BAPEPAM-LK

Ministry of
Finance

Capital Market and Financial

Other Directorat General/Agency
Institutions Supervisory Agency Other Echelon I unit

Research and
Information Insurance Other
Other
Technology BureausOther
Bureau Bureaus
Bureau Bureaus

BAPEPAM-LK
 Overview of Indonesian Insurance Market
Information Gathering
Market Monitoring
Initiatives Enhancing Transparency

BAPEPAM-LK
 Overview of Indonesian Insurance Market
Information Gathering
Market Monitoring
Initiatives Enhancing Transparency

BAPEPAM-LK
BAPEPAM-LK
BAPEPAM-LK
 (Bi l l i on 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%
Note:
* : Unaudi ted
** : Including reinsurance bussiness

BAPEPAM-LK
 (Bi l l i on Rp)
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:
* : Unaudi ted
** : Including reinsurance bussiness

BAPEPAM-LK
 (Bi l l i on 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:
* : Una udi ted
** : 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
Notes:
*) Gross Premium unaudited
Penetration = Gross Premium/GDP
Density = Gross Premium/Population

BAPEPAM-LK
 Overview of Indonesian Insurance Market
Information Gathering
Market Monitoring
Initiatives Enhancing transparency

BAPEPAM-LK
 Reporting Type of Report Frequency
Entity 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  Financial Statement √ √
Reinsurance Broker  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
 Regular Filing

Central Database

Insurance Companies
• Data verification-manual
Special Report • Data up load-by system

Off-site monitoring and

On-site Examination

Purposes Statistics
Out Put

Industry reference

BAPEPAM-LK
 Overview of Indonesian Insurance Market
Information Gathering
Market Monitoring
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
Information Gathering
Market Monitoring
Initiatives Enhancing Transparency

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

BAPEPAM-LK
 Reidentification of Data Needs : Develop New Report Forms

Redesign Filing Procedures :

* Develop E-Reporting application
* Prepare regulation for E-Reporting implementation

BAPEPAM-LK
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