Indonesia’s PasarPolis aims to democratise insurance
Add BT as a preferred source
[JAKARTA] With Indonesia’s micro-lending industry seeing fast-paced growth in recent years, fintech companies from around the world have been flocking to Indonesia in a bid to tap the vast unbanked market.
Specifically, it is micro-insurance that is seen as the next big growth sector within Indonesia’s rapidly expanding fintech sector, with micro-policies ranging from as little as US$1 per transaction that have flooded the market on the back of the boom in e-commerce.
Cleosent Randing, the founder and chief executive officer of Indonesian insurance startup PasarPolis, reckons that the next big growth sector after fintech will be digital insurance.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Germany, Spain push back on European plan to ban Huawei gear
