Case Study: Logistics Insurance – Market Potential Study for Logistics Insurance in Indonesia

The challenge

A well-known insurance company in Indonesia planned to launch a new financial product for the local logistics industry.

The objective of the study was to assess the potential of the Indonesian logistics market from the perspective of an insurer.

The process

Spire used secondary sources to identify general financial trends in the logistics industry. In-depth interviews were then held with logistics associations and leading logistics players in Indonesia to understand their concerns on insurance.

The results

Our client gained insights on the financial needs of leading logistics companies in Indonesia and proceeded to develop insurance
products as well as associated go-to-market plans based on Spire’s analysis and recommendations.

Project deliverables included a logistics industry overview and general information on the leading 50 logistics companies in Indonesia, out of which the top 20 were given detailed profiles.