Mandatory motor third party liability insurance program delayed in Indonesia

Initially scheduled to come into force in January 2025, the implementation of mandatory motor third-party liability insurance has been delayed.

The Indonesian Financial Services Authority (OJK) is currently awaiting a government regulation before proceeding with the program.

No details have been released as to when the regulation will be issued.

Motor third-party liability insurance is presently only mandatory for vehicles purchased through loans from banks or multifinance companies.