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               SP 71/DKPU/OJK/IV/2026

PRESS RELEASE

ADVANCING DEVELOPMENT FINANCING, OJK ENHANCES GOVERNANCE AND SUPERVISORY FRAMEWORKS FOR THE INSURANCE, GUARANTEE, AND PENSION FUND INDUSTRIES

The 2026 PPDP Regulatory Dissemination Day 

Jakarta, 13 April 2026. Indonesia Financial Services Authority (OJK) continues to strengthen governance and supervision in the insurance, guarantee, and pension fund (PPDP) sector by issuing several regulations on governance, prudentialism, and risk-based supervision to reinforce the PPDP industry.

A strong PPDP industry is expected serve as a key driver of domestic financing as well as the continuous support to the national development financing, Chief Executive of the Insurance, Guarantee, and Pension Fund Supervision of OJK Ogi Prastomiyono conveyed during his remarks at the 2026 PPDP Regulatory Dissemination Day in Jakarta on Monday.

Ogi emphasized PPDP sector's strategic roles in the national economy as the main driver of long-term economic stability and growth in addition to as complementary sector.

“The insurance, guarantee, and pension fund sector has a strategic role in the national economy, not as mere complementary sector, but a pillar of stability and long-term economic growth accelerator," Ogi said.

Ogi added that the PPDP sector also serves as a risk manager and institutional investor that supports long-term financing.

 “PPDP sector as risk management engine provides protection against various risks, and expands access to financing, particularly to MSME and productive sectors," he stated.

Therefore, OJK views the need for more targeted measures to optimize the growth of the PPDP industry in addressing long-term financing demands.

Ogi stated that the main challenge of PPDP sector is ensuring industry growth exceeding the national economic growth as Indonesia economic growth target in the next few years ranges between 5-8 percent.

“Hence, the 2026 Financial Services Industry annual meeting sets the insurance industry growth at 5-7 percent annually, pension fund assets at 10-12 percent. However, the 2029 Medium-Term National Development Plan targets achievement require higher growth of approximately 7-9 percent for insurance and 23-25 percent pension funds annually are required," he said.

Ogi explained that as of the end of February 2026 the PPDP sector assets totalled to Rp2,992 trillion or a 9.94 percent year-on-year growth with investment value of Rp2,313 trillion or a 7.94 percent year-on-year growth.

The pension fund sector contributes the largest by Rp1,700 trillion, followed by Rp1,219 trillion from the insurance sector, showing the two sector's dominance in the PPDP industry.

With the growingly complex global dynamics, OJK views a need of more directed policy strengthening to maintain the industry performance and increase its contribution to the national economy.

OJK is currently reviewing various policies and regulations to ensure they remain effective and relevant in maintaining the stability of the PPDP sector, in line with evolving economic conditions. The regulations to be issued by OJK in 2026 will focus on potential aspects governance and risk-based supervision improvement.

To support this optimization, OJK is also preparing the Roadmap of Sustainable Financial Development of PPDP Sector 2026-2030 as a referential guide for the industry in implementing sustainable finances principles and in achieving Net Zero Emission (NZE) and Sustainable Development Goals (SDGs).

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For more information

Head of Integrated Financial Services Sector Surveillance and Policy Department of OJK – Agus Firmansyah

Tel. 021.29600000; Email: humas@ojk.go.id