Video: Ripple Effects of War, War Risk Insurance Premiums Rise

Jakarta, CNBC Indonesia - President Director of MPM Insurance, Wayan Pariama, has revealed several impacts of global geopolitical turmoil on the general insurance industry. For MPM Insurance (PT Asuransi Mitra Pelindung Mustika), which focuses on asset protection and loss coverage, the Middle East war is most acutely felt in cargo/shipping insurance, marine hull/shipping insurance, and even motor vehicle/motorcycle and travel insurance.

Currently, there has been an impact in the form of rising war risk premiums related to shipping passing through conflict areas, so the longer the conflict persists, the more insurance interest decreases and claims increase.

Meanwhile, on the electric vehicle insurance side, there is currently an increase in demand, which supports sales of conventional internal combustion engine (ICE) fuel-based vehicles that are under pressure.

Wayan Pariama also highlighted several other challenges in the general insurance industry, namely the still low market penetration, which requires efforts to increase education and ease of transactions through technological services.

For more details, watch the dialogue between Syarifah Rahma and President Director of MPM Insurance, Wayan Pariama, in Power Lunch, CNBC Indonesia (Friday, 17/04/2026).