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Indonesia: Regulator issues new rules to facilitate approval of insurance products

The issuance of a new regulation (POJK Number 8 of 2024) concerning "Insurance Products and Marketing Channels for Insurance Products", will facilitate the licensing of insurance products, according to Financial Services Authority (OJK). ....

Togar Pasaribu , Aman Santosa , Indonesian Life Insurance Association , Communication Department , Financial Inclusion ,

Indonesia: Regulations for unit-linked insurance plans to be strengthened

The Financial Services Authority (OJK) will strengthen regulations governing investment-linked insurance plans so as to minimise misunderstanding by policyholders and to improve operations and governance at insurance companies. ....

Togar Pasaribu , Bank Financial Industry Supervision Department , Indonesian Life Insurance Association ,