Posts Tagged ‘Insurance’

IEA MYE

Insurance and Reinsurance Contracts in Indonesia

By Ira A. Eddymurthy and Maria Yudhitama Under the Indonesian Commercial Code, insurance is an agreement between the insurer (insurance company) and the insured party under which the insurer agrees to compensate the insured party for losses, damages or loss of revenues on the occurrence of uncertain events, in return for receiving premiums from the [...]

IEA MYE

SSEK Looks at Insurance and Reinsurance in Indonesia

SSEK founding partner Ira A. Eddymurthy and associate lawyer Maria Yudhitama have contributed the Indonesia chapter of the Insurance and Reinsurance Global Guide 2017/18. The guide is published by Thomson Reuters Practical Law. Ira and Maria provide a high-level overview of the trends and regulatory framework in the Indonesian insurance and reinsurance market. They look [...]

Michael Carl

SSEK Adviser Delivers Updates on Banking, Insurance and Financial Technology, and Non-Cash Payment Transaction Processing in Indonesia

Michael S. Carl, an international legal adviser at SSEK Indonesian Consultants, recently provided updates to audiences in Tokyo on banking, insurance and financial technology regulation in Indonesia, and on non-cash payment transaction processing in Indonesia. You can find his update on banking, insurance and fintech in Indonesia here. And you can find his presentation on [...]

Jakarta

Insurance Companies in Indonesia Must Appoint Controller

By Ira A. Eddymurthy and Maria Yudhitama Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued a regulation that requires insurance companies in Indonesia to appoint a controller by June 2017 at the latest. OJK Regulation No. 67/POJK.05/2016 regarding Business Licensing and the Organization of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and [...]

Jakarta

Insurance Companies in Indonesia Must Follow Requirement on Ultimate Shareholders

By Ira A. Eddymurthy and Maria Yudhitama The Indonesian Insurance Law (Law No. 40 of 2014 regarding Insurance) introduced a significant change regarding the shareholding composition of insurance companies. Breaking from previous policy, the Insurance Law specifically mandates that the local shareholders in an insurance company must be ultimately owned by Indonesian individuals. After the [...]

Michael S. Carl

Michael Carl of SSEK Features at Asia Bancassurance Conference

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was a featured speaker at the 18th Asia Conference on Bancassurance and Alternative Distribution Channels, organized by Asia Insurance Review. The conference was held May 15-16 at Hotel Mulia Senayan in Jakarta. Michael discussed foreign ownership of insurance companies in Indonesia, and looked [...]

Michael Carl

Michael Carl of SSEK to Speak at Asia Bancassurance Conference

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, will be a featured speaker at the 18th Asia Conference on Bancassurance and Alternative Distribution Channels, organized by Asia Insurance Review. The conference will be held May 15-16 at Hotel Mulia Senayan in Jakarta. Michael will discuss Legal Issues and M&A Deals in [...]

Legal Alert (for blog post)

Legal Alert July 2016

Please find the SSEK Legal Alert for July 2016. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.

Legal Alert (for blog post)

Legal Alert May 2016

Please find the SSEK Legal Alert for May 2016. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.

combine 2

SSEK Partners Speak at Insurance M&A Conference

Ira A. Eddymurthy and Fahrul S. Yusuf, partners at SSEK Indonesian Legal Consultants, spoke at the recent 3rd Conference on Insurance M&A in Asia, organized by Asia Insurance Review and held in Singapore. Ira and Fahrul discussed the latest trends, opportunities, challenges and regulatory developments affecting insurance M&A in Indonesia. SSEK is recognized as one [...]