Following the enforcement of Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“ Law 4/2023 ”), [1] the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued Regulation No. 22 of 2024 on Periodic Insurance Company Reports (“ Regulation 22/2024 ”). [2] Regulation 22/2024 officially came into force on 1 January 2025 when it simultaneously repealed and replaced the following legal frameworks: [3]
New Year, New Insurance Reporting Obligations: Mandatory Quarterly Reports for Insurance Companies Reinstated
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