Boosting Insurance and Pension Funds' Contribution to GDP, OJK Prepares 6 New Regulations

Jakarta, VIVA – The Financial Services Authority (OJK), through its Executive Head of Insurance, Guarantee, and Pension Fund Supervision, Ogi Prastomiyono, has stated that it is currently preparing six new regulations to boost the contribution of the insurance, guarantee, and pension fund (PPDP) sector to national economic growth.

During the Regulatory Dissemination Day event, Ogi explained that the new rules, targeted for issuance this year in the format of OJK Regulations (POJK), include provisions on financial reporting integrity, reporting by guarantee institutions, and strengthening the solvency of insurance companies.

Additionally, these POJKs will cover regulations for insurance products linked to investments (PAYDI), governance in the PPDP sector, and the operation of pension fund businesses.

“So that in the future, the PPDP sector can contribute more to sustainable national economic growth,” said Ogi in the SCBD area, Sudirman, South Jakarta, on Monday, 13 April 2026.

He added that OJK is also preparing three other regulations as part of the revision to the Law on the Development and Strengthening of the Financial Sector (P2SK), which focus on enabling the insurance industry to contribute to national economic development.

Ogi explained that the PPDP sector’s contribution to the national gross domestic product (GDP) remains relatively small compared to other countries, currently accounting for only about 6% of GDP.

Therefore, OJK, together with the government and industry players, is still working to increase the PPDP sector’s asset contribution to GDP. According to him, the growth of PPDP sector assets must exceed national economic growth.

“Of course, if we want to increase the contribution of assets to GDP, then the asset growth in the insurance and pension fund sectors must be higher than Indonesia’s economic growth,” said Ogi.

“So if Indonesia’s economy grows by 5.1%, then the assets in insurance and pension funds must grow more than that,” he stated.