Tag Archives: Halim Gunawan

Indonesia Life Insurance Newsletter, May 2018

According to the Indonesian Insurance Statistics published by the Financial Services Authority, the Indonesian life insurance industry achieved double-digit growth in 2017. Last year, the industry recorded a net premium of IDR 232.06 trillion, a 44% growth year-on-year over 2016. Total assets grew 30% year-on-year to IDR 512.95 trillion. Milliman’s Richard Holloway, Halim Gunawan, and David Kong offer more perspective in the latest Indonesia Life Insurance Newsletter.

Indonesia Life Insurance Newsletter, February 2018

According to the Indonesia Insurance Statistics published by the Financial Services Authority, the Indonesian life insurance industry continued to expand in the third quarter of 2017. For the first nine months of 2017, the industry recorded a total net premium income of IDR 127.07 trillion, a 38% growth year-on-year compared to the same period in 2016. The total technical reserve for the industry as of the third quarter increased by 31% year-on-year to IDR 372.25 trillion. Milliman’s Richard Holloway, Halim Gunawan, and David Kong offer more perspective in the latest Indonesia Life Insurance Newsletter.

Indonesia Life Insurance Newsletter, July 2017

The Life Insurance Association of Indonesia reported continued growth of the life Indonesia industry for 2016 and over the first quarter of 2017. In 2016, the industry recorded a total premium income of IDR 167.04 trillion, a 29.8% growth year-on-year compared with 2015. For the first three months of 2017, the total premium income for life insurance increased by 28.15% year-on-year to IDR 35.19 trillion as compared with the first three months of 2016. Milliman’s Richard Holloway, Halim Gunawan, and David Kong offer more perspective in the latest Indonesia Life Insurance Newsletter.

Indonesia Life Insurance Newsletter, October 2016

According to the Indonesia Life Insurance Association, the Indonesian life insurance industry experienced a year-on-year increase of 9.2% in total gross income over the first quarter of 2016. Total invested assets grew by 4.7% with a general growth across almost all asset classes except for a decline of 5.7% in equity investment. Total claims paid by the industry dropped by 4.8% compared with the first quarter of 2015. There were no new life insurance licenses in the four-month period ending 31 August 2016. Milliman’s Richard Holloway, Halim Gunawan, and Iwan Juwono offer more perspective in the latest Indonesia Life Insurance Newsletter.

Indonesia Life Insurance Newsletter, June 2016

According to the 2015 market statistics released by the Indonesia Life Insurance Association, the life insurance market in Indonesia experienced a modest growth in weighted new business premium of 4% in 2015 after a decline of 3% in 2014. Over the five-year period from 2011 to 2015, the industry experienced a compounded growth of weighted new business premium of 7.2%. In terms of market share, Prudential Life Assurance remains the leading player with a market share of 21% of weighted new business premium in 2015. Distribution of life insurance in 2015 continued to be dominated by the agency channel and bancassurance. Milliman’s Halim Gunawan, Iwan Juwono, and Richard Holloway offer more perspective in the latest Indonesia Life Insurance Newsletter.