Nusa Dua, Bali, Oct. 18 -- Indonesia's Minister for Micro, Small, and Medium Enterprises (MSMEs) Maman Abdurrahman has urged greater insurance adoption among small businesses to strengthen resilience against disasters and economic shocks.

"Amid global economic uncertainty and the growing threat of climate change, insurance is a crucial instrument for MSMEs," he said during the Insurance Day 2025 event in Nusa Dua, Bali, on Saturday.

Despite their vital role in the economy, only about 2.96 percent of MSMEs in Indonesia have disaster insurance, and 53 percent have made no preparations to face potential disasters, he noted.

Data from the MSME Ministry show that Indonesia has about 57 million MSME entrepreneurs, contributing 61.2 percent t...