PT Asuransi Jiwasraya (Persero). Photo: Media Indonesia/Ramdani
PT Asuransi Jiwasraya (Persero). Photo: Media Indonesia/Ramdani

Palace Welcomed Establishment of a Working Committee for Jiwasraya Case

English Jiwasraya
Damar Iradat, Christopher Harindra • 22 Januari 2020 14:09
Jakarta: The Presidential Palace welcomed the establishment of a Working Committee (Panja) on the Jiwasraya case. The establishment of Panja is considered in line with the government.
"Namely increasing oversight of the financial services industry and determining measurable steps to restructure Jiwasraya and saving customer funds," spokesman President Fadjroel Rachman said when confirmed in Jakarta on Wednesday, January 22, 2020.
The formation of the Panja Jiwasraya is expected to evaluate the supervision and governance of the financial services industry. This is in the interest of the community.

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"With this Committee, it is hoped that the Indonesian financial services industry will be increasingly well supervised, increase public confidence, and support economic growth and public welfare," he said.
The House of Representatives (DPR) Commission XI agreed to form a financial industry oversight committee. One of the focus of the working committee is addressing the case of Jiwasraya’s failure to pay.
DPR Commission XI Chairman Dito Ganindito said the decision to form a committee was based on the results of a hearing (RDP) with the Financial Services Authority (OJK) and the Jiwasraya Board of Directors.
Panja not only discusses the matter of Jiwasraya, but also other insurance companies owned by State-Owned Enterprises (BUMN). For example, the case of Armed Forces Social Insurance Company of the Republic of Indonesia (ASABRI) and the Civil Servant Insurance and Savings Company (Taspen).
"Our priority is Jiwasraya, then Bumiputera, Muamalat Bank, ASABRI, and Taspen," said Dito.
Commission VI had already formed a committee in response to the Jiwasraya and other state-owned insurance companies. The Working Committee formed in Parliament will focus on finding a mechanism to refund customers that Jiwasraya has failed to pay. The committee in Commission III focuses on law enforcement.


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