The insurance industry and pension funds have a very important role as a catalyst and safety net in economic development. However, the contribution of these two industries is still less than optimal when compared to their full potential. Strong risk management and better governance are the main requirements for creating greater business potential so that it can contribute to Indonesia's financial deepening. The introduction and implementation of the Law on Development and Strengthening the Financial Sector (UU P2SK) is seen as an important prerequisite for facilitating the role of regulations to boost further industrial development and create greater potential by providing products that are acceptable to the public.
