Indonesia Usage-Based Insurance Market (2025-2031) Outlook | Trends, Forecast, Growth, Size, Analysis, Share, Companies, Revenue, Value & Industry

Name: Indonesia Usage-Based Insurance Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Package (PAYD, PHYD, MHYD), By Technology (OBD-II, Black box, Smartphone, Embedded), By Vehicle Age (New, Old) And Competitive Landscape

Product Code: ETC4569149	Publication Date: Jul 2023	Updated Date: Aug 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

Indonesia Usage Based Insurance Market Overview

The Usage-Based Insurance (UBI) market in Indonesia represents a transformative approach to insurance policies, where premiums are determined based on individual driving behavior and patterns. This innovative model leverages telematics and IoT technologies to monitor and assess factors such as driving speed, distance traveled, and braking habits. By incentivizing safe driving practices, UBI not only benefits policyholders with potentially lower premiums but also promotes overall road safety and responsible driving behavior.

Drivers of the Market

The usage-based insurance market in Indonesia has emerged as a dynamic sector within the insurance industry. With a growing awareness of personalized insurance solutions, consumers are increasingly inclined towards policies based on their actual driving behavior. Telematics and IoT technologies play a crucial role in enabling insurers to offer customized coverage. This shift towards usage-based insurance is also aligned with efforts to promote safer driving habits, ultimately leading to reduced accident rates and improved road safety across the country.

Challenges of the Market

The usage-based insurance market in Indonesia confronts challenges tied to data collection, privacy concerns, and adoption rates. Gathering accurate and reliable data for usage-based insurance requires widespread telematics adoption, which is not yet universal in Indonesia. Moreover, addressing concerns about privacy and data security is crucial to build trust among potential users. Convincing consumers to switch from traditional insurance models to usage-based options is also a hurdle, necessitating effective marketing and education campaigns.

COVID-19 Impacts on the Market

The usage-based insurance market was impacted positively during the pandemic, as it offered personalized pricing for individuals driving less due to lockdowns. Insurers in Indonesia leveraged this opportunity to attract more customers seeking cost-effective coverage.

Key Players of the Makret

The Indonesia usage-based insurance market is gaining traction as insurance companies seek innovative ways to tailor policies for drivers. Key players include established insurance firms like Allianz, which has introduced usage-based insurance products in the country. Other insurers such as AXA and Tokio Marine have also ventured into this space, leveraging telematics technology to provide personalized insurance options.

Key Highlights of the Report:

Indonesia Usage-Based Insurance Market Outlook
Market Size of Indonesia Usage-Based Insurance Market, 2024
Forecast of Indonesia Usage-Based Insurance Market, 2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Revenues & Volume for the Period 2021-2031
Indonesia Usage-Based Insurance Market Trend Evolution
Indonesia Usage-Based Insurance Market Drivers and Challenges
Indonesia Usage-Based Insurance Price Trends
Indonesia Usage-Based Insurance Porter's Five Forces
Indonesia Usage-Based Insurance Industry Life Cycle
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By Package for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By PAYD for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By PHYD for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By MHYD for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By OBD-II for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By Black box for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By Smartphone for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By Embedded for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By Vehicle Age for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By New for the Period 2021-2031
Historical Data and Forecast of Indonesia Usage-Based Insurance Market Revenues & Volume By Old for the Period 2021-2031
Indonesia Usage-Based Insurance Import Export Trade Statistics
Market Opportunity Assessment By Package
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Vehicle Age
Indonesia Usage-Based Insurance Top Companies Market Share
Indonesia Usage-Based Insurance Competitive Benchmarking By Technical and Operational Parameters
Indonesia Usage-Based Insurance Company Profiles
Indonesia Usage-Based Insurance Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Indonesia Usage-Based Insurance Market Overview

3.1 Indonesia Country Macro Economic Indicators

3.2 Indonesia Usage-Based Insurance Market Revenues & Volume, 2021 & 2031F

3.3 Indonesia Usage-Based Insurance Market - Industry Life Cycle

3.4 Indonesia Usage-Based Insurance Market - Porter's Five Forces

3.5 Indonesia Usage-Based Insurance Market Revenues & Volume Share, By Package, 2021 & 2031F

3.6 Indonesia Usage-Based Insurance Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Indonesia Usage-Based Insurance Market Revenues & Volume Share, By Vehicle Age, 2021 & 2031F

4 Indonesia Usage-Based Insurance Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing adoption of telematics technology in vehicles in Indonesia

4.2.2 Growing awareness about benefits of usage-based insurance, such as personalized pricing and safer driving habits

4.2.3 Government support and favorable regulations promoting usage-based insurance offerings

4.3 Market Restraints

4.3.1 Concerns about data privacy and security among consumers

4.3.2 Lack of standardized telematics systems across different vehicle models

4.3.3 Limited awareness and understanding of usage-based insurance among potential customers

5 Indonesia Usage-Based Insurance Market Trends

6 Indonesia Usage-Based Insurance Market, By Types

6.1 Indonesia Usage-Based Insurance Market, By Package

6.1.1 Overview and Analysis

6.1.2 Indonesia Usage-Based Insurance Market Revenues & Volume, By Package, 2021-2031F

6.1.3 Indonesia Usage-Based Insurance Market Revenues & Volume, By PAYD, 2021-2031F

6.1.4 Indonesia Usage-Based Insurance Market Revenues & Volume, By PHYD, 2021-2031F

6.1.5 Indonesia Usage-Based Insurance Market Revenues & Volume, By MHYD, 2021-2031F

6.2 Indonesia Usage-Based Insurance Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Indonesia Usage-Based Insurance Market Revenues & Volume, By OBD-II, 2021-2031F

6.2.3 Indonesia Usage-Based Insurance Market Revenues & Volume, By Black box, 2021-2031F

6.2.4 Indonesia Usage-Based Insurance Market Revenues & Volume, By Smartphone, 2021-2031F

6.2.5 Indonesia Usage-Based Insurance Market Revenues & Volume, By Embedded, 2021-2031F

6.3 Indonesia Usage-Based Insurance Market, By Vehicle Age

6.3.1 Overview and Analysis

6.3.2 Indonesia Usage-Based Insurance Market Revenues & Volume, By New, 2021-2031F

6.3.3 Indonesia Usage-Based Insurance Market Revenues & Volume, By Old, 2021-2031F

7 Indonesia Usage-Based Insurance Market Import-Export Trade Statistics

7.1 Indonesia Usage-Based Insurance Market Export to Major Countries

7.2 Indonesia Usage-Based Insurance Market Imports from Major Countries

8 Indonesia Usage-Based Insurance Market Key Performance Indicators

8.1 Percentage increase in the number of vehicles equipped with telematics devices

8.2 Average reduction in claims frequency and severity among policyholders using usage-based insurance

8.3 Growth in the number of partnerships between insurance companies and telematics service providers

8.4 Customer satisfaction rates for policyholders using usage-based insurance

8.5 Percentage increase in premium revenue from usage-based insurance policies

9 Indonesia Usage-Based Insurance Market - Opportunity Assessment

9.1 Indonesia Usage-Based Insurance Market Opportunity Assessment, By Package, 2021 & 2031F

9.2 Indonesia Usage-Based Insurance Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Indonesia Usage-Based Insurance Market Opportunity Assessment, By Vehicle Age, 2021 & 2031F

10 Indonesia Usage-Based Insurance Market - Competitive Landscape

10.1 Indonesia Usage-Based Insurance Market Revenue Share, By Companies, 2024

10.2 Indonesia Usage-Based Insurance Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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