News
&
Knowledge

Get the latest news about MPM Insurance and Knowledge about general insurance in Indonesia
Read More

MPM Insurance Receives “Best General Insurance 2019” by Media Asuransi

01 Aug 2019

Media Asuransi gave awards to the best general insurance companies in the event of "Insurance Award 2019" in Jakarta, 23rd July 2019. There are 15 general insurance companies determined by Insurance Award 2019 Jury as Best General Insurance.

Based on the results conducted by the Lembaga Riset Media Asuransi (LRMA), there are 73 general insurance companies that have better achievement in 2018 rather than in 2017. These companies are divided into 5 groups based on their equity: Rp 100 billion - Rp 200 billion , Rp 200 billion - Rp 300 billion, Rp 300 billion - Rp 500 billion, Rp 500 billion - Rp 1.5 trillion, and above Rp 1.5 trillion. From each of these groups, the Jury appointed 3 of the best general insurance companies to get the "Best General Insurance 2019" award.

PT Asuransi Mitra Pelindung Mustika (MPM Insurance) topped the list and won the "Best General Insurance 2019" award for the Equity group of Rp 300 billion - Rp 500 billion.

MPM Insurance's performance improvement in 2018 was based on Direct Premium growth which reaches 27%, Underwriting Results that increase up to 8%, and Investment Yields that increase by 10%. Completion Rate of MPM Insurance claims also get the highest score in its class, which is 98%. In addition, the company's assets also increased from Rp 782.90 billion in 2017 to Rp 1.03 trillion in 2018.

"Alexander H Setokusumo, who has more than 20 years of experience in the general insurance industry, has proven that this MPM in 2018 can continue to manifest the company's vision and mission. That is, to be able to provide positive value through accurate and valuable insurance products to consumers."

 

Source: Majalah Media Asuransi (July 2019 edition, No. 342, Year XXXIX)