Encourage Positive Growth, MPMinsurance Appreciates The Role Of Agents

JAKARTA - PT Asuransi Mitra Perlindungan Mustika (MPMinsurance) has again shown its commitment to building synergies with agents. This is through an appreciation event that is a forum for togetherness as well as a reflection of the achievements that have been achieved.

For MPMinsurance, the role of agents is one of the main keys in the company's positive growth, which continues to show solid performance in the midst of the dynamics of the insurance industry. This event was held in Kuningan, South Jakarta, with the title Agent Mingle Time 2025 which was attended by representatives of MPMinsurance management and top agents.

In a warm and enthusiastic atmosphere, this event is an opportunity for MPMINsurance and agents to share experiences, strengthen the network, and gain insight into industrial strategies and opportunities in the future.

The presence of agents in the MPMinsurance ecosystem proves that solid cooperation can create positive impacts, both for companies, potential consumers, and the public to better understand the importance of insurance protection.

MPMINsurance CEO Alexander Setokusumo expressed his appreciation to all agents who have contributed to the company's growth. "We really appreciate the hard work and dedication of agents who have become important partners in providing the best protection for consumers," he said in a written statement, Monday, February 17.

At MPMinsurance, his party always upholds the values of DNA, namely, Protection, Advisory, and Reliability. he said, MPMinsurance wants to ensure that every agent, management, and all MPMinsurance employees apply these values in every service provided.

"Protection means providing maximum protection for consumers, Advisory is our commitment to providing the best solutions according to their needs, and Reliability reflects the trust and certainty that MPMinsurance is always present when needed," he said.

On this occasion, MPMinsurance's Deputy Director of Marketing, Poppy Panca, added that the agent's contribution was clearly evident in the achievement of MPMinsurance until the third quarter of 2024.

In the midst of industrial challenges, MPMinsurance recorded a positive growth of 11 percent through the channel agent, when the insurance industry actually experienced a 21 percent decline in the same channel in the third quarter of 2024.

Thanks to this good achievement, MPMinsurance experienced a 6-ranked increase in the market and an additional 0.2 percent market share, driven by premium growth of 32 percent.

Until the third quarter of 2024, MPMINsurance recorded positive growth, especially in the property and motorized vehicle segments. In the property segment (proper insurance).

In the property segment, MPMinsurance's premium has seen a significant increase of 69 percent, far beyond the industry's average growth of only 26 percent. This growth is further strengthened by agent contributions increasing by 27 percent, demonstrating their strategic role in expanding property insurance protection access amid rising market needs.

Meanwhile, in the motorized vehicle sector, the MPMinsurance premium grew by 2 percent, higher than the industrial growth which only reached 1 percent.

Agents are again playing an important role in this achievement, with contributions increasing by 16 percent, reflecting the effectiveness of the company's strategy in strengthening distribution networks and presenting vehicle protection solutions relevant to consumer needs.

This positive performance is also further strengthened by the A+ ranking which was again achieved by MPMinsurance from Fitch Ratings which was released in December 2024. This ranking reflects the company's solid financial strength and the company's ability to maintain stability amid industrial challenges.

With a healthy financial ratio and a directed business strategy, MPMINsurance continues to show its commitment to providing reliable protection for consumers and business partners.

As part of this togetherness celebration, two agent representatives shared their impressions and messages during their collaboration with MPMinsurance. They expressed appreciation for the good experience they have undertaken, and emphasized how MPMinsurance has proven its ability to provide the best protection for consumers.

In addition, they also highlighted how MPMinsurance is able to maintain trust with a smooth claim process and claims payments that go as expected, providing a sense of security for consumers when they need protection.

On this occasion, MPMinsurance also officially introduced Wayan Pariama as Deputy CEO of MPMinsurance. With extensive experience in the insurance industry, Wayan Pariama is expected to bring a new perspective in strengthening business strategies and increasing the company's competitiveness in the market. Its presence in management is part of the company's steps in continuing to adapt to industrial development.

With the support of a strong network of agents and the stronger management foundation, MPMinsurance is optimistic to continue to expand its reach and continue to strive to provide the best and innovative service for customers, in order to answer the growing need for protection.