The Insurance, Surety, and Pension Fund Supervision implements integrated regulatory and supervisory system in the banking sector.
In carrying out its functions, the Insurance, Surety, and Pension Fund Supervision has several main duties:
Developing initiatives to support regulations for the supervision of Insurance, Surety, and Pension Funds, including Sharia Insurance, Surety, and Pension Funds;
Drafting Insurance, Surety, and Pension Fund Supervision regulations
Developing supervision systems for Insurance, Surety, and Pension Funds, including standards, norms, criteria, and procedures;
Guiding, supervising, and inspecting parties who obtained business license/approval/registration from Indonesia Financial Services Authority and other parties engaging in the Insurance, Surety, and Pension Fund sector;
Conducting special supervision on the Insurance, Surety, and Pension Fund sector;
Providing written instructions, appointing, and/or determining statute manager uses on financial services parties/institutions engaging in the Insurance, Surety, and Pension Fund Sector to prevent consumer, public, and financial services sector's losses;
Enforcing laws/regulations in Insurance, Surety, and Pension Fund Sector;
Conducting special investigations into irregularities suspected to involve criminal activities in the Insurance, Surety, and Pension Fund sectors;
Carrying out Insurance, Surety, and Pension Fund Supervision quality control;
Carrying out Insurance, Surety, and Pension Fund Sector crisis management protocols;
Providing technical guidance to business actors and evaluations in the Insurance, Surety, and Pension Fund Sector;
Coordinating Insurance, Surety, and Pension Fund Sector licensing and supervision in the Financial Services Authority Office and Regional Office;
Performing other duties assigned by the Board of Commissioners
