MDRT Day Indonesia 2021 Will Still Be Held, AAJI Hopes The Life Insurance Agent Profession Is More Known To The Public

MDRT Indonesia Country Chair Miliana Marten. (Screenshot of MDRT Day Indonesia 2021 virtual press conference)

JAKARTA - Even in the midst of the ongoing COVID-19 pandemic, the Million Dollar Round Table (MDRT) Indonesia is still holding MDRT Day Indonesia 2021 with the concept of a virtual event. This year's theme is Beyond The Horizon, which will be held on July 28 - 29, 2021.

This year MDRT Day Indonesia will present more national and international speakers who are specially curated experts and practitioners. For this reason, in 2021 for the first time MDRT Day Indonesia will be held in a two-day duration.

MDRT Day Indonesia is an inspiring seminar activity and is always awaited by life insurance agents who want to develop into international standard agents.

The seminar, which is held annually, aims to continue to encourage the professionalism of insurance agents through increased competence, which not only has an impact on productivity but also more fundamentally, namely the capacity of insurance agents as reliable financial planners in the insurance sector and can compete as advisors in global financial markets. .

Every year the number of MDRT members in Indonesia continues to grow along with the increasing awareness of insurance agents to continuously improve their competence as financial advisors. In the midst of the pandemic, the number of Indonesian MDRT members has increased by 33 percent from 2,745 people in 2020 to 3,641 people in 2021.

"It turns out that the number of MDRT members this year exceeds our target. Of course this number is not comparable to the number of life insurance agents which currently reach 610,000 certified agents," said MDRT Indonesia Country Chair Miliana Marten at the MDRT Day Indonesia 2021 virtual press conference in Jakarta , July 6th.

Data from the Indonesian Life Insurance Association (AAJI), in the first quarter of 2021 stated that the number of life insurance agents or marketers was 610,744 people, of which 90.6 percent of the total marketers came from agency channels. This shows that the penetration of life insurance relies heavily on agents.

With the growth in the number of licensed agents, Executive Director of AAJI, Togar Pasaribu, emphasized that MDRT membership will also increase because the association will continue to encourage the growth of MDRT members to be in line with the growth in the number of life insurance agents as a whole.

With the existence of MDRT, it is hoped that the agent profession will be increasingly recognized by the wider community. Currently, more and more people are pursuing a profession as a Life Insurance Agent, not to mention young people or millennials.

Life insurance agents have begun to be sought by the public as a companion in providing education about family financial planning and are seen as promising career opportunities.

AAJI reminds all marketers not to engage in agent hijacking/poaching, twisting, mis-selling and sales practices that violate ethics.

"Recruit new marketers from outside the industry so that this profession is more widely known," said Togar on the same occasion.

AAJI is optimistic that the increasing number of life insurance agents in Indonesia will increase the level of public awareness of the importance of insurance as long-term protection.

Therefore, said Togar, life insurance companies need to provide full support for the development of life insurance agents in the country, through capacity building and giving the highest appreciation as an effort to continue to motivate even better performance.

Meanwhile, the Committee Chair of MDRT Day Indonesia 2021, Johan Fanggara said, last 2020 was a very challenging year for all lines of industry including insurance.

"Many insurance agents are confused, afraid, even full of uncertainty. But behind all these storms and waves there is actually a horizon line that symbolizes a new opportunity and a new hope. Therefore, the theme for MDRT Day Indonesia 2021 is Beyond The Horizon," said Johan.

Every year the enthusiasm of insurance agents in attending the MDRT Day Indonesia seminar is always high. It is evident from the attendance in 2020 which almost reached 6,000 participants and this year it is expected to exceed 6,000 participants.

MDRT is an association of insurance professionals from around the world that has been established since 1927 which is also known as The Premiere Association of Financial Professionals.

Currently, global MDRT membership reaches more than 90,000 life insurance and financial services professionals from 500 companies from 70 countries around the world. MDRT membership is recognized internationally as a high standard of quality in the world of life insurance and financial services.

MDRT Indonesia is part of MDRT which was designated as a separate zone (18th Zone) in May 2001 by the Membership Communications Committee. In 2006 Indonesia was included in the 14th Zone (Southeast Asia Zone - South East Asia).

With the entry of MDRT Indonesia into the 14th zone, MDRT formed the Membership Communications Committee (MCC), an organizational structure consisting of MDRT members dedicated to providing a variety of publications and information to MDRT members and to all life insurance companies throughout Indonesia. .

MCC has the responsibility to disseminate information about the benefits of being MDRT, monitor industry activities, and act as a two-way communication bridge between MDRT members in Indonesia and MDRT Headquarters.