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
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore releases Economic Strategy Review Final Report, with more detailed proposals
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
