SINGAPORE, Oct 9 (Bernama-BUSINESS WIRE) — AM Best has maintained its outlook on Indonesia’s non-life insurance segment at stable, citing resilient growth prospects, ongoing regulatory refinements and robust investment returns.
According to the Best’s Market Segment Report, “Market Segment Outlook: Indonesia Non-Life Insurance,” AM Best expects continued expansion in Indonesia’s non-life market, supported by ongoing infrastructure development, solid household consumption and sustained government spending, which should drive higher demand for commercial insurance. In addition, rising health care awareness is expected to boost growth of the health insurance segment.