Indonesia Online Loan & Insurance Aggregator market has been growing at a Y-o-Y growth rate of >15%. Will Indonesia Online Loan & Insurance Aggregator market continue this growth trajectory? : 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 1. Internet Availability and Financial Services in Indonesia Click to Read Full Article: Indonesia Online Loan and Insurance Internet user penetration of ~40%, highlighting small internet user base, however, connected ones are highly tech savvy. With mobile data being extremely cheap (~50% of other ASEAN countries), ~70% of internet users access it via mobile. Occupying one of world’s largest digital audience of ~150 Mn, spending ~ 3-4 hours on social media every day. On basis of usage top Social Media Platforms include YouTube (88%), WhatsApp (83%), Facebook (81%), Instagram (80%) & Line (59%). Majority of population being unbanked, as of 2019 ~40% of population had access to banking services. Opportunity for e-money brands with major spending on online shopping (84%), buying data vouchers for smart phones (47%), and paying regular bills (28%). 6x growth in number of digital finance apps since 2010, reaching total of 140 apps as of 2019. 2. Growing with 106 Fintech Lending Platforms registered under OJK Indonesia as of April 2019. Request a Free Sample to learn more about the report: Click here MSMEs have been main pillar behind country’s growth contributing ~60% to GDP (2019), however their development is often hampered with lack of credit opportunities provided by conventional sources ~70% of Indonesian population suffer from Credit Inaccessibility (2018) owing to limited physical outreach (outside Java region). Benefitting from high internet accessibility, fintech lending can be a perfect solution Leading Banks like Mandiri, BRI, BNI are engaging in partnerships with fintech companies to acquire technological solutions (digital banking, AI & data analytics), e-payment services & reach larger audience. 3. Indonesia Insurance Industry attractive opportunity for investors with low penetration rate & high profitability. Visit this Link: – Request for custom report Insurance Penetration Rate: Indonesia’s insurance market consists of comparatively higher number of policy buyers given its high population. Bancassurance Leading: According to Indonesia Life Insurance Association (AAJI) Bancassurance continues to be one of the most preferred choices growing at a rate of ~20% (January 2019) owing to the demand from financially literate banked population taking insurance for investment purposes. Unicorn Partnerships: Leveraging on huge user bases of e commerce platforms & their established payment systems, banks collaborate with them to provide digital pathways to buying traditional solutions. In 2019, Allianz partnered with Bukalapak to provide “touch of a finger” insurance product. Micro Insurance Products gaining Traction: Providing creative lifestyle focused microinsurance products with smaller premiums & limited coverage scope, these are sold at affordable prices of as low as IDR 10,000. According to OJK, ~22 Mn Micro Insurance policies were sold as of June 2019. 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