PT FWD Insurance Indonesia ("FWD Insurance"), a joint-venture insurance company and a part of FWD Group, previously known as PT Commonwealth Life, has successfully merged with PT FWD Life Indonesia ("FWD Life") as of 1 December 2020 and will be known as FWD Insurance.
The merger of FWD Life and FWD Insurance has led to a more comprehensive range of products, including unit-linked insurance, individual & group term life insurance, individual & group personal accident insurance, and group medical insurance through technology driven-distributions such as agency, bancassurance, e-commerce, and corporate.
FWD Insurance is registered and supervised under Otoritas Jasa Keuangan ("OJK").
FWD Insurance is a member of Indonesia Financial Services Alternative Dispute Resolution Center.
To ensure the compliance of business unit with the requirement of the law, industry codes and standards to minimize Compliance Risk, Legal Risk as well as Reputation Risk through ongoing monitoring and compliance awareness and culture development.
Compliance Manager will responsible to ensure the compliance of business unit with the requirement of the law, industry codes and standards to minimize Compliance Risk, Legal Risk as well as Reputation Risk through ongoing monitoring and compliance awareness and culture development.
This person accountable for:
- Identify related regulation to ensure Company's compliance on regulatory requirement by preparing gap analysis, conduct monitoring on the implementation of the regulation and conduct annual compliance risk assessment.
- Provide advice and solution from compliance perspective for all department including review on any company's project and initiative.
- Manage and comply with group compliance requirement to align with business goals.
- Establish Compliance culture & awareness through training, policy & guideline development.
- Compliance report for regulator, management, and related parties to fulfill regulatory requirement and group requirement.
- Maintain correspondence with related party i.e : regulator and others.
