New RBC Trial Underway, Life Insurers Prepare for Implementation

Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) is currently conducting a trial of the new Risk-Based Capital (RBC) regulation on 10 insurance and reinsurance companies as part of the authority’s efforts to strengthen the insurance industry’s competitiveness and provide protection for policyholders. Avrist Assurance’s Business Director, Aldi Rinaldi, believes this new RBC trial aligns with efforts to strengthen the industry, including the implementation of PSAK 127. This step is expected to increase industry transparency and boost public trust in the insurance sector. In response, Avrist Assurance continues to prepare by strengthening governance and risk management, and improving data quality and supporting systems.