OJK Supports Mandatory Travel Insurance for Foreign Tourists

Enhanced Protection for Visitors

The Financial Services Authority (OJK) has expressed its support for implementing mandatory travel insurance for foreign tourists visiting Indonesia. This initiative aims to provide better protection for visitors while traveling in the country. According to Ogi Prastomiyono, Head of Executive Supervision of Insurance, Pension Funds, and Guarantee at OJK, this policy is considered a cross-sector initiative that requires coordination with various government agencies and institutions, particularly those related to tourism and immigration.

Cross-Sector Coordination

The implementation of mandatory travel insurance is not solely under OJK's authority; it involves multiple stakeholders, including tourism and immigration authorities. Ogi emphasized that the success of this policy depends on the collaboration between these entities. The coordination is crucial to ensure that the policy is effectively implemented without disrupting the tourism sector.

Rationale Behind the Policy

The rationale behind mandating travel insurance for foreign tourists is to enhance their protection while in Indonesia. With the increasing number of international tourists visiting the country, ensuring their safety and well-being has become a priority. Travel insurance can cover unexpected medical expenses, trip cancellations, and other unforeseen circumstances, providing tourists with peace of mind during their stay.

Current Status and Next Steps

While OJK has shown its support for the policy, the implementation is still in the study phase. Further research and discussions with relevant stakeholders are necessary before the policy can be enforced. OJK is committed to working with other government bodies to ensure that the policy is implemented effectively and efficiently.