OJK Issues Business Licenses to Eight Insurance Brokers in November 2025

Regulatory Approvals for Name Changes and Restructuring

The Financial Services Authority (OJK) has granted business licenses to eight insurance brokerage companies between November 14 and 24, 2025. These approvals were primarily related to corporate name changes and restructuring efforts. The decisions were formalized through official decrees issued by the OJK's Board of Commissioners.

Notable Approvals

1. PT Adhi Lintas Tanase, now operating as PT Adhilintas Reinsurance Brokers, received its reinsurance brokerage license through Decree KEP-604/PD.02/2025 dated November 13, 2025. The name change became effective immediately upon the decree's issuance.
2. PT Mitra Ibisnis Terapan, now known as PT MIT Insurance Brokers, obtained its new license via Decree KEP-587/PD.02/2025 on November 4, 2025.

Compliance Requirements

Both companies are required to maintain operational integrity and comply with prevailing regulations. The OJK mandates that these firms conduct their business activities professionally and adhere to all applicable laws and guidelines.

Industry Impact

This regulatory action demonstrates the OJK's ongoing oversight of the insurance brokerage sector, ensuring that companies operate within the legal framework while allowing for necessary corporate restructuring.