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Aug 2020

Country Profile - Indonesia: New regulations to protect domestic market

Source: Asia Insurance Review | Oct 2015

Sixteen regulations are presently in the pipeline of the Otoritas Jasa Keuangan (OJK) with release date any time from now to next year. These drafts are meant to enhance the domestic insurance market and to protect policyholders. As they are drafted with consultative feedback, strong support for these new rules enforcement is expected. Will this change the market? We bring you an exclusive interview with the regulator and also hear from market players. 

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