Encourage Insurance Society, Government Needs to Immediately Form LPPP
The government and the Financial Services Authority (OJK) need to immediately establish a Policy Holder Guarantee Institution (LPPP) as an effort to encourage and increase public interest in using insurance services.
LPPP can also restore the image of insurance companies, considering that recently there have been more and more problems that have occurred in a number of companies,” explained the Indonesian Insurance Council Trustee (DAI) Kornelius Simanjuntak, last weekend. According to him, if referring to Law (UU) Number 40 of 2014 concerning Insurance, the institution must already be established because the law in question mandates that the institution must exist no later than three years after the insurance law is issued. He also called for the creation of healthier insurance industry governance in the country, considering that recently there have been many complaints related to unit-linked products and cases of default. Therefore, Kornelius continued, in order to create healthier governance in this industry, collaboration between insurance companies and insurance brokers needs to be encouraged.
|•SOURCE•| Articles :INVESTOR | Image :SINDO |
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