Investigations Lead to Management Overhaul

The alleged corruption implicating Asuransi Kredit Indonesia (Askrindo) sparked up improvement plans in the parent company of state-owned insurance and underwriting firms. There are problems in the insurance agent business regulations.

Retno Sulistyowati

March 8, 2021

THIS March, the Finance and Development Supervisory Agency (BPKP) will launch an investigative audit on Asuransi Kredit Indonesia or Askrindo. The government’s internal auditing agency had just completed the case presentation with Indonesia Financial Group (IFG), the holding company of state-owned insurance and underwriting firms. “We could not have been more transparent in the Jiwasraya and Asabri cases,” said Deputy State-Owne

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