1. Startups

Business strategy PasarPolis Via Tap Insure and Agency Services

In-depth discussion with the President PasarPolis Peter van Zyl about business strategy to the process of raising investment funds

The Financial Services Authority (OJK) recently explained that the level of insurance penetration in Indonesia is currently only recorded at 2,75% of the total population of Indonesia, lower than neighboring countries in Southeast Asia. Meanwhile, the level of insurance density is also still at a low level, recorded at the end of last year at IDR 1,92 million per resident.

Responding to the data above, this does not mean that this is a bad problem. From a business perspective, this is a good problem because the room for improvement is still wide open. This is the perspective taken by Tap Insure (PT Asuransi For All), a general insurance company which is part of the Pasar Polis Group to take advantage of opportunities in Indonesia.

PasarPolis The Group now oversees three entities: PT PasarPolis Insurance Broker, PT PasarPolis Indonesia, and PT Asuransi For All (Tap Insure). Tap Insures became a new part of the group as digital general insurance after obtaining business license approval from the OJK on November 17 2022.

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