Posts Tagged ‘Insurance’

Asia Business Law Journal Deal of the Year 2017

SSEK Indonesian Legal Consultants Advises on 3 Award-Winning Deals

SSEK Indonesian Legal Consultants has received three Deal of the Year Awards from Asia Business Law Journal. SSEK was recognized for its work on the following deals: – Advising PT Bank Central Asia (BCA) on the extension of its bancassurance distribution partnership with AIA Group. – Advising Macquarie Capital on the acquisition of a portfolio [...]

Michael Carl

SSEK Advisor Discusses Bancassurance in Indonesia at Asia Insurance Review Conference

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was a featured speaker at the 19th Asia Conference on Bancassurance & Alternative Distribution Channels, organized by Asia Insurance Review. The conference was held 10-11 May in Manila, Philippines. You can find Michael’s presentation on bancassurance in Indonesia here. Michael joined SSEK in [...]

19th Asia Bancassurance Conference

SSEK Advisor to Speak at Bancassurance Conference

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, will be a featured speaker at the 19th Asia Conference on Bancassurance & Alternative Distribution Channels, organized by Asia Insurance Review. The conference will be held 10-11 May in Manila, Philippines. The conference allows banks, insurers, insurtechs, strategic partners and international top leaders [...]

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 [...]