The contest for coverage: Major players prepare to profit from long-term potentialOBGplus
With GDP growth at 6.1% in 2010 and forecast to reach 6.6% in 2011, on the back of buoyant consumption, expectations are high for insurance in Indonesia. The industry has enjoyed stable growth since the 1997-98 Asian financial crisis, particularly over the past five years, with gross premiums growing an average of 23% annually since 1996 to reach a total of Rp133.5trn ($16.02bn) in 2010, a 25%…