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The Jakarta Post
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insurance

Elephant in the room in Jiwasraya case
Opinion 9 months ago

Elephant in the room in Jiwasraya case

The handling of the Jiwasraya and Asabri cases is good enough as firefighting measures go, but the e...
Another insurance fiasco?
Editorial 9 months ago

Another insurance fiasco?

Asabri and Jiwasraya’s experience was clearly the result of weak supervision, both by the OJK ...
‘Don't let distrust disrupt our economy’: Jokowi urges reform in financial industry
Business 9 months ago

‘Don't let distrust disrupt our economy’: Jokowi urges reform in financial industry

The reform aims to close a regulatory and supervisory gap between the banking industry and other fin...
Military pension fund Asabri ‘fine’ despite investment problems, minister says
Business 9 months ago

Military pension fund Asabri ‘fine’ despite investment problems, minister says

Asabri has been in the spotlight as its stock portfolio plunged by more than 95 percent last year.
Government readies insurance holding company to save Jiwasraya by February
Business 9 months ago

Government readies insurance holding company to save Jiwasraya by February

The holding company is projected to have a total of Rp 1.5 trillion (US$109.7 million) to Rp 2 trill...
House to form committees to probe Jiwasraya scandal
National 9 months ago

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House to form committees to probe Jiwasraya scandal

The AGO arrested five people for their role in alleged corruption at the insurance company on Tuesda...
AGO detains former Jiwasraya boss, businessman Benny Tjokrosaputro over alleged corruption
Business 9 months ago

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AGO detains former Jiwasraya boss, businessman Benny Tjokrosaputro over alleged corruption

Jiwasraya failed to pay out on matured policies amounting to Rp 12.4 trillion due in December 2...
New OJK official wants stronger supervision of financial industry amid insurer problems
Business 9 months ago

New OJK official wants stronger supervision of financial industry amid insurer problems

Suahasil also called for closer coordination between the OJK and the government as some state-owned ...
Asabri says $728.9 million losses 'only temporary', claim payments unaffected
Business 9 months ago

Asabri says $728.9 million losses 'only temporary', claim payments unaffected

The insurer has prepared a mitigation plan to recover the decline in investment value. 
State-owned insurer Asabri faces corruption allegation after stocks plunge
Business 9 months ago

State-owned insurer Asabri faces corruption allegation after stocks plunge

The state social insurer reportedly lost Rp 10 trillion from its investment in "low qualit...
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