Video: Sluggish Automotive Sector, Strategies to Boost Motor Vehicle Insurance Portfolio

Jakarta, CNBC Indonesia - 2025 is described by President Director of PT Asuransi Mitra Pelindung Mustika (MPMinsurance), Wayan Pariama, as a year full of challenges for Indonesia’s insurance industry. This includes global economic and geopolitical conditions rife with uncertainty, the slowdown in national automotive sales which is a mainstay portfolio for general insurance, and weakening consumer purchasing power, all pressuring the insurance business. In 2026, general insurance will still face challenges amid rising global economic and geopolitical tensions. Thus, to boost insurance business performance amid these challenges, MPMinsurance is utilising the MPM Group and Saratoga Investama Sedaya ecosystems. MPMinsurance is optimistic about driving insurance business by promoting competitive product innovations that meet customer needs. Currently, MPMinsurance is dominated by retail motor vehicle business and is supported by property insurance and engineering insurance. MPMinsurance is also leveraging digitalisation application services to drive general insurance penetration to reach a larger market and young people. What are the challenges and business strategies for general insurance in 2026? For more details, see the dialogue between Shania Alatas and President Director of PT Asuransi Mitra Pelindung Mustika (MPM Insurance), Wayan Pariama, in Power Lunch (Wednesday, 11/03/2026).