What Indonesia Online Aggregators can learn from Global Players: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit A proportion of the population still relies on traditional sources of financing including banks, friends, relatives & other informal channels owing to reasons such as limited accessibility to banking services, lack of financial awareness, lack of collateral, etc. These reasons prompt individuals to look for alternative sources of financing options. With an internet penetration rate of ~40%, Indonesia lags behind by 2-3 years in digital adoption when compared to other emerging countries. The concept of online loan & insurance aggregation in Indonesia was introduced by CekAja in 2013 by providing price comparison across multiple loans & insurance products. Following a similar model, new players including Cermati, Aturduit, CekAja, etc entered the industry is currently placed in a growth phase recording a Y-o-Y growth rate of >15% (2018-2019). Leading players have been investing heavily in product & technology development. Yet, they still lag behind when compared to its global peers Paisa Bazaar, one of the leading Online Loan Aggregators in India undertakes ~2Mn inquiries & ~27 Mn visitors per month. Witnessing similar demand patterns in Indonesia as in India, leading players can focus on certain key adoption areas. Firstly, the company has always aimed at becoming a one-stop solution provider. It has been working with a network of financial service providers to provide multiple financial solutions such as loans, insurance, Mutual funds, investments, etc. In the case of financial products, customers often prefer existing vendors instead of trying new ones thereby creating high cross-selling potential. This further helps the aggregator in marginally reducing its customer acquisition cost & increases per client ticket size for the firm. Once the database is maintained, the company can further use predictive analysis to suggest customized solutions to customers thereby attracting them again to the platform. Aggregators players in Indonesia follow a commission/fee-based revenue model wherein commission is provided on the number of loans disbursed or policy sold. While the aggregator runs dedicated marketing campaigns for providers (lump sum amount paid for a certain number of leads), it is suggestive for them to follow a “Hybrid Revenue Model” for the same. This would enable the company to generate “Reward” for every lead supplied above the target provided thereby, creating an opportunity to earn higher revenue. Lastly, Aggregator platform involves a major role play of technology. Aggregators around the world have been deploying highest of AI & Machine Learning modules to create advisory systems (in-house), reducing human role as much as possible thereby saving up on the majority of its operational cost (Telesales). Automated advisory services on these platforms are provided via chat-bot services using AI & predictive modeling to analyze the customer’s background & requirements, matching customer’s needs to options available thereby suggesting most suitable ones. This is observed to be a much-streamlined process, involves much less cost & enables usage of human advisory services (if required) to those in actual need of the product. Following the approach to become a one-stop solution provider, aggregators must consider diversifying into segments of Wealth Management and P2P lending as this could enable them to undertake efficient utilization of customer data and generate higher returns. Companies Covered: – Cermati CekAja CekPremi Futuready Aturduit KreditGogo GoBear Finder Time Period Captured in the Report: – Historical Period: 2015–2019 Forecast Period: 2020-2024 Key Topics Covered in the Report: – Socio-Demographic, Economic, Banking & Fintech Scenario in Indonesia Insurance Scenario in Indonesia with segmentation by Insurance type including Motor Insurance, Health Insurance & Life Insurance Lending scenario in Indonesia with segmentation by Loan to Government, private (Individuals, NBFIs, NFIs) and Others Household/Retail Lending Scenario with Segmentation by Multipurpose Loans, Mortgage loans, Credit Cards, Auto Loans, Loans to MSMEs, Home Appliance Loans & Others Gaps in Traditional Loan Industry fulfilled by Online Loan Aggregators Online Loan Aggregator Industry in Indonesia with Revenue Models followed End-to-End Customer Journey followed Technological & Organizational Structure followed Regulatory Landscape Competitive Landscape including Overview, Ecosystem & Cross Comparison among major players on basis of Operational, Loan/Insurance Providers, Product Portfolio and Website Features Company Profiles- Cermati, CekAja, CekPremi, Aturduit, Futuready & KreditGogo International Case Studies-PaisaBazaar& PolicyBazaar (India) Future Outlook of Loans and Insurance & Online Aggregators Impact of COVID 19 For More Information on the Research Report, refer to below links: – Indonesia Online Loan Aggregator Industry Related Reports by Ken Research: – India Online Loans Market Outlook to 2019 – Industry Transformation by the Advent of Web Aggregators UAE Online Loan Aggregator Industry Outlook to 2024 – Driven by Shifting to Contactless Services & Easy Online Loan Facilitation Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Aturduit Insurance Market Growth Rate, Auto Loans Market in Indonesia, Business Model of Aggregators in Indonesia, CekPremi Motor Insurance Market Share Indonesai, Cermati Insurance Market Share Indonesia, Commission Rate Online Loan Aggregators Indonesia, COVID 19 Impact on Indonesia Loan Industry, Fee rate Loan disbursement Indonesia, Future of Indonesia Online Loan Aggregators Industry, Future of Online Insurance Aggregator in Indonesia, Futuready Indonesia Health Insurance Market, Impact of COVID 19 on Indonesia Loan Industry, Indonesia CekAja Insurance Market Revenue, Indonesia Finder Insurance Market Share, Indonesia Fintech Market, Indonesia GoBear Market Size, Indonesia KreditGogo Market Revenue, Indonesia Online Car Loan Market Analysis, Indonesia Online Insurance Aggregators Industry, Indonesia Online Insurance Aggregators Market, Indonesia Online Loan Aggregators Industry, Indonesia Online Loan Aggregators Industry Research Report, Indonesia Online Loan Aggregators Market, Indonesia Online Loan Aggregators Market Analysis, Indonesia Online Loan Aggregators Market Forecast, Indonesia Online Loan Aggregators Market Growth Rate, Indonesia Online Loan Aggregators Market Major Players, Indonesia Online Loan Aggregators Market Outlook, Indonesia Online Loan Aggregators Market Research Report, Indonesia Online Loan Aggregators Market Revenue, Indonesia Online Loan Aggregators Market Share, Indonesia Online Loan Aggregators Market Size, Indonesia Online Mortgage Loan Market, Indonesia Online Personal Loans Market, Indonesia Online SME Loan Market Growth, Indonesia Retail Loan Industry, Online Brokers in Indonesia, Online Credit Card Market in Indonesia, Online Distribution Loan Indonesia, Online Insurance Aggregators Market Indonesia, Online Insurance Providers in Indonesia, Online Loan Aggregators in Indonesia, Online Loan Aggregators Industry Indonesia, Online Loan Aggregators Market Indonesia, Online Loan Providers in Indonesia, Online Loans Indonesia, P2P lending Market Size Indonesia, PaisaBazaar India Revenue Model in Indonesia, Revenue Model of Loan Aggregator Industry in Indonesia, Revenue Streams Aggregators in Indonesia