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| Asuransi Hingga Pinjol Bermasalah, Bos OJK Non-Bank Beri Ultimatum |
OJK admits that it continues to highlight several financial institutions in the non-bank financial industry (IKNB) that have problems or fall into the category of special attention.
The Financial Services Authority (OJK) held a 'clean-up' of companies in the non-bank financial industry (IKNB) sector that were problematic and had not met financial performance ratios according to regulations.
Chairman of the OJK Non-Bank Financial Industry Supervisory Board (IKNB) Ogi Prastomiyono explained that troubled non-bank financial services institutions (LJKNB) are actually only a small part of the entire industry. IKNB stretches in various industries, from insurance, pension funds, leasing to technology-based financial companies ( financial technology / fintech)
He gave an example for insurance, the average level of solvency ( risk based capital / RBC) of this sector is cumulatively still far above the 120 percent limit, namely 493.8 percent for life insurance and 313.19 percent for general insurance. Likewise in the financing sector, the gearing ratio is still 1.98 times or far from the maximum limit of 10 times.
"In general, the NBFI sector is still in good condition, although it is recognized that currently there are several NBFIs that require special attention, among others, due to lack of capital, funding, and weaknesses in the application of governance and risk management," he said, Monday (5/5). /9/2022).
Ogi emphasized that his party is currently also focusing on strengthening supervision of these problematic NBFIs, one of which is in terms of communicating incentives with the management.
"Including urging management and shareholders to meet the needs of capital, funding, as well as improving governance and risk management properly. Against NBFIs that are unable to overcome their problems, strict supervisory actions will be taken, in accordance with applicable laws and regulations," he added.
Meanwhile, Ogi revealed that the characteristics of problematic NBFIs are quite diverse, so that each company needs special handling.
For example, Ogi mentioned the progress of the Bumiputera Joint Life Insurance (AJB) 1912, in which his party had approved the Member Representative Body (BPA) and a new President Director.
"So that AJBB's organs are now actually complete. Next, we are waiting for a financial restructuring plan or RPK from the management. Because the main problem of AJBB is its liabilities which are quite large and bigger than its assets. We are waiting for how the RPK can solve the problem," he said.
Meanwhile, regarding the case of PT Asuransi Jiwa Adisarana Wanaartha (WanaArtha Life/WAL), Ogi explained that his party has followed up on this by increasing the status of business activity freeze (PKU) for all business activities, as there is no certainty from WAL shareholders regarding how to fulfill their obligations.
"So we are still waiting for a reasonable RPK. We are also still looking at the things reported by public accountants and actuaries regarding the value of WAL's obligations. This is still a concern, because there are differences with what was conveyed by the company. " he said.
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