Jakarta, CNBC Indonesia- Chief Executive of the OJK Insurance, Guarantee & Pension Fund Supervisor, Ogi Pratomiyono, revealed that the OJK’s strategy is to encourage the readiness of the insurance industry in implementing the Statement of Financial Accounting Standards (PSAK) 74 which will come into effect in 2025.
OJK formed a Wokring group tasked with preparing steps to implement PSAK 74 which was adopted from IFRS 17 which has been implemented by many joint venture companies.
What is OJK’s strategy to encourage the implementation of PSAK 74? For further details, see Andi Shalini’s dialogue with the Chief Executive of the OJK Insurance, Guarantee & Pension Fund Supervisor, Ogi Prastomiyono at Power Lunch,CNBCIndonesia (Wednesday, 18/10/2023)