OJK Approves Insurance Consortium for Fintech Lending Sector

Strengthening Fintech Ecosystem Through Credit Insurance

The Financial Services Authority (OJK) has taken a significant step to bolster the fintech lending industry by approving the formation of an insurance consortium. This consortium will provide credit insurance products specifically designed for peer-to-peer (P2P) lending platforms, also known as online lending (pinjaman daring or pindar). The decision was announced by Ogi Prastomiyono, OJK's Executive Head of Insurance, Pension Funds, and Guarantee Supervision, during a press conference held on January 9, 2026.

Key Features of the Insurance Product

The credit insurance product, launched in December 2025, is designed to mitigate risks within the fintech lending ecosystem. By providing this insurance, OJK aims to enhance the stability and resilience of the industry. The insurance product is a result of a collaborative approach among insurance companies, forming a consortium to pool their resources and expertise.

Regulatory Support and Industry Impact

OJK's approval of the insurance consortium underscores the regulator's commitment to fostering a robust and secure fintech lending environment. This move is expected to have a positive impact on the industry by reducing credit risk and enhancing investor confidence. The development reflects OJK's proactive approach to addressing potential risks and challenges in the rapidly evolving fintech sector.

Future Outlook

The introduction of credit insurance for fintech lending is seen as a crucial step towards creating a more mature and stable financial ecosystem. As the fintech industry continues to grow, such regulatory measures are likely to play a pivotal role in shaping its future trajectory. OJK's ongoing efforts to strengthen the sector through innovative regulatory solutions demonstrate its dedication to balancing innovation with risk management.