The INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT in Indonesia from Asian region had released this tender for Tenders are invited for Regulatory Impact Analysis Concerning Business Conduct of Insurance Companies in Indonesia Considering several concerns that arose as a result of several developments in insurance business practices; including the use of information technology in the company's business processes and developments in the types of products being marketed which have created new risks for the company and consumer protection issues; indicated by the fraud cases; high claim ratios on certain products; insurance company failure cases; and increased consumer complaints; it can be concluded that a review of the effectiveness of POJK 69/2016 concerning Insurance Company Business Conduct which has been in effect for 7 (seven) years needs to be carried out in encouraging sound business practices taking into account the latest developments in business practice. This review will be carried out in the form of a Regulatory Impact Analysis (RIA) on POJK 69/2016 to determine the effectiveness of implementing the regulation and the potential for strengthening the provisions. OJK’s NBFI Department currently has RIA Implementation Guidelines; but in terms of technical implementation; Technical Assistance from experts who have experience in implementing RIA; especially in the financial services sector; is urgently needed. with tender notice no. 0002002307 published on 16 Jun 2023. The tender expired on 19 Jun 2023. This tender is sourced from Official Website and is eligible for suppliers interested in Insurance services. Interested bidders can obtain further information including complete bid documents or ways to participate by registering on Tender Impulse and referencing via Tender Impulse ID 3238097.
*The deadline for this tender has passed.
Tender Notice No:
0002002307
Tender Organisation:
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
Tender Sector:
Tender Service:
Worldwide
Tender Region:
Tender Country:
Tender CPV:
66510000 : Insurance services
Tender Document Type:
Tender Notice
Tender Description:
Tenders are invited for Regulatory Impact Analysis Concerning Business Conduct of Insurance Companies in Indonesia Considering several concerns that arose as a result of several developments in insurance business practices; including the use of information technology in the company's business processes and developments in the types of products being marketed which have created new risks for the company and consumer protection issues; indicated by the fraud cases; high claim ratios on certain products; insurance company failure cases; and increased consumer complaints; it can be concluded that a review of the effectiveness of POJK 69/2016 concerning Insurance Company Business Conduct which has been in effect for 7 (seven) years needs to be carried out in encouraging sound business practices taking into account the latest developments in business practice. This review will be carried out in the form of a Regulatory Impact Analysis (RIA) on POJK 69/2016 to determine the effectiveness of implementing the regulation and the potential for strengthening the provisions. OJK’s NBFI Department currently has RIA Implementation Guidelines; but in terms of technical implementation; Technical Assistance from experts who have experience in implementing RIA; especially in the financial services sector; is urgently needed.
Tender Bidding Type:
Tender Document:
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The tender has been issued by INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT in Indonesia. Such a type of tender falls under Insurance services, within the Management Consultancy Tenders sector, and is listed on Tender Impulse under notice number 0002002307.
The notice was published on 16 Jun 2023 and submissions close on 19 Jun 2023. Late bids are rarely accepted in public procurement, so aim to have your documents ready several days before the closing date.
It is classified under CPV codes 66510000, which correspond to Insurance services. If your company supplies these products or services, these are the codes to save in your alert profile so no matching tender passes you by.
No - and this matters. Tender Impulse is a tender aggregation and alert service: we collect procurement notices from official sources around the world and list them in one place. We do not receive, forward or evaluate bids. Your bid for this tender must be submitted directly to INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, using the method described in the original tender document, before 19 Jun 2023. Tender Impulse provides complete assistance in submitting all bids posted on its website.
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The procurement is applicable to companies in the Insurance services and related industries. If you belong to this industry, you can review the technical documents before assessing your relevance to your company.
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