Indonesia: OECD delegation commends reform measures in insurance and pension fund sectors
Source: Asia Insurance Review | Jul 2026
The Organisation for Economic Co-operation and Development (OECD) has commended the various reform measures being implemented by the Financial Services Authority (OJK) in the insurance and pension fund sectors to strengthen financial sector resilience, enhance consumer protection, and encourage healthy and sustainable industry development.
A statement released by the OJK said that the remarks were made by OECD Head of Insurance and Pensions Pablo Antolín, who is on a fact-finding mission. The OECD visit, from 5th to 11th June, is part of Indonesia’s accession process to full membership in the OECD. Mr Antolin was accompanied by OECD Senior Policy Analyst Timothy Bishop, and OECD Policy Analyst and Actuary Jessica Mosher.
OJK Board of Commissioners Chair Friderica Widyasari Dewi stated that the fact-finding mission is a crucial opportunity to strengthen policy dialogue and showcase the various financial sector reforms Indonesia is undertaking.Ms Friderica explained that amidst various global challenges, the Indonesian economy continues to demonstrate strong resilience, supported by solid domestic consumption and investment. Meanwhile, the financial services sector is in a healthy, stable condition.
Mr Antolín stated that the OECD recognises several strengths in Indonesia, including efforts to address the protection gap through increased financial inclusion and the development of microinsurance, a strong regulatory and supervisory framework, reforms towards a risk-based solvency framework, the implementation of IFRS 17, strengthening actuarial capacity, and a comprehensive pension fund reform roadmap. A