Regulatory AlertsOJK Regulation No. 22 of 2024 on Periodic Reports of Insurance Companies
The Financial Services Authority (OJK) issued Regulation No. 22 of 2024 to update periodic reporting requirements for insurance companies in Indonesia, aligning with recent amendments to the Insurance Law and the Financial Sector Development and Strengthening Law. The regulation mandates that insurance entities submit monthly, quarterly, annual, and publication reports through the OJK's reporting system by strict deadlines, while ensuring data accuracy and accountability. It also defines the limited circumstances under which OJK may share specific reports and analysis with law enforcement, tax authorities, Bank Indonesia, and other designated parties.
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