Compulsory Insurance Capital Add, How Long It Takes?

Jakarta, Armfalcon.com- President Director of PT Reasuransi Maipark Indonesia, Kocu Andre Hutagalung views the new OJK regulations regarding increasing capital for the insurance and reinsurance industry as part of efforts to improve the industry.

It is hoped that there will be a period of 1-3 years given by the authority for business actors to achieve a capital target of IDR 500 billion for insurance and IDR 1 trillion for reinsurance.

How do businesses face the insurance industry’s capital regulations? For details, see Anneke Wijaya’s dialogue with the President Director PT Asuransi Bintang Tbk (ASBI)Hastanto Sri Margi Widodo and President Director of PT Reasuransi Indonesia Utama (Persero), Benny Waworuntu and President Director of PT Reasuransi Maipark Indonesia, Kocu Andre Hutagalung in a Power Lunch,CNBCIndonesia (Thursday, 04/05/2023)