01925cas a2200241 a 4500 AALejournalIMF018335 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484346297 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Indonesia : Financial Sector Assessment Program-Detailed Assessment of Observance-Insurance Core Principles. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (63 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews observance of Insurance Core Principles in Indonesia. Insurance regulation and supervision have been remarkably improved since the establishment of the Financial Services Authority (OJK) and the enactment of the new Insurance Law. However, the assessment has identified a significant number of shortfalls in observance with the Insurance Core Principles. Some deficiencies are owing to the lack of effective group regulation and supervision of insurance groups. Although OJK has implemented regulations related with risk management and group capital, intragroup transactions are not well taken into account. It is recommended that OJK should improve the effectiveness of supervision. Thematic reviews of reserving practices will encourage more conservative reserving. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/074 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/074/002.2018.issue-074-en.xml IMF e-Library