OJK Extends Reporting Obligation Deadline in SLIK for Insurance and Surety Companies

Jakarta (ANTARA) - The Financial Services Authority (OJK) has extended the implementation deadline for reporting obligations in the Financial Services Information System (SLIK) for insurance companies and surety companies from the original date of 31 July 2025 to no later than 31 December 2027. In detail, the insurance companies in question are general insurance and Sharia general insurance companies that market credit insurance and/or surety products. Additionally, the policy also applies to Sharia surety companies. Head of the OJK’s Surveillance and Integrated Financial Services Sector Policy Department, Agus Firmansyah, stated in an official release in Jakarta on Saturday that this policy is not a postponement of obligations, but rather a strengthening measure to ensure that implementation proceeds in a high-quality and sustainable manner. “This adjustment is part of OJK’s steps to strengthen the quality and integrity of the reporting system, in line with the need to refine reporting mechanisms, prepare supporting infrastructure, and fulfil the availability and quality of debtor data,” said Agus. The adjustment to the SLIK reporting obligation implementation is also contained in a letter from OJK’s Executive Head of Insurance, Surety, and Pension Fund Supervision, Ogi Prastomiyono, to associations and insurance and surety companies. The obligation for insurance and surety companies to report to SLIK is regulated in OJK Regulation (POJK) Number 11 of 2024 concerning the Second Amendment to POJK Number 18/POJK.03/2017 on Debtor Reporting and Information Requests through the Financial Services Information System. The authority assures that it will continue to conduct periodic monitoring and evaluation of companies’ readiness to fulfil these obligations.