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Indonesia Insurance Industry - Governance, Risk and Compliance

Publisher GlobalData
Published Aug 21, 2025
Length 180 Pages
SKU # GBDT20768561

Description

Indonesia Insurance Industry - Governance, Risk and Compliance

Summary

GlobalData’s ‘Indonesia Insurance Industry - Governance, Risk and Compliance’ 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 GlobalData’s 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.

The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in Indonesia, including -
  • An overview of the insurance regulatory framework in Indonesia.
  • The latest key changes, and changes expected in the country’s insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country.
  • Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.
Key Highlights
  • The OJK is the government regulatory body supervising and regulating the insurance industry of Indonesia.
  • The Insurance Law 1992 was repealed and replaced by the new Insurance Law 2014.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
Scope
  • The report covers details of the insurance regulatory framework in Indonesia.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.
Reasons to Buy
  • Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the country.
  • Gain insights into the insurance regulatory framework in Indonesia.
  • Track the latest regulatory changes, and expected changes impacting the Indonesian insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.

Table of Contents

180 Pages
INDONESIA
Legislation Overview
Supervision and Control
Legislation
Compulsory Insurance
Non-Admitted Insurance Regulations
Company Registration and Operation
License
Foreign Direct Investment / Ownership
Minimum Capital Requirements
Solvency Margins
Reserve Requirements
Statutory Return Requirements
Fee Structure
Taxation
Tax on Insurance Premium
Corporate Income Tax
Corporate Capital Gains Tax
Value Added Tax
Legal System
Policy Practice
About GlobalData
Contact Us
List of Tables
Table 1: Indonesia – Comprehensive Motor Insurance Tariff Rates
Table 2: Indonesia – Total Loss Motor Insurance Tariff Rates
Table 3: Indonesia –Motor Insurance Tariff Rates for Motor Vehicles
Table 4: Indonesia – Motor Insurance Tariff Rates for Motor Vehicles
Table 5: Motor Insurance Premium and Sum Insured for Additional Covers
Table 6: Temporary disability benefits
Table 7: Earthquake Insurance (Per Mille of Sum Insured) - Business interruption
Table 8: Indonesia – Tariff Rates for dwelling houses not classified as shops not exceeding three storeys
Table 9: Indonesia – Tariff Rates for Flood Insurance (% of Sum Insured) - Flood insurance
Table 10: Indonesia – Tariff Rates for Business Interruption Insurance - Flood insurance
Table 11: Indonesia – Tariff Rates for Earthquake Insurance
Table 12: Indonesia – Tariff Rates for dwelling
Table 13: Indonesia – The tariff rates for flood covers based on risk zones
Table 14: Indonesia - The premium rate for business interruption
Table 15: Tariff Rates for Earthquake Insurance
Table 16: Tariff Rates for dwelling houses
Table 17: Flood Insurance
Table 18: The premium rate for business interruption resulting from earthquake or floods
Table 19: Minimum capital requirements for (re)insurer companies
Table 20: Minimum capital requirements for subsidiary company under KUPA scheme
Table 21: Indonesia – Corporation Tax Rates for the Financial Year 2025
Table 22: Indonesia – Temporary disability benefits
Table 23: Indonesia – Deductible Limits
Table 24: Deductible Limits for Earthquake Insurance
Table 25: Deductible Limits
Table 26: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Engineering
Table 27: Indonesia – Tariff Rates for dwelling houses - Engineering
Table 28: Indonesia - Flood Insurance
Table 29: Indonesia – The premium rate for business interruption resulting from earthquake or floods
Table 30: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Business Interruption
Table 31: Indonesia - Earthquake Insurance (Per Mille of Sum Insured) - Business Interruption
Table 32: Indonesia - Tariff Rates for Flood Insurance
Table 33: The premium rate for business interruption
Table 34: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Property
Table 35: Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Property
Table 36: Indonesia – Tariff rates for flood covers based on risk zones and flood experience
Table 37: Business Interruption Insurance
Table 38: Indonesia – Comprehensive Motor Insurance Tariff Rates (% of Sum Insured)
Table 39: Indonesia – Total Loss Motor Insurance Tariff Rates (% of Sum Insured)
Table 40: Indonesia – Earthquake Insurance Tariff Rates for Motor Vehicles
Table 41: Indonesia – Flood Insurance Tariff Rates for Motor Vehicles
Table 42: Indonesia – Motor Insurance Premium and Sum Insured for Additional Covers
Table 43: Minmum Amount of Automatic Reinsurance Support (Treaty Reinsurance)
Table 44: Minimum Amount of Automatic Reinsurance Support Facultative
Table 45: Indonesia – Minimum Amount of Automatic Reinsurance
Table 46: Indonesia - Minimum Amount of Automatic Reinsurance Support Facultative Reinsurance
Table 47: Minimum Amount of Automatic Reinsurance Support
Table 48: Indonesia – Minimum Amount of Automatic (Reinsurance - Support)
Table 49: Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance)
Table 50: Indonesia – Minimum Amount of Automatic (Reinsurance Support)
Table 51: Minimum Amount of Automatic Reinsurance
Table 52: Indonesia – Minimum Amount of Automatic Reinsurance Support Facultative Reinsurance
Table 53: Indonesia – Minimum Amount of Automatic Reinsurance Support - Treaty Reinsurance
Table 54: Minimum Amount of Automatic Reinsurance Support Facultative Reinsurance
Table 55: Minimum Amount of Automatic Reinsurance Support - Treaty Reinsurance
Table 56: Indonesia – Minimum Amount of Automatic Reinsurance Support - Facultative Reinsurance
Table 57: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance)
Table 58: Minimum Amount of Automatic Reinsurance Support - Facultative Reinsurance
Table 59: Indonesia – Minimum Retention Limits - Motor
Table 60: Indonesia – Minimum Retention Limits - Healthcare
Table 61: Indonesia – Minimum Retention Limits - Personal Accident
Table 62: Indonesia – Minimum Retention Limits - Group Life
Table 63: Indonesia – Minimum Retention Limits - Individual Life
Table 64: Indonesia – Minimum Retention Limits - Energy - Oil Rig
Table 65: Indonesia – Minimum Retention Limits - Energy - Operational Energy
Table 66: Indonesia – Minimum Retention Limits - Clinical Trials
Table 67: Indonesia – Minimum Retention Limits - Transit
Table 68: Indonesia – Minimum Retention Limits - Marine
Table 69: Indonesia – Minimum Retention Limits - Professional Risks
Table 70: Indonesia – Minimum Retention Limits - Employers' Liability/workers compensation
Table 71: Indonesia – Minimum Retention Limits - Liability
Table 72: Indonesia – Minimum Retention Limits - Engineering
Table 73: Indonesia – Minimum Retention Limits - Business Interruption
Table 74: Indonesia – Minimum Retention Limits - Property
Table 75: Indonesia – Minimum Retention Limits - Aviation

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