companies1 5 -

Based on Ownership 2018

ASSETS OF INSURANCE INDUSTRY

7As of 31 Dec 2018 (In IDR Trillion), USD 1 = IDR 13.883

Investment Portfolio of Insurance Industry

8

In IDR Trillion

Source : OJK

464

11772

11

372

GROSS PREMIUM & GROSS CLAIM

9

In IDR Trillion

GROSS PREMIUM & CLAIM NON LIFE & REINSURANCEGROSS PREMIUM & CLAIM INSURANCE INDUSTRY

Indonesia Insurance Penetration & Density

10

In IDR Thousand

Non-Life Insurance 2018 Performance

11

In IDR Billion

2017 2018 2017 201818,538 19,032 2.7% PROPERTY 5,985 6,373 6.5%

17,318 18,675 7.8% MOTOR VEHICLE 7,533 7,860 4.4%

3,144 3,492 11.1% MARINE CARGO 1,086 982 -9.5%

1,620 1,598 -1.4% MARINE HULL 1,309 953 -27.2%

899 1,221 35.9% AVIATION & SATELITE 356 409 14.8%

1,639 1,510 -7.9% ENERGY 1,599 936 -41.4%

2,595 2,583 -0.5% ENGINEERING 1,355 1,288 -5.0%

2,019 2,248 11.4% LIABILITY 247 225 -8.9%

2,228 2,103 -5.6% PERSONAL ACCIDENT 483 527 9.3%

4,341 4,630 6.7% HEALTH 3,524 3,657 3.8%

5,169 7,867 52.2% CREDIT INSURANCE 2,911 5,227 79.6%

1,433 1,560 8.8% SURETY BOND 277 517 87.0%

2,668 3,338 25.1% OTHERS 988 1,134 14.8%

63,612 69,858 9.8% TOTAL 27,653 30,089 8.8%

PREMIUM GROWTH (%) LINE OF BUSINESS GROWTH

(%)CLAIM

Non-Life Insurance Premium & Claims Contribution

12

PREMIUM CONTRIBUTION CLAIM CONTRIBUTION

Non-Life Insurance 2018 Loss Ratio

13

2017 2018PROPERTY 32.3% 33.5%

MOTOR VEHICLE 43.5% 42.1%

MARINE CARGO 34.5% 28.1%

MARINE HULL 80.8% 59.6%

AVIATION & SATELITE 39.6% 33.4%

ENERGY 97.6% 62.0%

ENGINEERING 52.2% 49.9%

LIABILITY 12.3% 10.0%

PERSONAL ACCIDENT 21.7% 25.1%

HEALTH 81.2% 79.0%

CREDIT INSURANCE 56.3% 66.4%

SURETY BOND 19.3% 33.2%

OTHERS 37.0% 34.0%

TOTAL 43.5% 43.1%

LINE OF BUSINESSLoss Ratio (%)

Non-Life Insurance 2019 H1 Performance

14

In IDR Billion

SMT 1-18 SMT 1-19 SMT 1-18 SMT 1-198,350 10,643 27.5% PROPERTY 2,730 3,287 20.4%

9,214 9,300 0.9% MOTOR VEHICLE 3,760 3,796 1.0%

1,861 1,882 1.1% MARINE CARGO 402 445 10.8%

753 859 14.2% MARINE HULL 415 537 29.3%

553 899 62.5% AVIATION 193 75 -61.0%

8 15 95.5% SATELITE - 5 0.0%

27 72 164.6% ENERGI ON SHORE 12 78 524.2%

1,044 1,027 -1.7% ENERGI OFF SHORE 228 807 253.7%

839 1,277 52.3% ENGINEERING 590 581 -1.5%

1,565 1,366 -12.7% LIABILITY 116 105 -9.7%

3,364 3,594 6.9%PERSONAL ACCIDENT &

HEALTH2,029 2,069 2.0%

2,975 5,750 93.3% CREDIT INSURANCE 1,736 3,524 103.1%

673 814 20.9% SURETY BOND 186 270 45.4%

1,904 2,516 32.1% OTHERS 481 856 78.0%

33,130 40,016 20.8% TOTAL 12,876 16,434 27.6%

PREMIUM GROWTH (%) LINE OF BUSINESS

CLAIMS GROWTH (%)

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