Magazine

Oct 2015

Read the latest edition of AIR and MEIR as an Interactive e-book

Country Profile


Country Profile - Indonesia: New regulations to protect domestic market

Sixteen regulations are presently in the pipeline of the Otoritas Jasa Keuangan (OJK) with the release date any time from now to next year. These drafts are meant to enhance the domestic insurance market and to protect policyholders. We bring you an exclusive interview with the regulator and also hear from market players.


Country Profile - Indonesia: Interview with the Regulator: Poised for change

Insurers in Indonesia can expect more changes in the pipeline as the regulator works tirelessly to boost the country's insurance market and its governing framework. In this exclusive interview, Dr Firdaus Djaelani, CEO of Non-Bank Financial Industry Supervision, Otoritas Jasa Keuangan (OJK) tells us more. By Dawn Sit


Country Profile - Indonesia: Non-life: Cession rules have market's support

The OJK's introduction of the cession rules did not necessarily come as a surprise as the plan had been touted in the past, say some industry players. Yet there are challenges faced by the market in complying with the rules as they await the final draft before the year-end. By Dawn Sit

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Country Profile - Indonesia: Life - AXA wants to become Indonesians' protector of choice

Like most developing countries in Asia, Indonesia's middle-class and affluent population is growing but the penetration rate for life insurance remains low. AXA Financial Indonesia gives a quick overview of the life insurance sector there and its aim to protect the population.

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Country Profile - Indonesia: Recapturing reinsurance market - Game on

With the introduction of compulsory cession rules and a mega reinsurer in the pipeline, Indonesia means business as it steps up its reinsurance game, and aims to recapture some 70% of the premium outflow -IDR19 trillion (US$1.33 billion) in 2013 - by 2020. By Dawn Sit


Country Profile - Indonesia: New regulation for foreign workers in Indonesia

The 2015 Regulation imposes stricter requirements on all Indonesian companies - including insurers and reinsurers - intending to hire expatriates to work in Indonesia. The key changes follow. By Ms Susandarini, a Partner at Susandarini & Partners in association with Norton Rose Fulbright Australia