Ekonomi Bisnis
Vol 27, No 2 (2022)

COMPETITION ANALYSIS OF THE PUBLIC INSURANCE INDUSTRY IN INDONESIA

Nabila Natasha (School of Business IPB University)



Article Info

Publish Date
14 Jul 2022

Abstract

This study aims to analyze the general insurance industry competition in Indonesia. The research method uses a qualitative descriptive approach. This research was conducted at one of the general insurance companies in Indonesia. Data collection techniques were carried out by interview and questionnaire methods. Determination of research respondents using an expert sampling technique. The analytical approach used is Porter’s five forces analysis developed by Michael Porter. The analysis results show that all five variables of Porter’s power affect the general insurance industry. The variable threat of new entrants has a powerful influence on the general insurance industry. To win the competition in the industry, insurance companies can develop existing products or new products according to the needs of consumers. Companies can also build employee capabilities to minimize the role of brokers in the business.

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Journal Info

Abbrev

ekbis

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Ilmiah Ekonomi Bisnis is a journal through a peer-review process. Jurnal Ilmiah Ekonomi Bisnis is intended for academics and researchers to publish their articles which is an original text that has not been published in another journal. The focus and scope are in the fields of management, ...