21 July 2026 · Grha AAJI
Connecting New RBC, risk-bearing capacity and capital planning
The Asosiasi Asuransi Jiwa Indonesia convened the AAJI CFO x CRO Forum to prepare the life insurance industry for PSAK 117, New Risk Based Capital and related tax developments. Ibu Meylindawati Tjoa, Director and CFO of Manulife Indonesia and Chair of AAJI’s Finance, Capital, Investment and Tax Division, opened the forum. Bapak Iwan Pasila, OJK Deputy Commissioner for Insurance, Guarantee and Pension Fund Supervision, connected New RBC with industry resilience and policyholder protection. Bapak Kurnia Yuniakhir, OJK Deputy Director of General Insurance and Reinsurance Supervision 2, presented the proposed framework and implementation roadmap.
Representing the AAJI CRO Working Group, Adrianus Darmawan co-moderated the New RBC session with Ibu Maria Elvida Rita Dewi, Director responsible for Finance at Chubb Life Indonesia, Head of AAJI’s Finance and Capital Department and Chair of the AAJI CFO Forum. The session placed capital adequacy within a broader enterprise risk discussion. New RBC is not only a different calculation or reporting template. It changes how available capital, risk charges and future solvency are considered together.
The implementation path discussed at the forum covered the targeted regulation and reporting format, a parallel run, gap and financial impact analyses, continued testing and the move toward effective New RBC reporting in 2027. For insurers, this means understanding not only the reported ratio, but also which risks consume capital, how assumptions change the result and what management actions remain available under different conditions. This is the connection between New RBC and the wider risk and capital agenda.
Why CFO and CRO perspectives need to meet
Finance and Risk approach solvency from different but connected positions. Finance sees financial reporting, earnings, capital resources and business planning. Risk sees exposure, stress, uncertainty, risk appetite and the conditions under which the plan remains credible. New RBC makes the intersection more visible. Strategic and business decisions must account for risk-bearing capacity and be supported by capital planning that can sustain solvency over a multi-year horizon.
The discussion also considered how Own Risk and Solvency Assessment can build on the existing Risk Profile and business planning process rather than create a separate reporting track. The practical objective is alignment: one view of material risks, one forward-looking solvency narrative and clearer links between assumptions, stress outcomes, management actions and capital consequences. This reflects the broader approach on strategy and governance, where information becomes useful when it supports an actual decision.
Adrianus Darmawan’s contribution focused on that connection between risk insight and capital decisions. The original forum reflection is available in the LinkedIn post. Related perspectives can also be found in his point of view and the broader public mentions index.