DUBLIN--(BUSINESS WIRE)--The "Governance, Risk and Compliance - The Indonesian Insurance Industry'" report has been added to Research and Markets' offering.
The 'Governance, Risk and Compliance - The Indonesian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Indonesia.
It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
Key Highlights
- The OJK is the government regulatory body supervising and regulating the insurance industry of Indonesia.
- The government permits 80% FDI in the Indonesian insurance industry.
- The Insurance Law 1992 was repealed and replaced by the new Insurance Law 2014.
- The placement of non-admitted insurance is not permitted in the Indonesian insurance industry.
- Composite insurance is not permitted in Indonesia.
Key Topics Covered:
1 INTRODUCTION
2 GOVERNANCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.4 Compulsory Insurance
2.5 Supervision and Control
2.6 Non-Admitted Insurance Regulation
2.7 Company Registration and Operations
2.8 Taxation
2.9 Legal System
3 APPENDIX
Companies Mentioned
- Asuransi Jiwa Ikrar Abadi (AJIA)
- American International Assurance Co. Ltd (AIA)
- Indonesia Re
- Reasuransi Internasional Indonesia (Reindo)
- Asei Reasuransi Indonesia
- Tugu Reasuransi Indonesia
- Nasional Reasuransi Indonesia
- PT Asuransi Maipark Indonesia
For more information about this report visit https://www.researchandmarkets.com/research/q3rtb2/governance_risk
