Indonesia’s PasarPolis is now able to underwrite its own products, making it one of Indonesia’s first full-stack insurtechs. This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies.
PasarPolis is able to underwrite insurance products because of its strategic partnership with Tap Insurance. Tap Insurance received a full license for insurance underwriting from OJK (Otoritas Jasa Keuangan, or the Financial Services Authority of Indonesia).
Cleosent Randing, the founder and CEO of PasarPolis, told TechCrunch that the first products from the strategic partnership will include fire and vehicle insurance.
Founded in 2015, PasarPolis has raised over $59 million in total to date and is backed by investors like Gojek, Tokopedia, …
