Video: Global War Concerns Drive General Insurance Innovation Strategy for 2026

Jakarta, CNBC Indonesia — 2025 has been described as a challenging year for Indonesia’s insurance industry by Wayan Pariama, President Director of PT Asuransi Mitra Pelindung Mustika (MPMinsurance).

Global economic and geopolitical uncertainty, coupled with slowing national automotive sales—a key portfolio for general insurers—and weakening consumer purchasing power have pressured the insurance sector.

Looking ahead to 2026, general insurers anticipate continued challenges as economic and geopolitical tensions mount globally. In response, MPMinsurance is leveraging the ecosystem of MPM Group and Saratoga Investama Sedaya to strengthen business performance amid these headwinds.

The company remains optimistic about driving growth through competitive product innovation tailored to customer needs. MPMinsurance’s core business remains motor vehicle insurance for the retail sector, complemented by property insurance and engineering insurance offerings.

The insurer is also utilising digital application services to expand general insurance penetration, targeting larger markets and younger consumers. A detailed discussion on the challenges and business strategy for general insurance in 2026 was featured in the Power Lunch programme on Wednesday, 11 March 2026, between presenter Shania Alatas and Wayan Pariama.