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
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
