Liga Asuransi – In the world of insurance, there is always interesting news worth paying attention to—from celebrities insuring their body parts for fantastic amounts to new regulations that can have a direct impact on society. This time, we summarize 7 of the latest insurance news that you must know. From the OJK’s new regulations regarding health insurance to the latest developments in the Jiwasraya case, see the full review below!
OJK Ready to Revamp Health Insurance Regulations! Customers Must Know the Changes
Financial Services Authority (FSA) get ready launch new rules regarding health insurance products which is claimed to bring significant changes to the insurance industry in Indonesia. This step is done for increasing transparency, customer protection, and improving the health insurance ecosystem.
According to Chief Executive of the OJK Insurance, Guarantee and Pension Fund Supervision (PPDP), Ogi Prastomiyono, this new rule has studied together with the Ministry of Health, the Indonesian General Insurance Association, the Indonesian Life Insurance Association, and the Indonesian Sharia Insurance Association.
Why is this rule needed?
Ogi confirmed that The underwriting process in the insurance industry currently still has many shortcomings which needs to be repaired immediately. One of the main problems is information gap between customers and insurance companies, especially in:
✅ Risk selection process (underwriting) which often lacks transparency
✅ Product sales through agents which often makes customers less understand the policy they buy
✅ Minimal initial health checks, so that insurance participants are often unaware of the disease they are suffering from before purchasing a policy
✅ Lack of transparency in premium management, so that customers do not know where their funds are channeled
“We want improvement. Underwriting must be more transparent, as does the system for selling insurance products through agents,” said Ogi deeply CNBC Indonesia Insurance Forum 2025, Thursday (27/2/2025).
Major Changes in New Rules
One of main points in the new OJK regulations is improving the insurance payment ecosystem, especially in Coordination of Benefits (COB) mechanism.
Coordination of Benefits (COB) BPJS and Private Insurance
The new rules allow participants take advantage of the benefits of more than one insurance, either from BPJS Health and private insurance. Ogi revealed that The Ministry of Health has set a hospital payment scheme of 200%, which will later be divided into:
✅ 75% covered by BPJS Health
✅ 125% covered by private insurance
Improvements in Claims and Reimbursement Mechanisms
OJK is also working with the Ministry of Health to ensure the mechanism Claim payments are clearer and do not harm customers. Ogi explained that this new rule would regulate who must pay first, how reimbursement is processed, and how claims are processed fairly.
Improving Human Resource Standards in the Insurance Industry
This rule will also require insurance companies to have more competent professional staff, especially in providing more transparent education to customers.
What is the Impact on Society?
With this new regulation, OJK hopes that the health insurance ecosystem in Indonesia will improve healthier, fairer and more transparent.
Customers must be more careful in choosing health insurance products! Don’t get trapped in a policy that doesn’t suit your needs. It is hoped that this new rule will provide certainty of benefits, clarity of claim payments, and maximum protection for all insurance participants in Indonesia.
New Regulations and Distribution, Key to the Health Insurance Industry Revolution!
The health insurance industry in Indonesia is facing major challenges that require significant change. The Indonesian Insurance Council (DAI) emphasizes two key factors in developing this sector, namely regulatory openness and strengthening the insurance product distribution ecosystem.
The General Chair of DAI, Yulius Bhayangkara, reminded that new regulations must still provide space for input from various parties so that the policies implemented are relevant to industry needs. According to him, regulations that are too rigid can create new problems, instead of solving existing problems.
“We hope that regulators will continue to open up discussion space to adapt regulations to conditions in the field. Don’t let new regulations complicate the industrial ecosystem,” said Yulius at the CNBC Indonesia Insurance Forum 2025, Thursday (27/2/2025).
Insurance Distribution: The Key to Increasing Awareness and Accessibility
Apart from regulations, DAI also highlights the importance of more effective distribution of insurance products. These factors include increasing public awareness, product improvements, and the application of new theories in premium calculations. According to Yulius, all elements in the insurance ecosystem—from agents, brokers, to bancassurance—must work in harmony so that the industry can grow healthily.
If one element in the ecosystem experiences disruption, the impact can spread to all sectors. This imbalance not only harms industry players, but also reduces public trust in health insurance.
OJK Prepares New Regulations for Efficient Health Insurance Services
In line with DAI’s view, the Chief Executive of the OJK Insurance, Guarantee and Pension Fund Supervision, Ogi Prastomiyono, emphasized the importance of more transparent governance in the health insurance industry. This is necessary to overcome medical inflation which continues to increase to 10.1%, far above general inflation which is only around 3%.
“Education about health must be strengthened, and the government and insurance companies must work together so that the health service ecosystem runs more efficiently,” said Ogi in the same forum.
To overcome this problem, OJK plans to issue a Circular Letter (SE) which regulates the business process for health insurance products next year. This policy will also relate to BPJS Health and hospitals, including the Coordination of Benefits (CoB) mechanism which limits the insurance benefits that can be claimed by individuals with more than one insurer.
In addition, the SE will set standards and limits for insurance benefit claims and mandate the formation of a Medical Advisory Board to ensure transparency and efficiency of health insurance services.
With these various steps, it is hoped that the health insurance industry in Indonesia will continue to develop and be able to provide better and more affordable services for all levels of society.
Attorney General Examines 4 Key Witnesses! Jiwasraya Corruption Scandal Getting More Exposed?
The alleged corruption case involving PT Asuransi Jiwasraya (Persero) continues to be in the spotlight. The Attorney General’s Office (Kejagung) is increasingly intensively digging for facts to enforce the law and create a positive impact on the business world in Indonesia.
On Wednesday, February 26 2025, a Team of Investigating Prosecutors from the Deputy Attorney General’s Investigation Directorate for Special Crimes (JAMPIDSUS) inspect four key witnesses who are suspected of having an important role in Jiwasraya’s financial and investment management in the period 2008 to 2018.
In a written statement released by the Attorney General’s Office on Friday, February 28 2025, the four witnesses examined came from various backgrounds, ranging from officials from the Ministry of BUMN, financial regulators, to company executives involved in managing Jiwasraya investment funds.
The four witnesses are PS, former Deputy for Banking and Financial Services at the Ministry of BUMN in 2008; SMJ, former Head of Bapepam-LK Insurance Business Operations Analysis Section in 2008; MK, Director of PT GAP Capital; and AW, Head of Jiwasraya’s Finance and Investment Division for the 2014-2018 period.
The examination of them was carried out in the context of investigating cases of alleged criminal acts of corruption related to Jiwasraya’s financial management and investment funds in the period 2008 to 2018, with the main suspect being IR.
This step was taken to strengthen evidence and complete the case files, so that this case can be resolved immediately in a transparent and fair manner.
Sluggish Automotive Industry, Allianz Utama Remains Optimistic to Earn Vehicle Insurance Premiums!
In the midst of a slowdown in the national automotive industry, PT Asuransi Allianz Utama Indonesia continues to project positive growth in vehicle insurance premium income. Head of Personal Lines & Product Development Allianz Utama Indonesia, Alwin Jasim, revealed that the company has prepared a long-term strategy to maintain business, one of which is by taking advantage of the upcoming Eid homecoming flow.
“We estimate that revenue from vehicle insurance will continue to increase, although not by a significant amount,” said Alwin to Bisnis on Wednesday (26/2/2025).
As of January 2025, Allianz Utama recorded a total premium of IDR 185 billion, experiencing growth of 9.95% on an annual basis (YoY) compared to the same period last year. Alwin explained that this surge was driven by the increasing number of customers who chose to insure their vehicles through Allianz Utama.
“We continue to strengthen the performance of marketers in providing education to customers about the importance of insurance protection and communicating the benefits available,” he added. He also emphasized that support from the government in stimulating the automotive industry is very necessary to increase motor vehicle sales figures, which in turn also has a positive impact on the insurance industry.
“Allianz Utama is committed to continuing to support the development of the general insurance industry and providing protection to more Indonesian people,” he concluded.
Allianz Utama’s optimism is in contrast to the weakening trend in the automotive industry at the beginning of 2025. Data from the Association of Indonesian Automotive Industries (Gaikindo) noted that total wholesale national car sales in January 2025 only reached 61,843 units, down 11.3% YoY from 69,758 units in January 2024. Retail sales also fell 18.6% YoY to 63,858 units compared to the previous period. the same as last year which reached 78,437 units.
This downward trend is also visible on a monthly basis, where wholesale sales fell 22.5% compared to December 2024, while retail sales fell 22.2% in the same period. However, Gaikindo is still targeting national car sales in 2025 to reach 900,000 units, slightly higher than the realization in 2024.
Indonesia Re Completely Discusses Climate Change and New Threats to the Insurance Industry!
Indonesia Re Institute, through the iLearn Program, successfully held an iLearn Thematic Webinar entitled “Reimagining Risk: The Intersection of Insurance, Climate Change, and Disaster Preparedness”. This event is part of Indonesia Re’s commitment to increasing insight and awareness of the impact of climate change on increasing disaster risks as well as the strategic role of the insurance industry in post-disaster mitigation and recovery.
This webinar presents experts in their fields, including:
- Prof. They. Bambang Hero Saharjo, M.Sc., Ph.D. – Head of Forest Protection, Bogor Agricultural Institute (IPB)
- Noor Syaifudin, Ph.D. – Senior Policy Analyst in the Finance & Fiscal Climate Sector, Indonesian Ministry of Finance
- Dr. Ir. Woro Estiningtyas, M.Si – Expert Researcher at the National Research & Innovation Agency (BRIN)
This discussion highlights how climate change contributes to increasing disaster risk, its impact on the insurance industry, as well as collaborative strategies between the insurance industry, government and various stakeholders in mitigation efforts and accelerating post-disaster recovery.
Indonesia Re Operations Technical Director, Delil Khairat, who opened the event, emphasized that climate change is now a big challenge for the insurance industry. He explained that the impact of climate change is increasingly worsening the frequency and intensity of disasters such as floods, tornadoes and forest fires.
Interestingly, the risks previously categorized as “secondary perils” (secondary disaster), is now starting to dominate in comparison “primary perils” (major disasters such as earthquakes and tsunamis). This phenomenon requires the insurance industry to immediately adapt to new strategies in risk management.
With the increasing threat of climate change to the insurance business, will the industry be able to survive and adapt?
Flooding Can Damage Electric Cars! Here’s How to Protect It
As public awareness of environmentally friendly energy increases, electric cars are increasingly popular in Indonesia. Tax incentives implemented since 2023 encourage people’s interest in switching to electric vehicles as a more economical and sustainable option.
Data from the Association of Indonesian Automotive Industries (GAIKINDO) shows that by December 2024, sales of electric cars in the country will reach 42,889 units. This figure reflects a jump of 151.53% compared to the previous year, in line with the government’s efforts to reduce dependence on fossil fuels and encourage the use of clean energy.
With this rapid growth, the need for appropriate insurance for electric vehicles is increasing, especially to protect the risk of damage to the battery. Understanding this need, Cermati Protect comes with a special insurance protection solution for electric cars, offering two main options: Total Loss Only (TLO) And All Risk.
- GROUND: Covers vehicle damage of 75% or more as well as loss due to theft.
- All Risk: Covers all types of damage, both light and heavy, including loss.
The amount of electric car insurance premiums is influenced by several factors, such as the type of protection chosen, vehicle price, location and use. Car owners can also expand their protection coverage with additional premiums for risks such as earthquakes, riots, floods and battery damage due to submersion in water.
As an important note, electric car owners should not start a vehicle that is submerged in water, because this can cause damage to the electronic system and battery as a result water hammer.
Some insurance companies set higher premium rates and deductibles (own risk) for electric cars because repair costs are relatively more expensive. As an insurance broker, Pay close attention to Protect helps customers compare various insurance providers to get optimal protection at the best price.
“Electric vehicle innovation is a big step towards a greener future. Cermati Protect is committed to providing the best protection for electric car owners so that driving is safer and more comfortable,” said Juanri, VP of Insurance Cermati Protect.
Easy Ways to Claim Electric Car Insurance
So that the claims process runs smoothly, electric car owners can follow these steps:
- Document the incident by taking photos as proof of claim.
- Report immediately incident to the insurance company.
- Prepare important documents, such as claim forms, photocopies of driver’s license and STNK, insurance policies, and certificates from the police.
- Wait for the survey and analysis from the insurance company.
- Accept claims after all processes are completed according to the analysis results.
For cases involving third parties, vehicle owners also need to prepare additional documents such as a letter of claim for compensation.
“With a network of partner workshops and official workshops spread throughout Indonesia, Cermati Protect ensures easy access for electric car owners to get quality repair services,” he concluded.
With the right insurance protection, electric car owners can drive more calmly without worrying about risks on the road. So, is your electric vehicle protected?
Crazy! This Celebrity Insures Her Body Parts for Hundreds of Billions!
In the world of insurance, most people insure things like life, health, or property. However, celebrities have unique ways of protecting their assets—including certain body parts that are considered crucial to their careers. Here is a list of celebrities with the most unique and fantastic insurance policies!
- Rihanna (Legs) – $1 Million
Rihanna, singer and successful businesswoman, has a $1 million insurance policy for her legs. This policy was provided by the renowned shaving company, Gillette, after he was named Celebrity Legs of a Goddess in 2007.
- Keith Richards (Hand) – $1.6 Million
As the legendary guitarist of the Rolling Stones, Keith Richards insured his hands for a fantastic amount of $1.6 million. There is speculation whether only his middle finger or his entire hand was insured, but what is clear is that his hands were an important asset in his musical career.
- Bruce Springsteen (Voice) – $6 Million
Bruce Springsteen’s distinctive voice has produced hits such as Born in the U.S.A. was insured for $6 million to protect his music career.
- Daniel Craig (Full Body) – $9.5 Million
As the James Bond actor famous for performing his own dangerous stunts, Daniel Craig insured his entire body for $9.5 million in case of injury during filming.
- Heidi Klum (Legs) – $2.2 Million
Supermodel Heidi Klum has her feet insured for $2.2 million, but uniquely, one foot is worth more because it has no scars.
- America Ferrera (Gigi) – $10 Million
Star Ugly Betty, America Ferrera, had her iconic smile insured by Aquafresh for $10 million as part of their marketing campaign.
- Mariah Carey (Voice & Feet) – Up to $1 Billion
Mariah Carey insured her voice for $35 million, but reportedly, she also insured her legs for up to $1 billion, making it one of the largest insurance policies in entertainment.
- David Beckham (Legs) – $140 Million to $195 Million
The football legend insured his legs for an incredible amount of between $140 million and $195 million, as a protective measure before retiring from the world of football.
- Gene Simmons (Tongue) – $1 Million
KISS bassist Gene Simmons is famous for his habit of sticking his tongue out on stage. He insured his tongue for $1 million.
- Taylor Swift (Legs) – $40 Million
At nearly six feet tall, Taylor Swift’s legs are considered an important part of her image on stage, so they are insured for $40 million.
- Merv Hughes (Kumis) – $370.000
The former Australian cricketer insured his iconic mustache for $370,000 while he was still actively playing.
- Gordon Ramsay (Tongue) – $10 Million
As a celebrity chef, Gordon Ramsay relies on his sense of taste to judge dishes, so he insured his taste buds for $10 million.
- Troy Polamalu (Hair) – $1 Million
The former NFL star has his signature long hair which was insured by Head & Shoulders for $1 million.
- Cristiano Ronaldo (Legs) – $144 Million
Portuguese soccer superstar Cristiano Ronaldo has a $144 million insurance policy on his legs, which was taken out by Real Madrid in 2009.
- Miley Cyrus (Tongue) – $1.4 Million
After frequently sticking out her tongue during her performances, Miley Cyrus insured her tongue for $1.4 million.
- Ilja Gort (Sense of Smell) – 5 Million Euros
As a wine entrepreneur in Bordeaux, Ilja Gort insured his nose for 5 million euros to protect his sense of smell which is so important in his work.
These are some of the celebrities with the most unique and fantastic insurance policies! If you had a valuable asset in your life, which part of your body would you insure?
Source: https://www.tempo.co/hiburan/deretan-asuransi-unik-para-selebriti-dunia–1213890
Looking for insurance products? Don’t waste your time and contact us now
HOTLINE L&G 24 JAM: 0811-8507-773 (CALL – WHATSAPP – SMS)
Website: lngrisk.co.id
Email: oktoyar.meli@lngrisk.co.id
—
