OJK Approves Business License for PT Mitra Iswara dan Rorimpandey Insurance Brokers After Name Change

Regulatory Approval for Name Change

The Financial Services Authority (OJK) has granted a business license to PT Mitra Iswara dan Rorimpandey Insurance Brokers following its change of name from PT Mitra Iswara & Rorimpandey. This decision was made official through the Decree of the OJK Commissioner Board Member No. KEP-657/PD.02/2025 dated December 11, 2025. According to OJK's announcement on December 19, 2025, the name change became effective on the date of the decree.

Details of the Regulatory Approval

The OJK's decision to grant the business license was announced by I Wayan Wijana, Head of the Licensing Department, Special Examination and Quality Control of Insurance, Guarantee and Pension Funds at OJK. The approval underscores OJK's regulatory oversight in the insurance brokerage sector, ensuring that all operational changes comply with financial services regulations.

Implications for the Insurance Brokerage Sector

This approval demonstrates OJK's commitment to maintaining regulatory compliance in the insurance brokerage industry. The name change from PT Mitra Iswara & Rorimpandey to PT Mitra Iswara dan Rorimpandey Insurance Brokers likely reflects the company's strategic rebranding or expansion plans. The OJK's role in approving such changes is crucial for maintaining transparency and order in the financial services sector.