Category: Industry

Indonesia Insurance Industry – Overview, Trends, Prospects And Swot Analysis

Industry

Emerging Markets Direct (EMD) released their latest Indonesia Insurance Industry Report 2H10. The report says that Indonesia insurance industry is a very attractive and largely untapped market. As of 2008, the country was home to more than 210mn people while the number of insured people was 16.48mn, which implied that only less than 10% had life insurance. Seen in this light, foreign insurance companies had entered into joint ventures with local companies due to the low market penetration rate and the policies set by the Indonesia government.

Next to India and China, Indonesia is definitely one of the insurance markets in Asia with huge growth potential. The Indonesia insurance sector consists of a number of players. As of end 2009, there were 283 companies in Indonesia owning insurance business licenses. There were no much changes made to the number of life, non-life, reinsurance, social insurance program and workers social security, and insurance for civil servants and armed forced companies as compared with 2008. There were even no new insurance companies over the past 5 years due to the relatively high minimum equity of IDR100bn set by the government.

Over the past 5 years, total assets and total investments of the insurance industry as a whole have risen, especially for the reinsurance sector which saw the highest growth rate y-o-y of 21.79% for total investments and total assets. Net premium for non-life insurance and reinsurance has been rising since 2006, from IDR 8,147bn to IDR11,810bn in 2008.

Despite the vulnerability of the Indonesia Insurance industry to natural disaster, the overall industry ratio of gross claims to gross premiums was still manageable. It was recorded that the ratio varied from 48% to 61% in 2008. Whats more, a major part of risks covered by local insurers was ceded to offshore reinsurance company. In recent years, the retention ratio (measured by net written premium to gross written premium) was very conservative and ranged from 34% to 54%. Indonesias insurance industry suffered from deficit transaction, in this regard, our analyst thought that consolidation was vital for insurance companies to strengthen their capital base in order to stay competitive.

What are the market trends and outlook of the Indonesia Insurance Industry? How did the issuance of Indonesian Insurance Architecture (Roadmap) affect the industry? How many insurers licenses were revoked as a result of the minimum solvency requirement specified by the Ministry of Finance? What are the prospects of Takaful (Islamic insurance) in Indonesia? What were the requirements set by the Ministry of Finance (MoF) for foreign insurers to enter the Indonesian market?

Want to have an overview and competitive analysis(SWOT) of the major industry players?
-PT Asuransi Allianz Utama Indonesia(Allianz)
-PT Asuransi Sinar Mas (Sinar Mas)
-PT Panin Life Tbk(Panin)

Check our pages to see more details about our latest Indonesia Insurance Industry Report:
http://www.emergingmarketsdirect.com/products/Indonesia-Insurance-Industry.html

Table of Content
1. Industry Profile
1.1 Sector Overview
1.2 Sector Size and Value
1.2.1 Insurance Companies
1.2.2 Total Assets and Investments
1.3 Sector Performance
1.3.1 Gross Premiums and Claims
1.3.2 Non-Life Insurance and Reinsurance Net Premium
1.3.3 Industry Retention Rate
2. Market Trends and Outlook
2.1 Regulatory Issues
2.2 Sharia Products
2.3 Foreign insurers
3. Leading Players and Comparative Matrix
3.1 Leading Players
3.1.1 PT. Asuransi Allianz Utama Indonesia
3.1.2 PT. Asuransi Sinar Mas
3.1.3 PT. Panin Life Tbk
3.2 Comparative Matrix
3.3 SWOT Analysis

4. Tables and Charts
Table 1: Life Insurance No. of Insured People 1998 2008
Table 2: Insurers Licenses Revoked 2005
Table 3: Financial Summary 2007 – 2009
Table 4: Financial Highlights FY09
Chart 1: Inflation Trend of Indonesia Oct 2008 Oct 2010
Chart 2: Number of Insurance Companies 2004 – 2008
Chart 3: Growth of Total Assets According to Line of Business 2004 – 2008
Chart 4: Total Assets for the Year 2008
Chart 5: Growth of Total Investments According to Line of Business 2004 2008
Chart 6: Total Investments for the Year 2008
Chart 7: Growth of Total Assets Compared to Total Investment 2004 – 2008
Chart 8: Types of Investments
Chart 9: Growth of Gross Premiums According to Line of Business 2004 – 2008
Chart 10: Percentage of Gross Premiums for the Year 2008
Chart 11: Growth of Gross Claims According to Line of Business 2004 2008
Chart 12: Percentage of Gross Claims According to Line of Business
Chart 13: Growth of Gross Claims and Gross Premiums 2004 – 2008
Chart 14: Non-Life Insurance and Reinsurance Net Premium 2006 – 2008
Chart 15: Retention Rate 1996 – 2008
Chart 16: Sinar Mas – Total Shareholders Equity 2005 – 2009
Chart 17: Sinar Mas – Surplus Solvency Margin 2005 – 2009
Chart 18: Gross Premium Income 2005 – 2009
Chart 19: Total Investments Income 2005 2009

About Emerging Markets Direct

Emerging Markets Direct is the online research store from ISI Emerging Markets, a Euromoney Institutional Investor Company. We deliver in-house industry research report, industry analysis and data vital to support all kinds of business decision, academic and research purposes. Our flagship product Emerging Markets Direct Report covers the top 20 industry sectors of India, China, Malaysia, Thailand, Indonesia, Vietnam and Indonesia. ISI Emerging Markets in-house analysts crunch the numbers from our proprietary CEIC databases and combine the results with on-the ground industry insight. The result is reliable, hard-to-get industry data, analysis and insight. Previously available only to subscribers of the ISI Emerging Markets Information Service, Emerging Market Direct reports are available now at our online research store. Our Other products are: CEIC snapshots, CEIC datatalk, Intellinews. To view our full catalogue of products, please visit http://www.emergingmarketsdirect.com

A Career In The Oil And Gas Industry

Industry

Exploring the economic system nowadays doesn’t have the ability to to become doom and gloom, actually some industries have held their very own but still still employ job seeks as more projects open worldwide. The power market is one particular sector, namely oil and coal. The planet depends on energy to help keep moving and becoming employment in the market could keep you useful for an eternity.

Many people consider engineering jobs with regards to energy however that doesn’t also have is the case. Energy companies still IT & communications, administration, drivers and lawyers. To visit even more offshore oil rigs need cleaners & chefs. Whenever you take a look at employer need from the problem you’ll start to understand that personnel is needed of all the type background.

IT & Communications – The gas and oil industry depends on IT and communications. Employment could be on oil rigs to remote desert areas and every of those locations must be from the rest of the world 24/7.

Administration – Just like any other business the power industry depends on admin workers to push paper. Contracts have to be filled and dealings have to be correctly documented.

Engineering – There’s definitely no shortfall of engineering jobs with regards to the power industry. New sites are now being built constantly and also at the same time frame sites are now being removed on the continually basis. This will make the interest in engineers so much in fact.

Offshore jobs – Offshore work needs to be probably the most desired with regards to employed in the power industry and much more specifically the gas and oil industry. Drillers and engineers will find themselves working rotational shifts, where they work and live Six months offshore for six months holiday. These jobs attract much attention since they’re very well paid but getting into can be quite difficult because of their popularity.

Jobs in the centre East – Jobs in remote areas will always be very appealing to engineers and so on. It’s also why employed in the center East happens to be so attractive. Oil firms that earn as much as 1 Billion dollars each day will make sure that you simply earn your worth.

Employed in the power / gas and oil industry doesn’t always mean you need to leave the house as numerous companies have offices in cities around the globe. America of the usa is seeing an oil revival and lots of jobs is now able to available at home. So, regardless of how your perception the gas and oil industry appears like it’s lots of years inside it still.

For more information about Career in Oil and Gas Engineering, simply visit our website

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The Importance Of Ppe Or Personal Protection Equipment In The Hazardous Industry

Industry

The importance of PPE has always been ignored, but the truth is that it has been instrumental in saving the lives of millions of workers in the United States. PPE or personal protection equipment refers to the protective gear worn by workers during hazardous operations, which can be dangerous to their health and safety. This practical solution will minimize the risks of workplace related injuries, accidents or infections.

Hazards are always there at a workplace no matter what industry you are working in. Even dust or debris could hurt or damage your health if you are not protected while working. Personal protective equipment acts as a safeguard against many hazards prevailing in workplaces like fire, hazardous chemicals or dangerous objects.

For people responding or those participating in cleaning hazardous chemicals, a special gear is required to protect them from the harmful chemicals they are handling. Anyone who comes in direct contact with a hazardous chemical spill must use personal protection equipment. It allows employees to avoid hazards and properly clean the toxic substances without the fear of being exposed.

The training on how PPE can be correctly used and the focus on each component of PPE execution is covered in the 40 hour HAZWOPER training course. The very first step that each participant will learn is to choose the correct equipment to protect themselves. Improper selection of protection equipment has been known to result in irreversible harm to the workers. OSHA has put out a few requirements when it comes to the selection of personal protection equipment. The equipment must be marked only to recognizable manufacturers and must be capable of withholding any damages or infection. Those PPE which do not meet the OSHA guidelines must be avoided.

Again employees must be properly trained on how the PPE can be used. HAZWOPER training courses will provide a segment on this issue but a hands on experiment is often left out, especially with online training. Online training would provide a detailed information on the importance of PPE and on how it can be used, but OSHAs guidelines require workers to be trained with actual equipment in a course.

The use of PPE in any industry is a necessity rather than an option especially when workers are exposed to hazardous chemicals. It is the responsibility of the employers to make sure workers are well educated on the personal protection equipment.

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Automotive Industry The US Hybrid Vehicles Market Research Report

Industry

The rising gas prices, continuing federal and government support, decreasing dependency on imported crude, recharging infrastructure, upcoming cost-effective hybrid batteries and the change in consumer perspectives to drive the US hybrid vehicles market in the future

Hybrid vehicles market has been one of the fastest growing sectors in the US, due to the incorporation of the green technology concept. Additionally, higher fuel economy standards, increasing growth in per capita income, increasing battery life, durability, safety and hybrids economies of scale is also expected to further strengthen the hybrid vehicles market in the country. The US hybrid vehicles market has experienced CAGR of 7.6% over the period 2007-2013.

The full/mild hybrids have driven the hybrid vehicles market significantly in the US. However, plug-in hybrids represent an emerging hybrid market in the US with a strong rate. California, New York, Florida, Texas and New Jersey were few leading states in the US hybrid vehicles market. The issues related to the battery development process, potential challenges and pricing of the hybrid vehicles has been discussed.

The leading automobile companies dominating the US hybrid vehicles market include Toyota, Ford, General Motors, Hyundai and Honda. The major hybrid vehicle models which were sold by these companies include four models of the Toyota Prius Family, Lexus ES, Ford Fusion, GM Chevrolet Volt, Hyundai Sonata and Honda Civic.

-Hybrid vehicles market is in the process of mass adoption and is gradually moving towards being a major market in the US automobile based economy. As a result of the government regulations, environmental regulations, rising gas prices, increase in per capita income and recharging infrastructure over the past few years, with the implementation of stringent environmental norms, there has been a remarkable increase in the hybrid vehicles market in the country. This has resulted in increased awareness among the consumers towards eco-friendly hybrid vehicles.– According to the Research Analyst, Ken Research.

The report titled -The US Hybrid Vehicles Market Outlook to 2018 – Government Strategy and Cost-effective Hybrids to Escalate Demand- provides detailed overview on hybrid vehicles market in the US and helps reader to identify the ongoing trends and developments in the hybrid vehicles industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, hybrid vehicle manufacturing companies, marketing companies and other stakeholders and consumers to align their market centric strategies according to ongoing and expected trends in future.

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How The Children’s Fashion Industry Has Changed

Industry

It is only in recent years that the clothing industry has begun to pay equal attention to all categories of age. Although they were generally neglected in the past by clothing manufacturers, the little girls clothing and baby girls clothing sectors nowadays forms an important segment of clients in the fashion industry, enjoying an extensive and varied range of fashion appropriate for their age. The childrens industry has only recently begun to achieve good exposure and popularity, gaining a lot of ground over the past few years.

As the fashion industry was growing in popularity, more and more designers decided to focus their work exclusively on designing clothes for children and babies, in particular the little girls clothing sector and baby girls clothing sector. Soon, the offer became more and more diversified, with girls clothing and baby clothing gaining a lot in aspect and originality. Department stores and boutiques began to fill up with ingenious and colorful articles of clothing for children and babies, lots of shops even specialising in exclusively selling childrens and babies clothing.

In contrast to yesterday’s childrens clothing poorly designed and, let’s face it, quite dull today’s little girls clothing and baby clothing are inspiring and appealing, stimulating their imagination and building their sense of aesthetics and beauty. Ranging from dresses and baby accessorized dresses to cartoon-character costumes and even superhero outfits, girls clothes are nowadays created to adequately satisfy the needs and desires of the very young.

Visibly enjoying “the attention” granted to them by the fashion industry, little girls nowadays spend more and more time looking for the most interesting and imaginative clothing items they can find. Mesmerized by so many clothing models, designs and colors, many little girls can hardly decide upon a single item in particular! As soon as they step inside childrens clothing stores, children are immersed in a colorful and magnificent world, similar to the world created by toy stores. Funnily, lots of today’s children equally enjoy paying visits to both clothing stores and toy stores revealing that the young generations interest towards clothing, and thus their inclination towards originality, aesthetics and sense of beauty.

Seen through the perspective of their prices in general, girls clothing and baby girls clothing have lately become increasingly more affordable. While a few years ago parents had to spend a small fortune to offer their children good-quality garments, nowadays they can buy appropriate clothing for considerably smaller sums of money. Several major factors that have led to the reduction of childrens fashion prices are: substantial clothes imports, the appearance of many discount-shops on the market and the equal distribution of the merchandise between department stores and boutiques.

Online boutiques have also contributed to the depreciation of prices, offering customers high-quality yet cheaper clothing articles. Online girls and baby boutiques have become very popular, as they provide customers with cost-effective alternatives to similar, shop-purchased products. Online boutiques offer customers the possibility to choose among hundreds of different items such as dresses, baby dresses, skirts, tops, accessories and so the list goes on. Apart from having affordable prices and an extensive offer, online childrens clothing boutiques also allow customers to purchase their desired products at the touch of a button.

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