Publication:
Indonesia Financial Sector Assessment Program: Insurance Core Principles

Simple item page
dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2018-02-27T20:51:33Z
dc.date.available2018-02-27T20:51:33Z
dc.date.issued2017-06
dc.description.abstractThis assessment of insurance regulation in Indonesia was carried out as part of the 2016-17 Financial Sector Assessment Program (FSAP). The Indonesian insurance sector is still vulnerable to a number of material risks. A number of insurers have failed in the last 10 years. After its establishment, OJK has taken prompt action in order to reduce the loss to policyholders by taking strong actions against four insurers with material deficits. OJK has monitored the capital adequacy of insurers through its risk based supervision scheme. During the recent market turmoil in 2015, the solvency requirement was relaxed for nine months while introducing the temporary suspension of mark to market valuation rules. The Indonesian insurance industry is exposed to significant catastrophic risk with domestic concentrations through mandatory reinsurance programs. The low interest rate environment in advanced economies is also affecting the life insurance sector, as insurers have some underwriting denominated in USD.en
dc.identifierhttp://documents.worldbank.org/curated/en/610191519140446565/Indonesia-Financial-sector-assessment-program-detailed-assessment-of-observance-insurance-core-principles
dc.identifier.doi10.1596/29386
dc.identifier.urihttps://hdl.handle.net/10986/29386
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINSURANCE
dc.subjectMACROPRUDENTIAL SETTING
dc.subjectSUPERVISION
dc.titleIndonesia Financial Sector Assessment Programen
dc.title.subtitleInsurance Core Principlesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleIndonesia Financial Sector Assessment Program
okr.date.disclosure2018-02-20
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/610191519140446565/Indonesia-Financial-sector-assessment-program-detailed-assessment-of-observance-insurance-core-principles
okr.guid610191519140446565
okr.identifier.doi10.1596/29386
okr.identifier.externaldocumentum090224b0856af1a6_1_0
okr.identifier.internaldocumentum29610634
okr.identifier.report123617
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/610191519140446565/pdf/123617-WP-P159812-PUBLIC-Indonesia-FSAP-Update-DAR-ICP-Public.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryIndonesia
okr.sectorFinance
okr.themeFinancial and private sector development :: International financial standards and systems
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.unitFinance and Markets Global Practice
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
123617-WP-P159812-PUBLIC-Indonesia-FSAP-Update-DAR-ICP-Public.pdf
Size:
1.31 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
123617-WP-P159812-PUBLIC-Indonesia-FSAP-Update-DAR-ICP-Public.txt
Size:
197.98 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Financial Sector Assessment Program