World Insurance Report
Market responds to new laws
The growth of Indonesia’s non-life insurance market slowed down dramatically in 1999. Market gross premiums (direct premiums
plus reinsurance premiums inwards from abroad) fell by 4% to Rp6,398bn (US$511mn). This compared with a 64% growth of gross
premiums in 1998. By contrast, life premium income jumped by 13% to Rp5,508bn in 1999.