17 February 2025 - New set of periodical reporting obligations
Effective 1 January 2025, the Indonesian Financial Services Authority ("OJK") has introduced an overhaul of the periodical reporting requirements for the insurance sector. These updated requirements, encapsulated in Regulation No. 22 of 2024 on Periodical Reporting of Insurance Companies ("Regulation 22/2024"), were officially enacted on 3 December 2024. The periodical reporting requirements were previously regulated under OJK Regulation No. 55/POJK.05/2017 ("Previous Regulation").
Under this new regulation, Indonesian insurers, reinsurers, insurance brokers, reinsurance brokers, and insurance loss appraisers (collectively, "Insurance Companies") must adhere to a revamped set of reporting obligations.
Effective 1 January 2025, the Indonesian Financial Services Authority ("OJK") has introduced an overhaul of the periodical reporting requirements for the insurance sector. These updated requirements, encapsulated in Regulation No. 22 of 2024 on Periodical Reporting of Insurance Companies ("Regulation 22/2024"), were officially enacted on 3 December 2024. The periodical reporting requirements were previously regulated under OJK Regulation No. 55/POJK.05/2017 ("Previous Regulation").
Under this new regulation, Indonesian insurers, reinsurers, insurance brokers, reinsurance brokers, and insurance loss appraisers (collectively, "Insurance Companies") must adhere to a revamped set of reporting obligations.