By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
LigaAsuransi
Monday, Aug 4, 2025
  • What's Hot:
  • Ulas Berita
  • Risk Recommendation
  • Berita Kecelakaan
  • Financial Liability
  • Asuransi Marine Cargo
  • Breaking News
  • Business
    • Marine
      • Asuransi Marine Cargo
      • Asuransi Marine Hull
    • Engineering
      • Asuransi Konstruksi
    • Liability
      • Financial Risk
      • Airport Liability Insurance
      • Asuransi Liability
      • Financial Liability
      • General Liability Insurance
      • Liability Insurance
      • Product Liability Insurance
      • Professional Liability Insurance
      • Public Liability Insurance
    • Property
      • Asuransi Properti
      • Asuransi Banjir
      • Property All Risk
  • Retail
    • Motor Vehicle
    • Life & Health
      • Asuransi Kesehatan
      • Asuransi Jiwa
  • Agrobisnis
  • Bisnis
  • Breaking News
  • LigaAsuransi TV
  • Indonesia
    • 中文
Reading: 7 Indonesian Insurance News Selections September 2023 – Week 3
Subscribe
Font ResizerAa
LigaAsuransiLigaAsuransi
  • Indonesia
  • Home
  • Vehicles Insurance
  • Marine Cargo Insurance
  • Insurance Clause
  • Cyber Risk Insurance
  • General Insurance
  • Golf
  • Risk Recommendation
Search
  • Marines
    • Marine Cargo
    • Marine Hull
    • P&I
    • Shipbuilders
  • Oil and Gas
  • Mining
    • Coal
    • Mining Industry
    • Asuransi Pertambangan
    • Industri Pertambangan
  • Power
    • Asuransi Pembangkit Listrik
  • Infrastructure
  • Commercial
  • Construction
    • Heavy Equipment Insurance
    • Machinery Breakdown Insurance
    • Construction Insurance
  • InsurTech
  • Insurance Update
    • Bedah Polis
    • Bedah Klausul
    • Ulas Berita
    • Tips & Tricks
  • Legal Liability
    • Asuransi Liability
  • Life & Health
  • Indonesia
    • 中文

Trending →

Tips for Choosing Freight Insurance: Be Aware of the Risk of Damage Due to Natural Changes

By Hikmah Herdiana
Friday August 1st, 2025

Under Pressure from Environmental Regulations, Here’s Why Environmental Liability Insurance Is Now Mandatory

By Omar Farhan
Thursday July 31st, 2025

Deadly Tragedy on Indian Roads! Pilgrim Bus Crashes into Gas Truck, 18 Burned to Death: And 7 Shocking Recent Accidents

By Intan Aulia
Wednesday July 30th, 2025

Car Falls into the Sea: Real-Life Examples, Protection Tips, and the Right Insurance Solutions

By Hikmah Herdiana
Tuesday July 29th, 2025

Investment Risks Faced by Chinese Companies in Indonesia and the Role of Insurance as Mitigation

By Intan Aulia
Monday July 28th, 2025
Follow US
©Copyright by Liga Asuransi - PT. L&G Insurance Broker
LigaAsuransi > Blog > Ulas Berita > 7 Indonesian Insurance News Selections September 2023 – Week 3
Ulas Berita

7 Indonesian Insurance News Selections September 2023 – Week 3

Intan Aulia
By Intan Aulia
Published Monday September 18th, 2023
131 Views
1 Min Read
Share
SHARE
Table of Content
State Capital Funding (PMN) in 2024 is estimated to reach IDR 28.16 trillion, focusing on infrastructure development and solving problems in Jiwasraya.Unit-linked policyholders must know that LPS does not guarantee PAYDI policies.Measuring Insurance Brokerage Business Opportunities as the Number of Agents Continues to IncreaseOJK Seeks to Recover Consumer Losses in the Banking, Insurance, and Capital Market Sectors Through Legal ProcessesLPS Reveals How Insurance Policy Underwriting Works in 2028Facing Technological Progress, APPARINDO Organizes a Digitalization Seminar to Provide Knowledge to its MembersFarmers are Urged to Get Agricultural Insurance to Overcome the Challenges of Extreme WeatherLOOKING FOR INSURANCE PRODUCTS? DON’T WASTE YOUR TIME AND CALL US NOW24 JAM L&G HOTLINE: 0811-8507-773 (CALL – WHATSAPP – SMS)

Liga Asuransi – The development of the insurance industry is still interesting to follow. In the third week of September 2023, we have summarized 7 selected news related to insurance that you should know.

As always, if you are interested in this article, please share it with your colleagues so they can understand it as well as you.

State Capital Funding (PMN) in 2024 is estimated to reach IDR 28.16 trillion, focusing on infrastructure development and solving problems in Jiwasraya.

The Ministry of Finance (Kemenkeu) has proposed to the DPR regarding state capital participation (PMN) of IDR 28.16 trillion for three State-Owned Enterprises (BUMN) in 2024.

Rionald Silaban, Director General of State Assets (DJKN) at the Ministry of Finance, stated that the PMN will focus on infrastructure development and PT Asuransi Jiwasraya, which is expected to be completed in early 2024.

He explained, “We are paying full attention to the completion of Jiwasraya Bahana, especially because we want Jiwasraya to be completed well,” after the Commission XI Working Meeting with the Minister of Finance at the Parliament Building on Tuesday (12/9/2023).

Previously, at the working meeting, Minister of Finance Sri Mulyani Indrawati proposed that discussions regarding PMN for the three BUMNs be carried out so these funds could be available in the first quarter of 2024.

“Therefore, we ask that this discussion be carried out with the Commission.

In detail, the planned PMN amounting to IDR 28.16 trillion will be given to three companies, namely PT Hutama Karya (Persero) amounting to IDR 18.6 trillion PT Wijaya Karya Tbk. (WIKA) amounting to IDR 6 trillion, and PT Bahana Pembinaan Usaha Indonesia (BPUI) amounting to IDR 3.56 trillion.

Source: https://ekonomi.bisnis.com/read/20230912/9/1694115/pmn-2024-capai-rp2816-triliun-infrastruktur-dan-penyelesaian-jiwasraya-jadi-prioritas 

 

Unit-linked policyholders must know that LPS does not guarantee PAYDI policies.

The Deposit Insurance Corporation (LPS) will have new responsibilities regarding insurance policy guarantees in 2028 by the mandate stated in Law (UU) Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK).

Deputy Chair of the LPS Board of Commissioners, Lana Soelistianingsih, confirmed that this guarantee will apply to life and general insurance. Still, Investment Linked Insurance Products (PAYDI) will not be included in the protection provided by this institution.

Lana explained that the guarantee will be active if the insurance company experiences payment failure and the policy claim has matured. LPS will pay claims up to the maximum guarantee limit that has been determined.

Furthermore, Lana added that if the policy claim has not reached its maturity date, LPS will transfer the policy to an insurance company that is still operating well. LPS was given five years to adjust and prepare for this new task.

Previously, Chairman of the LPS Board of Commissioners, Purbaya Yudhi Sadewa, stated LPS’s serious commitment to implementing the mandate of the P2SK Law. LPS has carried out various preparatory steps, including organizational design, business processes, governance, and policies. They have also developed strategic plans, finalized policies, and improved Human Resources (HR) competencies. Apart from that, efforts are to develop IT infrastructure and human resources and complete all stages required by the P2SK Law.

As additional information, the P2SK Law gives LPS additional responsibility as an insurance policy guarantor. The implementation of this policy guarantee program will last for five years since the P2SK Law was promulgated by the President of the Republic of Indonesia to protect policyholders, insureds, or participants from insurance companies experiencing financial difficulties and sharia insurance companies whose business permits have been revoked due to financial problems.

In addition to this new task, LPS will strengthen its role in handling banks in resolutions and expand its role in the Financial System Stability Committee (KSSK), including voting rights in crises, which it previously did not have.

Source: https://finansial.bisnis.com/read/20230912/215/1693790/nasabah-unit-linked-harus-tahu-lps-tidak-jamin-polis-paydi 

 

Measuring Insurance Brokerage Business Opportunities as the Number of Agents Continues to Increase

The role of insurance brokers as intermediaries between customers and insurance companies is increasingly limited as general insurance companies attempt to recruit their agents to interact directly with customers. The Association of Indonesian Insurance and Reinsurance Broker Companies (Apparindo) remains optimistic about the future of the insurance brokerage business in line with the growth of the insurance industry, which is still developing. However, Apparindo admits that in the future, the number of brokerage companies will likely shrink in line with changes in business dynamics.

General Chairman of Apparindo, Yulius Bhayangkara, explained that several insurance and reinsurance brokers had lost their licenses or returned them to the OJK for several identifiable reasons. First, according to Yulius, there is a decline in commercial profitability due to increasing operational costs and decreasing income. Second, companies need help meeting increasingly complex regulatory requirements, hampering the activities of member companies. Third, there are difficulties in adapting to new business models, such as insurtech, banking, and financing.

Yulius added that the number of insurance brokerage companies may decrease because OJK is currently waiting to issue new permits for brokerage companies. Nevertheless, Apparindo believes that adaptation in business is necessary to ensure member companies’ resilience to changes in business and regulations. Apparindo continues to strive to collaborate with the Indonesian General Insurance Association (AAUI) to develop the Indonesian insurance industry.

Yulius believes that as long as the insurance industry is still developing, insurance brokers will still have growth opportunities. Although the number of brokerage firms will likely decrease, he sees considerable new investor interest in the industry. However, because OJK currently does not allow new permits, many investors are negotiating mergers and acquisitions with brokerage companies that are members of Apparindo. As of September 2023, Apparindo has 194 members.

Source: https://finansial.bisnis.com/read/20230913/215/1694418/menakar-prospek-pialang-asuransi-kala-agen-terus-bertambah 

 

OJK Seeks to Recover Consumer Losses in the Banking, Insurance, and Capital Market Sectors Through Legal Processes

The Financial Services Authority (OJK) has collaborated with the Supreme Court of the Republic of Indonesia to create Supreme Court Regulations regarding Civil Lawsuit Examination Procedures by the OJK (Perma Civil Lawsuits). With this legal basis, OJK hopes to accelerate the process of filing civil lawsuits to recover losses experienced by consumers. OJK has supervisory authority over the entire financial sector, including insurance, banking, finance companies, and capital markets.

Chief Executive of the OJK Financial Services Business Conduct Supervisor, Friderica Widyasari Dewi, explained that Law no. 21 of 2011 concerning the OJK gives the OJK the authority to file civil lawsuits. Considering the many violations committed by Financial Services Business Actors that harm consumers, there is a need for government intervention to protect the rights of consumers and society.

The process of drafting the OJK Civil Lawsuit Regulation is a follow-up to the Decree of the Chairman of the Supreme Court of the Republic of Indonesia Number 139/KMA/SK/VII/2023, dated 20 July 2023, which established a Working Group to prepare regulations regarding procedures for examining civil lawsuits submitted by the OJK in efforts to protect consumers and society. This group consists of representatives of the Supreme Court and OJK.

Friderica, usually called Kiki, added that the OJK’s implementation of the civil lawsuit would serve as a warning to financial services business actors who violate consumer protection regulations.

Meanwhile, the Chairman of the Civil Chamber of the Supreme Court of the Republic of Indonesia, I Gusti Agung Sumanatha, expressed his hope that the regulations drafted could overcome formalistic problems in procedural law, such as issues of legal standing and unclear lawsuits.

I Gusti Agung Sumanatha, the Civil Lawsuit Regulation submitted by the OJK will strengthen efforts to protect consumers and the public, especially in the financial services sector.

Source: https://finansial.bisnis.com/read/20230912/90/1694301/pulihkan-kerugian-konsumen-perbankan-asuransi-hingga-pasar-modal-ojk-upayakan-jalur-pengadilan 

 

LPS Reveals How Insurance Policy Underwriting Works in 2028

The Deposit Insurance Corporation (LPS) has revealed how insurance policy guarantees will run in 2028. This task is a mandate given by Law (UU) Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK) to LPS.

Deputy Chair of the LPS Board of Commissioners, Lana Soelistianingsih, explained that insurance policy guarantees will be carried out when the insurance company experiences default and the policy claim is due. LPS will pay the maximum share according to its guarantee limits. However, if the policy claim has yet to reach its maturity date, LPS will direct the claim to an insurance company that is still operating well.

Lana stated that this was a new challenge for LPS in underwriting insurance policies, and they were given five years to prepare for this new task. Previously, LPS was responsible for guaranteeing bank customer deposits, but now they will also handle the problem of insurance companies losing their business licenses.

This policy guarantee does not cover Investment Linked Insurance Products (PAYDI) or unit-linked, by the insurance principle that what can be insured is pure risk, not investment risk.

The LPS Board of Commissioners Chairman, Purbaya Yudhi Sadewa, has stated LPS’s serious commitment to this mandate. They have taken various steps to adapt the PPSK Law, including organizational development, business strategy, governance, policies, and Human Resources (HR) development. The PPSK Law gives LPS additional duties to be an insurance policy guarantor, and the implementation of this policy guarantee program has lasted for five years since the President of the Republic of Indonesia promulgated it. The aim is to protect policyholders, insureds, or participants from insurance companies who lose their business licenses due to financial problems.

Apart from that, LPS will also have a more significant role in handling banks in resolutions and gain an additional role in the Financial System Stability Committee (KSSK), including voting rights in crises, which it previously did not have.

Source: https://finansial.bisnis.com/read/20230913/215/1694226/lps-ungkap-mekanisme-penjaminan-polis-asuransi-pada-2028 

 

Facing Technological Progress, APPARINDO Organizes a Digitalization Seminar to Provide Knowledge to its Members

The Indonesian Insurance and Reinsurance Brokers Association (APPARINDO) continues to be committed to advancing its business, even though it faces new challenges in regulations and developments in digital technology that are currently hitting the insurance industry. In this effort, the association encourages its members to continue learning and following developments that support the growth of their businesses.

General Chairman of APPARINDO, Yulius Bhayangkara, stated that the brokerage industry faces various considerations, including the increasingly growing expansion of digital innovation. He made this statement when opening an international seminar entitled “Digitization and Automation to Improve Productivity and Efficiency” in Jakarta on September 12, 2023. In this seminar, the Vice President of Ebixechange Asia, Yip Cheng Choon, was the speaker.

Yulius underlined that technology can simplify business processes. He also emphasized the importance of digitalization to help the brokerage industry think about aspects that may be considered trivial but will be crucial in the future. One example is the management of tax contributions, which need to be simplified through digitalization.

He stated that seminar participants had the opportunity to learn and share knowledge and hear experiences from their Singaporean friends about actions taken and solutions found in facing digitalization challenges.

Yulius also emphasized the importance of cooperation between association members in advancing the brokerage business in the insurance and reinsurance sectors. This aligns with the association’s vision, “We Want a Bigger Portion,” which signifies the determination to have a larger market share with great effort and professionalism in this industry.

Source: https://mediaasuransinews.co.id/asuransi/hadapi-perkembangan-teknologi-apparindo-bekali-anggota-dengan-seminar-digitalisasi/ 

 

Farmers are Urged to Get Agricultural Insurance to Overcome the Challenges of Extreme Weather

Research institute Indonesia Financial Group (IFG) Progress highlights the impact of extreme weather in Indonesia, which has resulted in a decrease in agricultural sector productivity and has the potential to cause crop failure.

Reza Y. Siregar, SEVP IFG Progress, stated that Indonesia faces food security problems due to extreme weather, resulting in insufficient rice stocks.

He explained that under normal conditions, Indonesia needs around 1.2 million tons of rice stocks. However, extreme weather, such as drought, can dry the soil and cause crop failure.

Reza emphasized the importance of farmers’ agricultural insurance to protect themselves from the risk of crop failure. According to him, insurance can help farmers overcome financial losses from crop failure.

He also stated that agricultural insurance can help mitigate the economic impact of crop failure events and is part of the solution to food security problems.

Previously, President Joko Widodo (Jokowi) had confirmed that the government’s rice stock was safe. However, the government still needs to import rice to meet rice reserves and control the increase in rice prices in the market due to extreme weather, such as El Nino.

Source: https://finansial.bisnis.com/read/20230914/215/1694748/petani-diimbau-punya-asuransi-untuk-hadapi-cuaca-ekstrem 

This article is brought to you by L&G Insurance Broker.

—

LOOKING FOR INSURANCE PRODUCTS? DON’T WASTE YOUR TIME AND CALL US NOW

24 JAM L&G HOTLINE: 0811-8507-773 (CALL – WHATSAPP – SMS)

website: lngrisk.co.id

Email: customer.support@lngrisk.co.id

—

TAGGED:asuransi indonesiaberita asuransi

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Threads Copy Link Print
Previous Article Why Insurance Guarantee for Chinese Investors in Indonesia?
Next Article The Types Of Insurance Coverage For Animal Feed Transport You Must Know

From Our Social

lngrisk
@lngrisk
1.4K Posts
1.5K Followers

L&G INSURANCE BROKER

Marine Cargo - Surety Bond - Bank Garansi - Liability - Construction - Heavy Equipment
☎️HOTLINE 24/7 0811-8507-773
L&G Insurance Broker Diawasi OJK

Follow on Instagram
4

Mikir Dua Kali Sebelum Abaikan Risiko Ini‼️ Banyak bisnis...

18

Bukti Nyata Aksi L&G! Klaim Rp468 Juta Tuntas‼️ Banyak...

3

Proyek Asing Butuh Broker Lokal dalam Mitigasi Risiko‼️ Banyak...

6

Risiko Laut Itu Nyata! Shipowner Cerdas Pasti Punya Proteksi‼️...

16

Ancaman Nyata untuk Proyek PLTB! Jangan Anggap Sepele Risiko...

[Kabar Klaim: Crane Terjungkal di Area Proyek IMIP, Klaim Asuransi Selamatkan Nilai Kerugian Besar]

Insiden tak terduga terjadi saat aktivitas pengangkatan barang menggunakan crane CMI-TC-20 di lokasi proyek PT QMB (IMIP 8). Akibat kegagalan sistem elektrik dan area kerja yang sempit, unit crane tiba-tiba kehilangan kendali dan terjungkal ke belakang. Kerugian alat dan potensi gangguan proyek pun tak terelakkan.

Untungnya, unit tersebut telah diasuransikan dan proses klaim langsung difasilitasi oleh L&G Insurance Broker. Mulai dari pendampingan investigasi, penyusunan laporan, hingga komunikasi intensif dengan pihak asuransi, semua dikawal secara profesional.

Inilah bukti nyata pentingnya proteksi asuransi alat berat serta peran krusial broker sebagai pendamping saat bencana operasional menimpa.

📌 Pelajari kisah lengkapnya dan pastikan bisnis proyek Anda tidak berisiko tanpa perlindungan yang tepat.

#KlaimAsuransi #HeavyEquipmentInsurance #tipsklaimasuransi #ManajemenRisiko #BrokerAsuransi #AmanBersamaLNG #InsuranceClaimStory #AlatBerat
6

[Kabar Klaim: Crane Terjungkal di Area Proyek IMIP, Klaim...

- Advertisement -
Ad image

Latest News

Tips for Choosing Freight Insurance: Be Aware of the Risk of Damage Due to Natural Changes
Asuransi Marine Cargo
Friday August 1st, 2025
95 Views
Under Pressure from Environmental Regulations, Here’s Why Environmental Liability Insurance Is Now Mandatory
Liability Insurance
Thursday July 31st, 2025
197 Views
Deadly Tragedy on Indian Roads! Pilgrim Bus Crashes into Gas Truck, 18 Burned to Death: And 7 Shocking Recent Accidents
Berita Kecelakaan
Wednesday July 30th, 2025
74 Views
Car Falls into the Sea: Real-Life Examples, Protection Tips, and the Right Insurance Solutions
Asuransi Mobil
Tuesday July 29th, 2025
81 Views
Investment Risks Faced by Chinese Companies in Indonesia and the Role of Insurance as Mitigation
Bisnis
Monday July 28th, 2025
76 Views
Chinese Companies Enter Indonesian Infrastructure Projects: What Risks Must Be Insured?
Bisnis
Friday July 25th, 2025
94 Views
Cyberattacks Are on the Rise! Here’s Why Cyber Insurance Is Important for Companies
Asuransi Cyber
Thursday July 24th, 2025
82 Views
Insurance Compliance for Chinese Companies in Indonesia: Avoiding Legal and Financial Risks
Bisnis
Wednesday July 23rd, 2025
85 Views
Water Supply Project Tenders: Understand the Risks and Protect Yourself with the Help of an Insurance Broker
Asuransi Konstruksi
Tuesday July 22nd, 2025
90 Views
Uncovering the Challenges Behind the Insurance Claims Process! Turns Out This Is What Often Hinders Fast Payments to Customers: And 7 of the Most Updated and Comprehensive Insurance News
Ulas Berita
Monday July 21st, 2025
125 Views

Related ↷

7 Choices of Indonesian Insurance News February 2024 – Week 4

Monday February 26th, 2024

Strengthening the Insurance Ecosystem, Insurance Brokers Need to Be Involved in Regulations: And Update 7 Insurance News in Indonesia

Friday January 3rd, 2025
Top News Liga Asuransi

7 Berita Asuransi Pilihan Minggu ke 2 November 2020

Monday November 9th, 2020

Crazy! This Celebrity Insures Her Body Parts for Hundreds of Billions! And 7 of the most updated and complete insurance news

Monday March 3rd, 2025
  • Advertise with us
  • Newsletters
  • Complaint
  • Deal
Stay tuned for a blend of captivating content that not only informs but also inspires you to navigate the ever-evolving landscape of technology, marketing, and market trends!
LigaAsuransi
  • Asuransi Marine Cargo
  • Asuransi Konstruksi
  • Broker Asuransi
  • InsurTech
  • Property

©Copyright 2025 by Liga Asuransi – PT. L&G Insurance Broker