Thanks to its large and young population with increasing affluence, robust economic growth and relatively permissive foreign investment laws, Indonesia will continue to be one of the most coveted markets for the global insurance industry. Short-term capital outflows as a result of monetary tightening in advanced economies will not spoil the country's long-term appeal. The new Insurance Law has improved regulatory clarity and should yield new business opportunities in the takaful segment. Going into the regions with scaled-down products for individuals and small enterprises promises to unlock new demand among tens of millions of Indonesians who at present enjoy little or no insurance coverage. Drawing up easy-to-understand policies and educating people on the benefits of insurance will be a major part of this task.
Indonesia General Insurance Industry | GBG
No comments:
Post a Comment