OJK Extends SLIK Reporting Deadline for Insurance Companies
The Financial Services Authority (OJK) has extended the validity period of the obligation to act as a reporter in the Financial Services Information System (SLIK). This provision applies to general insurance companies and sharia general insurance companies marketing credit insurance and/or surety products, as well as guarantee companies and sharia guarantee companies.
This regulation refers to Financial Services Authority Regulation Number 11 of 2024 concerning the Second Amendment to Financial Services Authority Regulation Number 18/POJK.03/2017 on Reporting and Requesting Debtor Information through the Financial Services Information System.
“Originally valid until 31 July 2025, it has been extended to no later than 31 December 2027,” OJK stated in a written release on Saturday, 25 April 2026.
Companies are urged to promptly adjust their collaborations with relevant parties and strengthen the necessary information systems to optimally fulfil their readiness as SLIK reporters. OJK will continue to monitor and periodically evaluate the companies’ readiness in implementing these obligations.
“OJK emphasises that this policy is not a delay in obligations, but rather a strengthening measure to ensure that implementation proceeds in a high-quality and sustainable manner,” OJK stated.
OJK also announced an extension of the deadline for submitting audited annual financial reports for 2025 based on Financial Accounting Standards Statement (PSAK) 117 on Insurance Contracts for general insurance, life insurance, and reinsurance companies, from the latest deadline of 30 April 2026 to 30 June 2026.
OJK stated that this step is taken to give the insurance industry time to ensure readiness in implementing PSAK 117 on Insurance Contracts. OJK has also set adjustments to reporting obligations directly related to those financial reports, namely:
Delay in updating asset values in the OJK Revenue Information System (SIPO) until the audited financial reports are received.
Adjustment of the deadline for submitting public reports in the form of a summary of audited annual financial reports to no later than 31 July 2026.
Adjustment of the deadline for submitting the Sustainability Report to no later than 30 June 2026.
“OJK will continue to monitor the implementation of these policies to ensure that reporting obligations are fulfilled properly, on time, and in accordance with applicable provisions,” OJK stated.