BAPEPAM-LK

BAPEPAM-LK

Ministry of Finance

Capital Market and Financial Institutions Supervisory Agency

Other Bureaus

Insurance Bureau

Research and Information Technology

Bureau

Other Bureaus

Other Bureaus

Other Echelon I unit Other Directorat General/Agency

Overview of Indonesian Insurance Market

Market Monitoring

Information Gathering

Initiatives Enhancing Transparency

BAPEPAM-LK

Overview of Indonesian Insurance Market

Market Monitoring

Information Gathering

Initiatives Enhancing Transparency

BAPEPAM-LK

BAPEPAM-LK

BAPEPAM-LK

(Bill ion Rp)

2005 2006 2007 2008 2009 2010*

Life 22,294.00 27,498.30 45,581.30 50,370.02 61,725.47 77,676.30

Growth-Life 23% 66% 11% 23% 26%

Non Life ** 18,857.33 19,811.55 22,115.39 26,096.09 28,809.87 35,065.14

Growth-Non Life 5% 12% 18% 10% 22%

Social 2,379.80 2,653.30 3,016.58 4,340.31 5,108.13 5,339.90

Growth-Social 11% 14% 44% 18% 5%

Civil Servants, Armed Force, Police 4,606.00 5,642.10 7,118.30 8,667.59 13,744.39 15,420.82

Growth Civil Servants, Armed Forces, Police 22% 26% 22% 59% 12%

All Industry 48,137.13 55,605.25 77,831.57 89,474.01 109,387.87 133,502.16

Growth-Industry 16% 40% 15% 22% 17%

** : Including reinsurance bussiness

Note:

* : Unaudited

BAPEPAM-LK

2005 2006 2007 2008 2009 2010*

Life 53,940.33 71,034.08 102,137.21 102,404.71 141,646.23 183,090.73

Growth-Life 32% 44% 0.3% 38% 29%

Non Life ** 22,401.44 24,982.33 29,788.25 34,790.47 40,163.64 47,930.74

Growth Non-Life 12% 19% 17% 15% 19%

Social 40,240.00 51,546.80 63,598.20 66,606.70 87,490.74 107,231.34

Growth-Social 28% 23% 5% 31% 23%

Civil Servants, Armed Force, Police 20,313.60 27,371.00 33,304.90 39,777.49 51,791.78 61,438.83

Growth Civil Servants, Armed Forces, Police 35% 22% 19% 30% 19%

All Industry 136,895.37 174,934.93 228,829.42 243,579.58 321,092.38 399,691.65

Growth-Industry 28% 31% 6% 32% 24%

Note:

* : Unaudited

** : Including reinsurance bussiness

(Bi l l ion Rp)

BAPEPAM-LK

(Bi l l ion Rp)

2006 2007 2008 2009 2010*

Life 62,210.06 91,728.95 90,688.14 128,298.83 168,020.21

Growth-Life 37% 47% -1% 41% 31%

Non Life ** 17,101.22 20,039.23 23,926.36 28,695.19 34,722.19

Growth Non-Life 14% 17% 19% 20% 21%

Social 50,187.60 62,039.60 64,181.45 84,355.62 103,784.25

Growth-Social 28% 24% 3% 31% 23%

Civil Servants, Armed Force, Police 23,439.70 28,419.90 32,670.93 41,869.13 49,782.77

Growth Civil Servants, Armed Forces, Police 21% 21% 15% 28% 19%

All Industry 152,939.37 202,228.56 211,467.09 283,219.70 356,309.41

Growth-Industry 29% 32% 5% 34% 26%

Note:

* : Unaudited

** : Including reinsurance bussiness

BAPEPAM-LK

2005 2006 2007 2008 2009 2010*

GDP (Billion Rupiah) 2,774,280.00 3,339,479.00 3,957,403.00 4,954,000.00 5,581,900.00 6,422,900.00

Gross Premium (Billion Rupiah) 48,137.13 55,605.25 77,831.57 89,474.01 109,387.87 133,530.37

Population (million) 220 223 226 229 231 238

Penetration = Gross Premium/GDP

Density = Gross Premium/Population

Notes:

*) Gross Premium unaudited

BAPEPAM-LK

Overview of Indonesian Insurance Market

Market Monitoring

Information Gathering

Initiatives Enhancing transparency

BAPEPAM-LK

Reporting Entity

Type of Report Frequency

Quarterly Half Yearly Yearly

Insurer RBC Report Audited Financial Report Operational Report Reinsurance Treaty

Reports Motor vehicle risk and loss

profile report*

√ - √ - -

- - - - -

√ √ √ √ √

Reinsurer

RBC Report Audited Financial Report Operational Report Reinsurance Treaty

Reports

√ - √ -

- - - -

√ √ √ √

* Only for non-life insurance

Method of Submission : Hard copy dan CD

BAPEPAM-LK

Reporting Entity Type of Report Frequency

Half Yearly Yearly

Insurance and Reinsurance Broker

Financial Statement Audited Financial

Report Operational Report

√ - -

√ √ √

Insurance Agent

Operational Report -

√

Actuarial Consultant Operational Report -

√

Loss Adjuster Operational Report - √

* Method of submission : Hard copy and CD

BAPEPAM-LK

Balance sheet Income statement Solvency

Admitted Asset Liabilities Amount of solvency

Minimum Solvency Margin Other Financial Information:

Mandatory Guarantee Fund Ratio on Investment to technical reserve and net incurred claim Liquidity ratio Ratio on net written premium to equity Ratio on direct premium to non direct premium Ratio on expense to net premium income

Shareholders (ownership) Name of Board of Director Member and Board of Commissioner Member Name of Main Reinsurers

BAPEPAM-LK

Statistics

Insurance Companies

Regular Filing

Special Report

• Data verification-manual • Data up load-by system

Central Database

BAPEPAM-LK

Out Put

Off-site monitoring and On-site Examination

Industry reference

Purposes

Overview of Indonesian Insurance Market

Market Monitoring

Information Gathering

Initiatives Enhancing Transparency

BAPEPAM-LK

Off site monitoring and on site supervision Financial Condition (RBC level) Analysis

Early Warning Ratio

Market Sensitivity Test Result

Actuarial Projection

Statistics Company profile

Numbers of supervised entity

Total Assets, Liabilities, and Equities of Insurance/Re Co.

Overall investment portfolio

Insurance Density and Penetration

Overall Composition of Business

Overall Loss Ratio

Industry Reference Automobile advisory premium rate

BAPEPAM-LK

Overview of Indonesian Insurance Market

Market Monitoring

Information Gathering

Initiatives Enhancing Transparency

BAPEPAM-LK

BAPEPAM-LK

a. Accuracy and Integrity • Cross report inconsistencies

• Mistakes on mathematical calculation

b. Relevance Too general operational data

c. Some data not available • Market segmentation

• Geographical distribution

• Number of policies issued for general insurance

• Number of insured

d. Timeliness • Annual statistics issued at October

• Quarterly report issued 45 days after the end of quarter filings

Reidentification of Data Needs : Develop New Report Forms

Redesign Filing Procedures :

* Develop E-Reporting application

* Prepare regulation for E-Reporting implementation

BAPEPAM-LK

BAPEPAM-LK