JER
Vol. 5 No. 1 (2022): March-October

The Role of the Financial Services Authority in Supervision of Fraud Prevention in Life Insurance Companies in Indonesia

Iwan Adinugroho (Universitas Muhammadiyah Mamuju)
Rusdiaman Rauf (Sekolah Tinggi Ilmu Ekonomi Tri Dharma Nusantara Makassar)
Nyamin Sucipto (Sekolah Tinggi Ilmu Ekonomi Tri Dharma Nusantara Makassar)



Article Info

Publish Date
31 Mar 2022

Abstract

This study aims to provide a monitoring strategy, especially in the field of preventing fraud in life insurance companies in Indonesia. The form of this research is qualitative and follows a normative approach by reviewing the duties, objectives, and authorities of the Financial Services Authority to prevent fraud in life insurance companies. The object of this research is a life insurance company that has been declared bankrupt by the Financial Services Authority, namely PT. Bumi Asih Jaya Life Insurance. The results of this study provide an overview of fraud prevention strategies at life insurance companies in the form of emphasis on supervision through the audit function, especially in the field of direct examination of reports made by life insurance companies and then matched with documents owned by insurance. Supervision must be carried out regularly and consistently.

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Journal Info
JER

Abbrev

JER

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Economic Resource_(JER) is open access. This journal is published in _ March & September. Journal of Economic Resources|e-ISSN 2620-6196] is a peer-reviewed journal published twice a year (March & September) by the Faculty of Economics and Business, Universitas Muslim Indonesia_UMI. Journal ...