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The spin-off of insurance company’s sharia units // Corporate
Manage episode 380240963 series 3353998
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This podcast series is curated by our formal association firm in Indonesia, Widyawan & Partners.
Episode 4: Regulatory Developments in Indonesia – a Multi-Sectoral HighlightThe Financial Services Authority (“OJK”) finally issued the long awaited OJK Regulation No. 11 of 2023 on Spin-off of Sharia Units of Insurance Companies and Reinsurance Companies (“OJK Reg 11”). The obligation to spin-off sharia unit was mandated by the Insurance Law. However, due to lack of guidelines to implement this spin-off requirement, only few insurers have completed their sharia unit spin-off. OJK Reg 11 is issued to accommodate feedback from the industry to give clearer guidance on the spin-off requirements. This OJK Reg 11 is expected to boost the insurers’ compliance to spin-off its sharia unit, the topic will be discussed by our corporate M&A partner, Teguh Arwiko and managing associate, Tengku Almira Adlinisa in this episode.
To listen to all episodes in this series, visit our Regulatory Developments in Indonesia – a Multi-Sectoral Highlight.
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