Regulatory AlertsForm and Structure of Periodic Reports for Insurance Brokerage Companies, Reinsurance Brokerage Companies, and Insurance Loss Assessors
The Financial Services Authority (OJK) issued Circular Letter No. 13/SEOJK.05/2025 to update the format and structure of periodic reports for insurance brokers, reinsurance brokers, and insurance loss assessors in compliance with POJK No. 22 of 2024. The regulation introduces new reporting requirements, including procedures for correcting quarterly reports, anti-fraud strategy implementation reports, AML-CFT risk assessment reports, and human resource development plans. This circular simultaneously repeals previous regulations No. 25/SEOJK.05/2020 and No. 21/SEOJK.05/2023, establishing transitional provisions for entities using the OJK reporting system.
Share