Apart from macro prudential regulations on banking industry, Bank Indonesia will strengthen assessment and surveillance of financial system participants, not only financial services institutions but also the users of financial services such as corporations. In this regard, Bank Indonesia will strengthen and expand its macro prudential surveillance coverage towards households, corporations and non-financial corporate groups.
Currently, takaful gross premiums account for almost 18% of total premiums, up from 14% a year ago. Medical insurance as well as life insurance have also contributed significantly to this growth in overall premiums.