Expertise: Insurance

Fintech in Indonesia – Insurance Products, Credit References

In principle, the selling and marketing of insurance products in Indonesia is regulated and licensed by the Financial Services Authority (OJK), although there seems to be no differentiation yet between fintech companies and companies that engage in the conventional selling and marketing of insurance products. In practice, licensed insurance companies in Indonesia have been selling Fintech in Indonesia – Insurance Products, Credit References

SSEK Contributes Q&A Guide on Insurance and Reinsurance in Indonesia

Ira A. Eddymurthy, a senior partner at SSEK, has contributed a Q&A guide on Insurance and Reinsurance in Indonesia. The Thomson Reuters Practical Guide on Insurance and Reinsurance in Indonesia provides a high-level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a SSEK Contributes Q&A Guide on Insurance and Reinsurance in Indonesia

Indonesia Relaxes Foreign Ownership Rules for Insurance Companies

The Government of Indonesia (GOI) has issued Government Regulation No. 3 of 2020 (GR 3), which amends Government Regulation No. 14 of 2018 regarding Foreign Ownership in Insurance-Related Companies (GR 14). GR 3 relaxes foreign ownership rules for insurance-related companies in Indonesia. Foreign Ownership for Insurance Companies Under GR 14 GR 14 limits foreign ownership Indonesia Relaxes Foreign Ownership Rules for Insurance Companies