Domestic systemically important insurers would need larger boards, while insurers with less retail reach or lower systemic importance would face fewer approvals.
The funds will be disbursed in two IDR10trn (US$557m) instalments, as the insurer seeks to address a cash flow gap between contributions collected and healthcare service payments.
The regulator will also review funeral insurance in the first half of 2027 and report on life insurer service issues, while continuing to monitor cash settlements and motor premium disclosure.
The proposed commission caps have pushed PB Fintech to weigh a move into insurance manufacturing, while some insurers need little or no cost cutting to meet the proposed EoM limits.
Nearly half of the jurisdictions reviewed now impose revenue-linked cyber penalties, while mandatory breach-reporting requirements are in place across all but one market.
