The uncertainty and economic turbulence that have recently occurred require the public to understand the essence and function of financial protection. The insurance and reinsurance industry has shifted its role to become the main backbone that maintains financial stability, for individuals, families, and corporations alike.
Responding to this situation, MBA FEB UGM Jakarta Campus held a webinar titled CFP Talk Navigating Insurance 2026: Preparing Protection in an Era of Uncertainty, providing insights and their implications for financial protection strategies for the public.
“Risk never asks for permission, never knocks on the door, and will never wait until we are ready. That is where the value of protection is tested, because it is needed most precisely in the most difficult circumstances,” said Prof. Gugup Kismono, M.B.A., Ph.D., in his remarks.
Insurance is not merely a commercial product, but a solid foundation for financial resilience. The presence of this protection aims to ensure that valuable assets built through hard work can be preserved, without having to be forcibly sold off or suddenly lost when facing a particular emergency situation.
In his presentation, Delil Khairat, Director of Operations Engineering at Reasuransi Indonesia Utama (Persero), explained the concept of the Four Risk Quadrants, based on two main indicators: Severity (Impact) and Frequency (Occurrence). He emphasized that risks with low frequency or infrequent occurrence but high severity impact are actually the heart of the insurance industry. Meanwhile, risks with both high frequency of occurrence and high severity impact must absolutely be avoided.
Insurance operates on the principle of pooling and spreading. In simple terms, it works through the principle of shared risk. Through small contributions from each person pooled together, the uncertainties of life that loom over us can be tempered into something more stable and secure. Beyond providing compensation, insurance plays a role in untangling the complexity of financial risk and has become an inseparable part of a healthy future-planning ecosystem.
Amid the ongoing disruption, the presence of professional financial planners (CFPs) plays a central and crucial role. A CFP’s job is to help clients view insurance as a strategic tool capable of preserving family assets, stabilizing cash flow, preparing for a more secure future, and guiding the achievement of long-term life goals.
Humas: Suci Hapsari
Editor: Alfian Rama Aditya
