This factsheet highlights a range of regulatory and market access issues that European (re)insurance companies encounter in Indonesia. Indonesia represents a significant market for European (re)insurers, yet existing barriers limit their ability to do business in a competitive way and to their full potential.

Insurance Europe strongly believes that the removal of trade barriers, together with addressing unjustified, often discriminatory, regulatory provisions affecting European (re)insurers would help enhance trading relationships and support business in third countries.

In addition, European (re)insurers have growing concerns over the developments relating to data flows observed in recent months. Such developments often ignore (re)insurers’ business model, for which access to data is key. Equally important is further progress in determining third countries’ equivalence under Solvency II, which would support European (re)insurers’ competitiveness in other jurisdictions.

Against this background, Insurance Europe supports effective and comprehensive dialogue on trade and regulatory matters between stakeholders at all levels.