Global Trade Alert
Global Trade Alert

Indonesia: Data storage localisation requirement for insurance companies

Announcement

28 Dec 2016

On 28 December 2016, the Indonesian Financial Services Authority (OJK) issued regulation 69/POJK.05/2016 on the business organisation of insurance companies.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Oct 2017

Revocation date:

No revocation date

Updated: 28 Dec 2016
Local operations requirement In force

According to article 49(3) of the OJK regulation, all insurance companies shall keep their data in data centres and data recovery centres in the territory of Indonesia. The article specifies that t...

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