Indonesia’s unicorns Go-Jek, Traveloka and Tokopedia are in advanced discussions to invest in insurance tech (insurtech) startup PasarPolis, according to three people aware of the development.
PasarPolis claims to be one of the first online portals in Indonesia to provide varying insurance options covering health, vehicle, accident, property, travel and life. It allows users to compare, select and buy insurance policies offered by around 30 leading insurers, including AXA, AXA Mandiri, Lippo Insurance and Zurich. In addition, it has partnered with government-backed workers’ insurer BPJS Ketenagakerjaan to allow workers to register for the programme. Go-Jek offers its drivers insurance in partnership with PasarPolis.