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OJK Commissioner Regulation No. 47/PADK.05/2025 on the Health Level Assessment of Guarantee Institutions
The Financial Services Authority (OJK) issued Regulation No. 47/PADK.05/2025 to establish a Risk-Based Supervision framework for assessing the health levels of guarantee institutions. The regulation mandates a comprehensive evaluation covering governance, risk profiles, profitability, and capital adequacy, while defining nine specific risk categories including strategic, operational, and guarantee risks. Implementation begins on January 1, 2026, with a phased introduction of risk weighting for the Regulatory Capital Adequacy Ratio (RCAR) targeting full compliance by December 2028.
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Otoritas Jasa Keuangan (Financial Services Authority)
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OJK Commissioner Regulation
Number 47/PADK.05/2025 concerning the Health Level Assessment of Guarantee Institutions


Abstract:
That in order to implement the mandate of Article 9 paragraph (5), Article 10 paragraph (8), Article 11 paragraph (8), Article 12 paragraph (8), Article 14 paragraph (6), and Article 18 paragraph (5) of Financial Services Authority Regulation Number 33 of 2025 concerning the Health Level Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds, and to support the implementation of risk-based supervision for guarantee institutions, it is necessary to regulate the health level assessment for guarantee institutions.


To realize the strengthening of Guarantee Institutions in accordance with the roadmap for the development and strengthening of the Indonesian guarantee industry (guarantee roadmap) 2024-2028, and in the context of implementing Risk-Based Supervision (RBS) for Guarantee Institutions, it is necessary to regulate the implementation provisions regarding the health level assessment for Guarantee Institutions.


The legal basis for this OJK Commissioner Regulation is: POJK No. 33 of 2025.


The substantive provisions regulated include:


    

  1. general provisions;
    2. 

  2. general principles of health level assessment for guarantee institutions;
    3. 

  3. procedures for individual health level assessment of guarantee institutions;
    4. 

  4. assessment of good corporate governance factors;
    5. 

  5. assessment of risk profile factors;
    6. 

  6. assessment of profitability factors;
    7. 

  7. assessment of capital factors;
    8. 

  8. assessment of the composite health level ranking of guarantee institutions;
    9. 

  9. procedures for consolidated assessment; and
    10. 

  10. reporting.
    11. 



The risk coverage for Guarantee Institutions includes:


    

  1. strategic risk;
    2. 

  2. operational risk;
    3. 

  3. guarantee risk;
    4. 

  4. credit risk;
    5. 

  5. market risk;
    6. 

  6. liquidity risk;
    7. 

  7. legal risk;
    8. 

  8. compliance risk; and
    9. 

  9. reputational risk.
    10. 



Note:
This OJK Commissioner Regulation takes effect on January 1, 2026.
This OJK Commissioner Regulation was established on December 23, 2025.
The submission of the self-assessment results of the health level for Guarantee Institutions must be submitted for the first time no later than February 15, 2027.
Provisions regarding the weighting of risk factors based on guarantee recipients and guarantee products in the calculation of the Regulatory Capital Adequacy Ratio (RCAR) are implemented gradually as follows:


    

  1. 50% (fifty percent) of each risk weight takes effect for reporting as of December 2026; and
    2. 

  2. 100% (one hundred percent) of each risk weight takes effect for reporting as of December 2028.
    3. 

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