Financial
Services Authority, Jakarta, February 20, 2015: Financial Services
Authority (OJK) opens Call for Papers on insurance and pension fund under the
theme Improving the Role of Statistics and Actuary to Revitalize Insurance and
Pension Fund Industries. At the opening of this event in Jakarta on Friday (Feb.
20, 2015), OJK stated is expectation to receive ideas and concepts to
revitalize insurance and pension fund industries through the Call for Papers.
The event is aimed at growing society`s interest in
knowing all subjects associated with insurance and pension fund so as to
harmonize theories on insurance and pension fund that people get from
universities by practicing them in the industries. OJK`s Chief Executive for
Non-Bank Financial Industry Supervision Firdaus Djaelani added that the event
would be arranged routinely each year and is expected to be able to help
succeeding the program of creating 1,000 actuaries, and also be an instrument
of innovation in generating general society`s contribution to boost the
acceleration of insurance and pension fund industries development toward better
condition.
Based on OJK`s statistics data, assets in insurance
industry increased by
18.8
percent in average each year from 2009 to 2014, with total assets of insurance
companies as of December 2014 (unaudited) reaching Rp 755.4 trillion. In
pension fund sector, total net assets of pension fund as of December 2014
(unaudited) reached Rp 186.3 trillion, with growth of assets of pension fund at
9.7 percent in average annually.
However,
insurance and pension fund industries in Indonesia still have to face future
challenges that include, among others, low penetration of insurance and pension
fund, limited professional experts, insurance products design, pension fund
that might not fulfill society`s needs yet, and deficit in balance of insurance
payments.
Professionals
in insurance and insurance fund, government and OJK consider that education for
society along with link-and-match concept between industry demands and higher
education graduates hold important role in facing those challenges. In academic
activities, there are only several universities teaching subjects on non-bank
financial industry at this time, especially insurance and pension fund.
The
Call for Papers is open from February 20 to August 8, 2015. This event is targeting
on general society, professionals, researchers, lecturers and college students.
Board of jury in this event comprises five persons representing academics,
Society of Actuaries of Indonesia (PAI) and professionals/regulators. Evaluation
criteria involve four main indicators, namely innovation originality, concept
clarity, usefulness scale and applicative opportunities.
Terms and conditions:
Call for Papers on Insurance
and Pension Fund
For more information:
Dumoly F. Pardede
Deputy Commissioner II for Non-Bank Financial Industry Supervision
Phone: 021-3858001
Email: dumoly.freddy@ojk.go.id
www.ojk.go.id
