Regulatory Alerts2025-12-11
Added · Updated
OJK Regulation No. 33 of 2025 on the Health Assessment of Insurance Companies, Guarantee Institutions, and Pension Funds
This regulation establishes the framework for assessing the health of insurance companies, guarantee institutions, and pension funds (PPDP) through individual and consolidated risk-based approaches. It mandates that PPDP conduct self-assessments at least annually by December and submit results to the Financial Services Authority (OJK) by February 15, subject to administrative sanctions including fines of up to IDR 30 million for non-compliance. The assessment evaluates corporate governance, risk profiles, profitability, capital adequacy, or funding status, resulting in a Composite Health Rating from 1 (very healthy) to 5 (unhealthy).
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