Ministry of Finance. Insurance. Bureau

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2 Ministry of Finance Capital Market and Financial Institutions Supervisory Agency Other Directorat General/Agency Other Echelon I unit Research and Information Technology Bureau Insurance Bureau Other Other Bureaus Other Bureaus Bureaus

3 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency

4 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency

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7 (Billion Rp) * Life 22, , , , , , GrowthLife 23% 66% 11% 23% 26% Non Life ** 18, , , , , , GrowthNon Life 5% 12% 18% 10% 22% Social 2, , , , , , GrowthSocial 11% 14% 44% 18% 5% Civil Servants, Armed Force, Police 4, , , , , , Growth Civil Servants, Armed Forces, Police 22% 26% 22% 59% 12% All Industry 48, , , , , , GrowthIndustry 16% 40% 15% 22% 17% Note: * : Unaudited ** : Including reinsurance bussiness

8 (Billion Rp) * Life 53, , , , , , GrowthLife 32% 44% 0.3% 38% 29% Non Life ** 22, , , , , , Growth NonLife 12% 19% 17% 15% 19% Social 40, , , , , , GrowthSocial 28% 23% 5% 31% 23% Civil Servants, Armed Force, Police 20, , , , , , Growth Civil Servants, Armed Forces, Police 35% 22% 19% 30% 19% All Industry 136, , , , , , GrowthIndustry 28% 31% 6% 32% 24% Note: * : Unaudited ** : Including reinsurance bussiness

9 (Billion Rp) * Life 62, , , , , GrowthLife 37% 47% 1% 41% 31% Non Life ** 17, , , , , Growth NonLife 14% 17% 19% 20% 21% Social 50, , , , , GrowthSocial 28% 24% 3% 31% 23% Civil Servants, Armed Force, Police 23, , , , , Growth Civil Servants, Armed Forces, Police 21% 21% 15% 28% 19% All Industry 152, , , , , GrowthIndustry 29% 32% 5% 34% 26% Note: * : Unaudited ** : Including reinsurance bussiness

10 * GDP (Billion Rupiah) 2,774, ,339, ,957, ,954, ,581, ,422, Gross Premium (Billion Rupiah) 48, , , , , , Population (million) Notes: *) Gross Premium unaudited Penetration = Gross Premium/GDP Density = Gross Premium/Population

11 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing transparency

12 Reporting Entity Type of Report 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 Frequency Quarterly Half Yearly Yearly * Only for nonlife insurance Method of Submission : Hard copy dan CD

13 Reporting Entity Type of Report Frequency Insurance and Reinsurance Broker Financial Statement Audited Financial Report Operational Report Half Yearly Yearly Insurance Agent Operational Report Actuarial Consultant Operational Report Loss Adjuster Operational Report * Method of submission : Hard copy and CD

14 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

15 Regular Filing Central Database Insurance Companies Special Report Data verificationmanual Data up loadby system Offsite monitoring and Onsite Examination Out Put Purposes Statistics Industry reference

16 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency

17 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

18 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency

19 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

20 Reidentification of Data Needs : Develop New Report Forms Redesign Filing Procedures : * Develop EReporting application * Prepare regulation for EReporting implementation

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