Whilst the regulator can develop strategies and regulations to encourage the industry to play a significant role in supporting economic growth and development, as well as financial inclusion, the implementation of its regulations are only as effective as the industry's efforts to put them into practice, said Mr Edy Setiadi, Deputy Commissioner of Non-Bank Financial Institutions (NBFI) Supervision 1, Indonesia Financial Services Authority (OJK), who delivered the official keynote address at the 4th Asia Insurance Brokers' Summit in Bali yesterday.