Maipark Maintains Strong Premium Growth Amid Challenging Market Conditions

Robust Performance Through September 2025

PT Reasuransi Maipark Indonesia (Maipark) has reported a 9.8% year-on-year premium growth as of September 2025, significantly outperforming the industry average growth of 3.38%. CEO Kocu Andre Hutagalung attributed this success to the company's strong risk management practices and financial discipline. Despite feeling the impact of market slowdown from their general insurance partners, Maipark remains optimistic about achieving double-digit growth by the end of 2025.

Strategic Risk Management

Maipark's confidence is backed by its robust financial health, with net income reaching 86% of its 2025 target as of September. The company maintains strong financial ratios by implementing advanced risk management techniques. For instance, Maipark uses a Value at Risk (VaR) method with a Confidence Level above 95% for premium reserves, exceeding regulatory requirements.

Market Context and Future Outlook

The general insurance and reinsurance industry recorded a 3.38% YoY growth in premiums to Rp113.49 trillion as of September 2025, according to the Financial Services Authority (OJK). While this represents an 11.25% month-on-month increase, it remains below the 9.78% growth recorded in September 2024. Kocu Andre explained that this slowdown is part of market cycles and macroeconomic adjustments.

Strategic Focus

Maipark is focusing on strengthening its internal performance and enhancing services to cedants. As a specialist in natural disaster risks, the company is preparing for various catastrophe scenarios while hoping for a conducive remainder of the year. By positioning itself as an essential part of the insurance value chain, Maipark aims to provide customized value propositions to its partners.