{
    "success": true,
    "data": {
        "id": 1708577,
        "msgid": "rising-disaster-risks-require-intensified-property-insurance-literacy-efforts-1777460483",
        "date": "2026-04-29 16:37:43",
        "title": "Rising Disaster Risks Require Intensified Property Insurance Literacy Efforts",
        "author": "Satria K Yudha",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Regulation",
        "summary": "In Indonesia, property insurance ownership remains limited despite increasing disaster risks, primarily due to low literacy and awareness, as highlighted by insurance expert Irvan Rahardjo, who calls for government-led education campaigns and premium subsidies for vulnerable groups akin to BPJS support. The Financial Services Authority (OJK) is preparing regulations on premium rates for property and motor vehicle insurance to better reflect updated risk profiles and promote prudent underwriting practices. Jasindo's Corporate Secretary Brellian Gema emphasises that viewing insurance as an investment rather than an extra cost could mitigate asset losses from events like fires, floods, and earthquakes amid unpredictable weather patterns.",
        "content": "<p>Property insurance ownership in Indonesia remains limited despite\nrising disaster risks. Low literacy and awareness are seen as the main\nbarriers. Insurance expert Irvan Rahardjo stated that many people still\ndo not understand the importance of asset protection. \u201cThis lack of\nknowledge is often referred to as education and literacy issues. It is\nevident that public spending on cigarettes is quite high, with prices\nexceeding insurance premiums,\u201d said Irvan in Jakarta on Wednesday\n(28\/4\/2026). Irvan noted that high property prices also influence public\ndecisions. He urged the introduction of support schemes such as premium\nsubsidies for vulnerable groups, similar to the Premium Assistance\nRecipients (PBI) in BPJS. \u201cThe government must intensify education and\nliteracy efforts. Especially now with mandatory insurance as regulated\nin the P2SK Law,\u201d said Irvan. On the other hand, the Financial Services\nAuthority (OJK) is preparing a draft regulation on premium rates for\nproperty and motor vehicle insurance. This policy is seen as\nstrengthening risk management in the industry. Jasindo Corporate\nSecretary Brellian Gema said that rate adjustments need to reflect the\nlatest risk profiles. \u201cIf this adjustment is made, we hope it will\nreflect actual risk profiles, encourage more prudent underwriting\npractices, and maintain the health and sustainability of the general\ninsurance industry,\u201d said Brellian. Brellian explained that the increase\nin claim risks is one factor driving the rate adjustment. The company is\nalso strengthening risk analysis and underwriting policies. He added\nthat property insurance is still often seen as an additional burden.\n\u201cMany property owners still view insurance as an extra cost, whereas\nthis is a form of protection investment. With relatively affordable\npremiums, they can avoid the risk of asset loss due to disasters,\u201d said\nBrellian. According to Brellian, property protection covers risks such\nas fire, flood, earthquake, and tornadoes. Increasingly unpredictable\nweather conditions make the need for protection even more relevant.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rising-disaster-risks-require-intensified-property-insurance-literacy-efforts-1777460483",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}