OJK Conducts Special Supervision on 7 Insurance and Reinsurance Companies and 7 Pension Funds

JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) is conducting special supervision on seven insurance and reinsurance companies as well as seven pension funds.

This was revealed by the Executive Head of Insurance, Guarantee, and Pension Fund Supervision at OJK, Ogi Prastomiyono, during a press conference on the results of the OJK RDKB for April 2026.

However, he did not disclose the reasons.

“OJK is currently carrying out special supervision on 7 insurance and reinsurance companies as well as 7 pension funds,” said Ogi on Monday (6/4/2026).

This is in the form of enforcing the provisions for the gradual increase in minimum equity as regulated in OJK Regulation No. 23 of 2023.

“As of February 2026, there are 114 insurance and reinsurance companies out of 144, or 79.17 percent, that have met the required minimum equity amount for 2026,” Ogi explained.

In October of the previous year, OJK also imposed special supervision on six insurance and reinsurance companies.

That action was taken because the companies had not yet met the minimum financial health ratio as per the applicable regulations.

At that time, each company under special supervision was required to have a capital improvement plan approved through a General Meeting of Shareholders (RUPS).

For information, as of February 2026, the industry’s assets reached Rp1,219.35 trillion, or an increase of 6.80 percent year-on-year. On the commercial insurance side, total assets were recorded at Rp999.15 trillion, marking growth of 8.57 percent year-on-year.

The performance of commercial insurance in terms of premium income for the January-February 2026 period was Rp62.37 trillion, or growth of 3.50 percent year-on-year, consisting of life insurance premiums growing by 0.12 percent year-on-year at Rp32.39 trillion, and general insurance and reinsurance premiums growing by 7.41 percent year-on-year at Rp29.98 trillion.