We are pleased to present the inaugural edition of Milliman’s Indonesia Life Insurance Newsletter. This newsletter aims to shed light on some of the recent developments in the life insurance market of Indonesia.
With favourable demographics, low insurance penetration and a rapidly growing middle class, the life insurance sector of Indonesia has enormous potential. The sector is attracting much interest and is expected to continue its recent strong growth. Attracted by the strong growth prospects, several foreign insurance companies have recently entered the market, with several more still looking to enter. Of course, the existing players also expect strong growth and an increasing share of the pie.