Regulatory AlertsImplementation of Risk Management for Insurance Companies, Guarantee Institutions, and Pension Funds
The Financial Services Authority (OJK) issued Regulation No. 28 of 2025 to mandate adequate, effective, and measurable risk management for insurance companies, guarantee institutions, and pension funds. This regulation replaces POJK No. 44/2020, expands the scope to include guarantee institutions with specific risk types, and integrates risk management functions within financial conglomerates. The regulation becomes effective on January 1, 2026, with initial risk profile self-assessments due by February 15, 2027.
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