JAKARTA - OJK proposes the establishment of a consortium in the insurance industry to provide protection for government priority programs from the potential for various risks.
This was stated by the Chief Executive of the Insurance, Guarantee and Pension Fund (PPDP) of the Financial Services Authority (OJK) Ogi Prastomiyono in Jakarta, Sunday, April 27.
As an effort to support the performance of financial services actors, especially in the insurance sector, his party is mapping the implementation of government-seeded programs from upstream to downstream.
"OJK maps upstream to downstream processes related to these programs and sees what the national insurance industry can support to protect risks that can hinder the implementation of this government priority program," he said, quoted by Antara.
He stated that in the program, 3 million OJK houses proposed the formation of an insurance consortium from the general insurance and insurance industry, as well as reinsurance.
Later, the consortium will protect customers, for example from the risk of death which can result in the risk of default with products, while general insurance can play a role in protecting risks, such as those related to fire risk, demolition, and others.
Ogi said that the insurance industry can also play a role in the Free Nutrition Food (MBG) program.
This role begins with the food production phase through agricultural insurance or health insurance to protect MBG recipients from the risk of food poisoning.
Other insurance products that can be applied are credit insurance to protect MSMEs processing MBG dishes from risk of financing or accident insurance to protect against risks that may occur when distributing food.
BACA JUGA:
He said that the insurance industry is ready to provide protection for government priority programs because these insurance products are already available in the market.
Even so, he added, government support is still needed through premium subsidies and incentives for these financial services actors.
"All products for this proposal are already available in the insurance industry, and the insurance industry is considered ready, especially if the large number is achieved, the risk for insurance companies will decrease, just waiting for a scheme from the government because massive programs like this require government support," said Ogi.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
