To Chase Prabowo's 8% Economic Target, OJK Accelerates 6 New Insurance Regulations

Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) is currently reviewing six strategic policies and regulations to be issued this year. These rules are focused on enabling the insurance industry to contribute to the 8% economic growth target in 2029.

The Executive Head of Insurance, Guarantee, and Pension Fund Supervision at OJK, Ogi Prastomiyono, revealed that there are still six POJK planned for issuance in 2026, along with supporting PADK regulations.

“These six POJK include those related to financial reporting integrity, periodic reporting for guarantee institutions, insurance company solvency, PAYDI, PPDP governance, and the operation of pension funds,” he explained, at the regulation dissemination day on Tuesday (14/4/2026).

Additionally, there are three other POJK awaiting mandates from the Law on the Development and Strengthening of the Financial Sector (P2SK) or government regulations to be issued.

Looking ahead, policies will also be directed to enable the PPDP sector to contribute more significantly to sustainable economic growth. This is to support Indonesia’s economic growth target in 2029.

To achieve the national target in 2029, insurance industry assets are required to grow 7-9% per year. Meanwhile, in 2025, the growth of insurance industry assets is only around 5.95% year to date (ytd), reaching Rp1.201 trillion.

From the pension fund industry (dapen), assets must grow 23-25% per year to achieve the economic growth target set by President Prabowo Subianto. Currently, assets have only grown 11.35% ytd to Rp1.679 trillion.