OJK Regulation No. 33 of 2025 on the Health Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds

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Sector: PPDP

Sub-Sector: Insurance; Pension Funds; Guarantee Institutions

Type of Regulation: OJK Regulation

Regulation Number: 33 of 2025

Effective Date: 1/1/2026

Appendix 1 POJK 33 of 2025 Health Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds.pdf Abstract of POJK 33 of 2025 Health Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds.pdf FAQ of POJK 33 of 2025 Health Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds.pdf

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Financial Services Authority Regulation Number 33 of 2025 concerning Health Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds

Abstract: That the health level of insurance companies, guarantee institutions, and pension funds reflects the condition and performance of insurance companies, guarantee institutions, and pension funds, serving as a tool for the Financial Services Authority (OJK) in determining supervision strategies and focus areas, and to support the implementation of risk-based supervision for guarantee institutions. Therefore, it is necessary to re-regulate provisions regarding the health assessment for insurance companies, guarantee institutions, and pension funds.

The legal basis for this Financial Services Authority Regulation is: Law Number 21 of 2011 as amended by Law Number 4 of 2023; Law Number 40 of 2014 as amended by Law Number 4 of 2023; Law Number 1 of 2016 as amended by Law Number 4 of 2023; and Law Number 4 of 2023.

The improvements made include changes in nomenclature from LJKNB (Non-Bank Financial Institutions) to PPDP (Insurance Companies, Guarantee Institutions, and Pension Funds), the addition of guarantee institutions to the scope of PPDP health assessment, the addition of risk types for guarantee institutions, consideration of financial health ratios in PPDP health assessment, and the addition of administrative sanctions in the form of health level downgrades and adjustments to the amount of administrative sanctions.

Note: This Financial Services Authority Regulation takes effect on January 1, 2026. This Financial Services Authority Regulation was promulgated on December 17, 2025, and established on December 11, 2025. The submission of the self-assessment results of the health level for Guarantee Institutions for the first time must be submitted no later than February 15, 2027.

Upon the commencement of this POJK: a. Guarantee Institutions that have obtained business licenses prior to the promulgation of this Financial Services Authority Regulation are required to conduct health assessments individually and on a consolidated basis (in the event of controlling subsidiaries) no later than 3 (three) years from the promulgation of this Financial Services Authority Regulation; b. Guarantee Institutions that have obtained business licenses prior to the promulgation of this Financial Services Authority Regulation are required to comply with the PPDP health assessment provisions conducted individually no later than 1 (one) year from the promulgation of this Financial Services Authority Regulation; and c. Administrative sanctions imposed on PPDP prior to the effectiveness of this Financial Services Authority Regulation are declared to remain valid.

Upon the commencement of this Financial Services Authority Regulation, the implementation provisions of Financial Services Authority Regulation Number 28/POJK.05/2020 concerning Health Assessment of Non-Bank Financial Institutions are declared to remain valid insofar as they do not conflict with the provisions in this Financial Services Authority Regulation.

Upon the commencement of this Financial Services Authority Regulation, the provisions regarding health assessment for insurance companies and pension funds in Financial Services Authority Regulation Number 28/POJK.05/2020 concerning Health Assessment of Non-Bank Financial Institutions (POJK 28/2020) are repealed and declared invalid.

Upon the commencement of this Financial Services Authority Regulation, the provisions of Article 56 of Financial Services Authority Regulation of the Republic of Indonesia Number 11 of 2025 concerning the Conduct of Business by Guarantee Institutions are repealed and declared invalid.

Further provisions regarding the application of management for guarantee institutions will be regulated in the Regulation of the OJK Commissioners' Board.