Indonesia Insurance Industry - Governance, Risk and Compliance

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $950	148 Pages	GlobalData	November, 2023	GBDT18475313

Best Price Guarantee
Price	from $950
Length	148 Pages
Publisher	GlobalData
Published Date	November, 2023
SKU	GBDT18475313

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 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The Insurance Law 1992 was repealed and replaced by the new Insurance Law 2014.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

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.

INDONESIA: Legislation Overview8; 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 (Sum Insured); Table 2: Indonesia – Total Loss Motor Insurance Tariff Rates (Sum Insured); Table 3: Indonesia – Earthquake Insurance Tariff Rates for Motor Vehicles; Table 4: Indonesia – Flood Insurance Tariff Rates for Motor Vehicles; Table 5: Indonesia – Motor Insurance Premium and Sum Insured for Additional Covers; Table 6: Indonesia – Temporary disability benefits; Table 7: Indonesia – Corporation Tax Rates for the Financial Year 2023; Table 8: Indonesia – Temporary disability benefits(Employers' Liability/workers compensation); Table 9: Indonesia – Deductible Limits for Earthquake Insurance - Engineering; Table 10: Indonesia – Deductible Limits for Earthquake Insurance - Business Interruption; Table 11: Indonesia – Deductible Limits for Earthquake Insurance - Property; Table 12: Indonesia – Comprehensive Motor Insurance Tariff Rates (% of Sum Insured); Table 13: Indonesia – Total Loss Motor Insurance Tariff Rates (% of Sum Insured); Table 14: Indonesia – Earthquake Insurance Tariff Rates - Motor Vehicles; Table 15: Indonesia – Flood Insurance Tariff Rates - Motor Vehicles; Table 16: Indonesia – Motor Insurance Premium and Sum Insured - Additional Covers; Table 17: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Engineering; Table 18: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Construction; Table 19: Indonesia – Tariff Rates for Flood Insurance (% of Sum Insured) – Zone; Table 20: Indonesia – Tariff Rates for Business Interruption Insurance Zone; Table 21: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Business Interruption; Table 22: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Dwelling; Table 23: Indonesia – Tariff Rates for Flood Insurance (Sum Insured); Table 24: Indonesia – Tariff Rates for Business Interruption Insurance by zones; Table 25: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) - Property; Table 26: Indonesia – Tariff Rates for Earthquake Insurance (Per Mille of Sum Insured) – Dwelling House; Table 27: Indonesia – Tariff Rates for Flood Insurance for sum Insured; Table 28: Indonesia – Tariff Rates for Business Interruption Insurance; Table 29: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance) - Property; Table 30: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance) - Property; Table 31: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance) Aviation; Table 32: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance) - Aviation; Table 33: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance) - Professional Risks; Table 34: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance) - Professional Risks; Table 35: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance) - Employers' Liability/workers compensation; Table 36: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance) - Employers' Liability/workers compensation; Table 37: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance) - Liability; Table 38: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance) - Liability; Table 39: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance) - Engineering; Table 40: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance) - Engineering; Table 41: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance) - Business Interruption; Table 42: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance) - Business Interruption; Table 43: Indonesia – Minimum Amount of Automatic Reinsurance Support (Treaty Reinsurance); Table 44: Indonesia – Minimum Amount of Automatic Reinsurance Support (Facultative Reinsurance); Table 45: Indonesia – Minimum Retention Limits(Energy - Oil Rig); Table 46: Indonesia – Minimum Retention Limits(Energy - Operational Energy); Table 47: Indonesia – Minimum Retention Limits(Clinical Trials); Table 48: Indonesia – Minimum Retention Limits(Transit); Table 49: Indonesia – Minimum Retention Limits(Marine); Table 50: Indonesia – Minimum Retention Limits(Professional Risks); Table 51: Indonesia – Minimum Retention Limits(Employers' Liability/workers compensation); Table 52: Indonesia – Minimum Retention Limits(Liability); Table 53: Indonesia – Minimum Retention Limits(Engineering); Table 54: Indonesia – Minimum Retention Limits(Business Interruption); Table 55: Indonesia – Minimum Retention Limits(Property); Table 56: Indonesia – Minimum Retention Limits(Motor); Table 57: Indonesia – Minimum Retention Limits(Healthcare); Table 58: Indonesia – Minimum Retention Limits(Personal Accident); Table 59: Indonesia – Minimum Retention Limits(Group Life); Table 60: Indonesia – Minimum Retention Limits(Individual Life); Table 61: Indonesia – Minimum Retention Limits(Aviation)