Feature

Pricing, tech, and consortiums key to solving capacity crunch as Indonesia’s mandatory TPL looms

Motor insurers are anticipating opportunities that will arise from mandatory third-party liability, but changes have the potential to reshape the market.

By Ellis Ng

July 10, 2024

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7 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.