JAKARTA. Financial Services Authority or FSA (OJK) is now drafting FSA Regulation on Proper Management for Insurance Company that stipulates insurance company to have investment manager. The regulation will affect to insurance company that allocate 50% of its investment to government bonds or corporate bonds. Deputy Commissioner of FSA for Non-Banking Supervision Dumoly F. Pardede said that the insurance sector needs to be regulated, as the sector manages huge amount of clients’ funds. Executive Director of Indonesian General Insurance Association (AAUI) Julian Noor added that the proper investment management will benefit customers.
Insurance company required to have investment mgr
JAKARTA. Financial Services Authority or FSA (OJK) is now drafting FSA Regulation on Proper Management for Insurance Company that stipulates insurance company to have investment manager. The regulation will affect to insurance company that allocate 50% of its investment to government bonds or corporate bonds. Deputy Commissioner of FSA for Non-Banking Supervision Dumoly F. Pardede said that the insurance sector needs to be regulated, as the sector manages huge amount of clients’ funds. Executive Director of Indonesian General Insurance Association (AAUI) Julian Noor added that the proper investment management will benefit customers.