OJK to issue new bancassurance regulations

( May 12, 2016, 04:07 GMT | Insight) -- Commissioner Edi Setiadi of Indonesia’s Financial Services Authority has confirmed that regulations to prohibit exclusive dealings between banks and insurers in the marketing of bancassurance products will be released in June, CNN Indonesia reports.Commissioner Edi Setiadi of Indonesia’s Financial Services Authority, or OJK, has confirmed that regulations to prohibit exclusive dealings between banks and insurers in the marketing of bancassurance products will be released in June, CNN Indonesia reports. Setiadi said one focus of the regulations would be ensuring that insurers marketed bancassurance in the same way as they marketed other insurance products. He added that banks would not be allowed to form exclusive deals with particular insurance companies, and that they should provide choices for their customers. He said the new regulations aimed to protect consumers. ...

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Prepare for tomorrow’s regulatory change, today

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