OJK Codifies Periodic Reporting Obligation for Insurance-Related Companies

The Financial Services Authority (Otoritas Jasa Keuangan– “OJK”) has finally issued Regulation No. 55/POJK.05/2017 on Periodic Reporting by Insurance Companies (“Regulation 55/2017”).Regulation 55/2017 sets out an official list of reports that must be submitted by  conventional and sharia insurance/re-insurance companies, [1] insurance/re-insurance broker companies and insurance loss-adjustment companies (collectively referred to as “Insurance-Related Companies”).Periodic ReportsThe various types of periodic reports which must be submitted to the OJK by Insurance-Related Companies are detailed below: [2]