JAKARTA - OJK Chief Executive of Insurance, Guarantee and pension funds Ogi Prastomiyono revealed that global geopolitical conditions have a support for insurance performance.
He explained that global geopolitical conditions, such as Israeli conflicts and tariff policies between countries, could affect financial market sentiment that has an impact on the performance of investment portfolios, which is one of the focuses of business activities of Insurance Companies.
"OJK continues to encourage insurance companies to always carry out prudential principles in investment management, including through portfolio diversification and strengthening risk management that is adaptive to global uncertainty," he said in a written statement at the Board of Commissioners' press conference, quoted Monday, July 21.
Furthermore, he conveyed to products that have investment features such as unit links, OJK emphasized to the Insurance Company the importance of information transparency and increased literacy for policyholders so that they understand the risk profile and benefits of unit link products as a whole.
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Meanwhile, based on OJK data as of May 2025, the premium of the link unit was recorded at IDR 16.52 trillion or 22.78 percent of the total life insurance premium.
Ogi emphasized that his party always carries out periodic monitoring of the potential risks of uncertainty in the world today which has the potential to have an impact on insurance.
"As a regulator, OJK conducts regular monitoring of potential systemic and sectoral risks, including from a geopolitical perspective which ultimately also has an impact on various insurance lines," he concluded.
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