Deskripsi
This book is designed for individuals and professionals interested in the insurance industry in Indonesia.
“Indonesian Insurance Business: Regulatory and Compliance Essentials ” offers a comprehensive exploration of the legal and regulatory framework governing the insurance sector in Indonesia. The book covers a range of essential topics. The legal basis of insurance delves into the fundamental legal principles that form the foundation of the industry, including key laws and regulations. The principles of insurance and their implementation are discussed in detail, covering core principles such as insurable interest, utmost good faith, indemnity, and subrogation, alongside their practical application in the Indonesian context. The book has also been updated with the most recent Constitutional Court’s decision that Article 251 of the Commercial Code regarding the principle of utmost good faith is conditionally null and void insofar as it is interpreted to mean that the failure to fulfill this requirement will result in the cancellation of the insurance policy.
The book outlines the insurance sector’s regulatory bodies (Otoritas Jasa Keuangan, OJK), highlighting their roles, responsibilities, and authority. It examines how OJK regulates and supervises the insurance industry, emphasizing the principles of good corporate governance, transparency, and accountability. Customer protection is explored, offering insights into measures and policies implemented to safeguard the interests of policyholders and ensure fair treatment. Dispute resolution mechanisms are discussed, including mediation and arbitration processes available for resolving disputes between insurers and insured parties.
Risk management and mandatory reinsurance are analyzed, focusing on practices and regulatory requirements to ensure insurance companies’ stability and sustainability. The book also covers other essential aspects of operating a sound insurance company, such as financial reporting, capital requirements, and compliance obligations. Lastly, it presents real-world examples and case studies of disputes in the insurance sector, illustrating common issues and their resolutions.
This book serves as a valuable resource for anyone seeking a thorough understanding of the regulatory environment of general insurance in Indonesia. It guides readers through the industry’s legal and regulatory landscape complexities.
- Penulis: Bagus SD Nur Buwono
- ISBN: 978-623-08-1667-3
- Halaman: 134
- Ukuran: 15 x 23 cm
- Tahun Terbit: 2025
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