Indonesia Health And Medical Insurance Market Global Briefing and Research Analysis Study Report 2020-2024A complete background analysis of the Indonesian health insurance industry, which includes an assessment of the National Health Accounts, economy, and emerging market trends by segments, significant changes in market dynamics, and market overview, is covered in the report.
The Indonesian health and medical insurance market is expected to register a healthy CAGR of 7.7% during the forecast period (2019-2024). The market is a mix of both social security schemes and private insurance providers, which contribute in the ratio of 2:3.
The year 2019 was supposedly the year wherein Indonesian national health insurance scheme, JKN (UHC), has considered to cover the entire country population with some kind of comprehensive health insurance coverage.
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Jaminan Kesehatan Nasional (JKN) was implemented in 2014, by the newly-formed social security agency (BPJS). JKN care aims to be comprehensive, covering treatment for day-to-day concerns, like flu, through to open-heart surgery, dialysis, and chemotherapy. Currently, nearly 165 million citizens are enrolled in BPJS Health.
Top Leading Manufactures-
Allianz Care, AXA Indonesia, AIA Financial Indonesia, Prudential Indonesia, ManuLife Indonesia, AVIVA, BNI Life
Spotlight on the Private Health Insurance and the Growth Trends in the Sector
Private health insurance in Indonesia contributes roughly about 20 million, which is, on an average, 8% of the entire population. With increasing income levels and growing awareness toward comprehensive health security schemes that are available to a wide range of public in Indonesia, more and more players are entering the market, further widening the scope of medical coverage within Indonesians. In the private sector, health insurance penetration is estimated at 4% or 7.5 million people mainly present in the urban areas, based on the data from the countrys leading insurers.
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The market is predominantly controlled by the top 10 participants that cover 75% of the market, creating a consolidated market with tougher competition among the players. However, it is disheartening to note that the countrys health insurance industry is plagued with about 24% of fraud rate in health insurance claims.
Key Takeaways from this Report
─ Evaluate market potential through analyzing growth rates, Volume and price knowledge – for products type, finish use applications and by completely different trade verticals of Health And Medical Insurance Market
─Understand the various dynamics influencing the Health And Medical Insurance market – key driving factors, challenges, and hidden opportunities
─Get in-depth insights on your contestant performance of Health And Medical Insurance Market – market shares, strategies, monetary benchmarking, product benchmarking and additional
─Health And Medical Insurance Market report analyzes the sales and distribution channels across key geographies to enhance top-line revenues
─Comprehend the exchange give chain a profound jump on the value increase at each progression, to enhance cost and deliver efficiencies in your procedures
─Get a fast outlook on the Health And Medical Insurance market report entropy – Deals, partnerships, product launches of all key players for the past Five years.
─Evaluate the supply-demand gaps, import-export statistics and restrictive landscape for quite prime twenty countries Indonesialy for the Health And Medical Insurance market
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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