Jakarta: President Joko ‘Jokowi’ Widodo was asked to focus on handling cases involving PT Asuransi Jiwasraya (Persero). In fact, Jokowi was advised to form an insurance special task force (Satgasus).
Executive Director of the People's Democracy Study (SDR) Hari Purwanto said the presence of the president was very important considering the handling of this case would run across sectors and was directly related to national economic resilience. The task force could be led by the vice president because his job would be to coordinate the functions of the three coordinating ministers.
The three Coordinating Ministers focused on the technical ministries, the Ministry of Finance, the Ministry of Foreign Affairs, the Ministry of BUMN, BPKP, the National Police Chief, and the Attorney General.
"Task Force members can consist of government, professional and customer representatives. After this task force is formed, all information will come out of one door," Hari said through his written statement on Monday, January 20, 2020.
He said the Insurance Task Force was tasked with mitigating the potential financial crisis from the existing insurance scandal. Technically its task is divided into three main functions, namely auditing all state-owned insurance companies, monitoring the legal process, and political issues.
With this task force, according to him, legal, political and business handling can be harmonized and not overlapping. On the other hand, he said, customers will feel more protected.
"Most importantly, public confidence in the insurance industry can be immediately restored so that it is hoped that the potential for the financial crisis that will lead to an economic crisis can be avoided," he said.
Currently there are three insurance companies that are suspected of having problems, namely Jiwasraya, ASABRI, and Bumiputera. All three are linked to customers in the millions with a potential total loss of tens of trillions of rupiah.
He also commented on the statement of the Special Staff of SOE Minister Arya Sinulingga about the plan to return Jiwasraya customers' money. He doubted the origin of the money that would be used to pay the Jiwasraya customers.
Hari was worried that there would be a massive use of state money to quell the case. He also asked the Ministry of SOEs to focus on efforts to restructure and replace customer funds.
"Do not let it happen like the Century Bank case. State money is used carelessly and in panic, as a result the state's money disappears, the problem is not finished," he said.
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