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New regulations for Indonesian insurance intermediaries

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Magazine Issue: 
Reinsurance at the crossroads [3]
Magazine date: 
Jan 2023

intermediaire d'assuranceThe Indonesian Financial Services Authority (OJK) has issued new regulations governing the insurance intermediary activity.

The new rules include several provisions such as regulations on online insurance brokerage services, the frequency of periodic reports submission, the relationship between the insurer and the intermediary and laws relating to administrative sanctions.

The new regulations became effective on 28 December 2022.

Read also | Negative outlook for the Indonesian non-life insurance market [4]

Tue, 17/01/2023 - 14:32

Source URL: https://www.atlas-mag.net/en/category/pays/indonesie/new-regulations-for-indonesian-insurance-intermediaries

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[4] https://www.atlas-mag.net/en/category/pays/indonesie/am-best-negative-outlook-for-the-indonesian-non-life-insurance-market