Jakarta, CNBC Indonesia- The Financial Services Authority (OJK) through POJK No.23 of 2023 issued new regulations regarding paid-up capital for newly established insurance and reinsurance companies. Namely IDR 1 trillion for insurance companies and IDR 2 trillion for reinsurance.
Chairman of the Indonesian General Insurance Association (AAUI), Budi Herawan, said that insurance had anticipated capital regulations and was the right step to strengthen the industry.
What is insurance readiness to implement POJK 23/2023 regulations? What is the impact on the industry? For complete details, see Anneke Wijaya's dialogue with the General Chair of the Indonesian General Insurance Association (AAUI), Budi Herawan at the Power Lunch,CNBCIndonesia (Thursday, 18/01/2024)