Albany, NY -- (SBWIRE) -- 07/10/2015 -- 'Governance, Risk and Compliance - The Indonesian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Indonesia. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operations of insurance and reinsurance companies and intermediaries.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

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Scope:

This report covers details of the insurance regulatory framework in Indonesia.
The report contains details of rules and regulations governing insurance products and insurance entities.
The report lists and analyzes key trends and developments pertaining to the Indonesian insurance regulatory framework.
The report analyzes rules and regulations pertaining to the establishment and operation of insurance business in the country.
The report provides details of taxation imposed on insurance products and companies.

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Reasons to buy:

Gain insights into the insurance regulatory framework in Indonesia.
Track latest regulatory changes and expected changes impacting the Indonesian insurance industry.
Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country.
Understand key regulations and market practices relating to various types of insurance product.

Key highlights:

The OJK is the government regulatory body supervising and regulating the insurance industry of Indonesia.
The government permits 80% FDI in the Indonesian insurance industry.
The Insurance Law 1992 was replaced by the new Insurance Law 2014.
The placement of non-admitted insurance is not permitted in the Indonesian insurance industry.
Composite insurance is not permitted in Indonesia.
The government is in the process of converging the existing national GAAP with IFRS standards.

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