This group includes reinsurance activities with sharia principles or the coverage of all or part of the risks associated with existing insurance policies that are covered by other insurance companies.
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Key requirements to set up a sharia reinsurance in Indonesia
The following requirements are based on the Indonesian business classification code 65202
- Maximum foreign ownership
- Minimum capital
- Rp. 0 billion
- Local SME partnership required
What is a KBLI 65202?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
65202 stands for sharia reinsurance
|Section||Financial and insurance activities|
|Division||Insurance, reinsurance and pension funding, except compulsory social security|
|Indonesian class||Sharia reinsurance|
What are the requirements to set up a sharia reinsurance in Indonesia?
- This business classification does not allow foreign ownersip.
The process of registering sharia reinsurance company in Indonesia
The exact process of registering a sharia reinsurance company depends on the location of your company's registered address.