Takaful Umum Backs OJK's Mandatory Disaster Insurance Initiative

Addressing Indonesia's Disaster Risk

PT Asuransi Takaful Umum has expressed support for the Financial Services Authority (OJK)'s plans to introduce mandatory disaster insurance in Indonesia. The company's President Director, Ihrom Bayu Aji, highlighted that Indonesia's high vulnerability to natural disasters necessitates the establishment of a comprehensive disaster insurance scheme.

Industry Collaboration Essential

Ihrom emphasized that creating a mandatory disaster insurance program is a collective responsibility for both the insurance industry and the government. He stressed that forming a disaster insurance consortium is crucial to effectively manage and mitigate disaster risks across the country.

Context: Indonesia's Disaster Risk Exposure

Indonesia is located in a region prone to various natural disasters, including earthquakes, tsunamis, and volcanic eruptions. The implementation of mandatory disaster insurance is seen as a critical step in enhancing the country's resilience and reducing the financial impact of such events on individuals and businesses.