09 Apr 2025
A Comparative Review of Insurance Company Liquidation Procedures applicable under 2015 regulations as against the latest regulatory updates that were introduced in 2024
As Indonesia’s financial regulatory landscape evolves, the Financial Services Authority (Otoritas Jasa Keuangan/ “OJK”) continues to refine its policies to address the sector’s changing needs.In 2024, the OJK released OJK Regulation No. 38 of 2024 (“POJK 38/2024”), which governs the dissolution and liquidation of insurance companies. This regulation amends and supplements OJK Regulation…