1. Startups

OLX and Futuready Make it Easy for Car Buyers to Get Insurance

Can be applied directly through the classifieds platform

OLX Indonesia cooperates with Futuready Insurance Broker to make it easier for buyers to get insurance for their motorbikes. Users can choose a car insurance product that suits the car they are going to buy, either Total Lost Only (TLO) or Comprehensive (All Risk).

For information Futuready Insurance Broker is an online insurance broker in Indonesia that is under supervision and has held an official license from the Financial Services Authority (OJK) with license number No.KEP-518/NB-1.2015 since June 18, 2015.

An insurance broker is an insurance intermediary or distribution channel that is recognized by the Insurance Law number 40 of 2014 which allows brokers to be unique in acting for and on behalf of customers. Thus, brokers carry out their duties to help customers freely determine the choice of the best insurance products objectively and transparently.

Sendy Filemon, CEO and President Director of Futuready Insurance Broker, said, “So far, the benefits of brokers have been enjoyed by customers corporate, namely companies that require very large value insurance such as buildings, ships, or fleets of vehicles. Futuready's innovation brings brokerage benefits to retail customers by providing variety, freedom of choice, transparency and objectivity for products such as travel, vehicle, health insurance, and others."

Chief Marketing Officer OLX Indonesia's Edward Kilian in his press release welcomed this collaboration with Futuready. He assessed that this collaboration could indirectly educate the public that used cars need insurance protection.

“Every day, there are hundreds of thousands of people looking for motorized vehicles, especially cars, through the OLX platform. The existence of Futuready in this collaboration, indirectly educates the public that used cars need insurance protection. OLX is proud to be a part of this partnership,” said Edward.

In line with what Edward said, OLX Indonesia's Head of Commercial, Agung Iskandar, stated that there are similarities value which underlies this collaboration. Both of them want to make it easy for users in terms of getting insurance protection for the car they are going to buy.

"It is hoped that through this collaboration, more people, especially OLX users, will benefit from insurance protection for their cars. We are very happy if our users can get a used car that is well protected,” concluded Agung.

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