Jakarta, CNBC Indonesia – Funding Administration Company (BPI) and Antara revealed the phases of insurance coverage consolidation and pink plate reinsurance that will likely be raised from 15 corporations to three entities.

Managing Director of Chief Economist and Between Reza Yamora Siregar stated, earlier than finishing up a merger & acquisition motion, his social gathering would conduct clustering insurance coverage and reinsurance corporations beneath one umbrella, specifically IFG Holding.

“If we’re in and between, one of many processes that can happen, we’ll cluster all insurance coverage beneath one cluster, which presently has IFG, however not all insurance coverage beneath IFG. So step one is definitely we’re going to put all of them in a single cluster,” Reza stated within the Indonesia Re, in Jakarta, Tuesday, (30/9/2025).

After clustering, the following step is to overview the BUMN monetary stability. That is wanted to see corporations that want restructuring.

Within the closing phases, Reza stated, the primary goal of and between is industrial consolidation. That is wanted to optimize industrial capability, whereas supporting the success of the Minimal Capital Guidelines of the Monetary Providers Authority (OJK).

“In and between there are 15 BUMN insurance coverage, the bulk don’t function correctly, so we have to do one thing. Of the 15 it’s doubtless that we solely depart 3, as a result of we need to keep (fulfill) the laws of the OJK,” stated Reza.

Reza Meniliai, consolidation can’t be averted as a result of natural capital progress just isn’t potential. As a result of the deadline of the OJK coverage is shut.

As is thought, based on OJK Regulation (POJK) Quantity 23 of 2023, insurance coverage corporations will need to have a minimal fairness of Rp 250 billion and a sharia insurance coverage firm Rp 100 billion. The minimal fairness should be met each entity no later than December 31, 2026.

Later, the minimal insurance coverage fairness coverage will likely be continued regularly till the top of 2028. In 2028, the classification of insurance coverage corporations will likely be carried out into KPPE Fairness 1 and KPPE Fairness 2.

(Ayh/Ayh)

(Gambas: CNBC Video)

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