Indonesia

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance and Reinsurance Broker Association of Indonesia
Asosiasi Broker Asuransi dan Reasuransi Indonesia
Web: www.apparindo.or.id

 

Population, 2011-2015 (1)

Year Population
2011 245,613,043
2012 248,216,193
2013 251,160,124
2014 253,609,643
2015 255,993,674

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $1,033.0
2012 1,121.0
2013 1,285.0
2014 2,554.0
2015 2,842.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $3,916
Life premiums 11,013
Total premiums $14,930
Percent of total world premiums 0.33%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2014

 

  Gross written premiums
Company  IDR Mn   USD Mn
Sinar Mas  4,618,404.0 389.2
Jasa Indonesia  4,327,203.0 364.7
Astra Buana  4,107,089.0 346.2
Central Asia  2,720,639.0 229.3
Tugu Pratama Indonesia  2,548,597.0 214.8
Kredit Indonesia  2,223,928.0 187.4
Adira Dinamika  2,149,829.0 181.2
Wahana Tata  2,143,729.0 180.7
Bangun Askrida  1,726,817.0 145.5
MSIG Indonesia  1,423,116.0 119.9

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2014

 

  Gross written premiums
Company  IDR Mn   USD Mn
Prudential Life Assurance  24,503,706.0 2,065.2
Allianz Life Indonesia  10,211,490.0 860.6
Axa Mandiri Financial Services  8,274,872.0 697.4
Indolife Pensiontama  7,738,305.0 652.2
Jiwa Sinar Mas MSIG  7,153,761.0 602.9
AIA Financial  6,657,291.0 561.1
Jiwasraya (Persero)  6,364,238.0 536.4
Jiwa Bersama Bumiputera 1912  5,282,517.0 445.2
Jiwa Manulife Indonesia  4,022,722.0 339.0
Panin Life  3,684,457.0 310.5

Source: Axco Insurance Information Services.

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