The Financial Services Authority (
Otoritas Jasa Keuangan – “
OJK”) has issued Circular
No. 9/SEOJK.05/2018 on Applications for Licensing, Approval and Reporting for Insurance Broker Companies, Reinsurance Broker Companies and Insurance Loss-Appraisal Companies via Electronic Means (“
Circular 9/2018”), as an implementation of Article 59 of Regulation of the OJK
No. 68/POJK.-05/2016 on Business Licenses and Institutions for Insurance Broker Companies, Reinsurance Broker Companies and Insurance Loss-Appraisal Companies (“
Regulation 68/2016”).
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