• Newsletter
  • Contact
  • Press Releases
Saturday, June 7, 2025
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Login
  • Register
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
No Result
View All Result
Home News

Bags million in policy sales in Thailand, PasarPolis aims to penetrate Singapore’s market

PasarPolis anticipates a 50% compound annual growth rate (CAGR) over the next four years and plans to fully underwrite all products.

Syifa by Syifa
August 13, 2024
in News, Whats on
0
PasarPolis

PasarPolis' platform (image by PasarPolis' team)

Share on FacebookShare on Twitter

Heaptalk, Jakarta — AC Ventures-backed insurtech PasarPolis has achieved millions in policy sales following its expansion into Thailand and Vietnam in 2019.

Earlier this year, PasarPolis also  achieved a two-times revenue growth since its last funding round until 2023 while consistently maintaining positive gross margins. Gross Written Premium (GWP) surged by 250% in the fiscal year, showcasing significant growth for the company.

Besides offering insurance protection to users in Thailand and Vietnam, PasarPolis offers gadget and cracked-screen insurance through Shopee. While in Vietnam, the partnership has expanded to include comprehensive gadget insurance and product liability coverage, ensuring customers to easily safeguard their purchases.

World Ai Jakarta 2025
World Ai Jakarta 2025

Through this strategy, PasarPolis platform can expand into other major markets with minimal investment. Besides Shopee, PasarPolis partners with VFS Global—the world’s largest outsourcing and technology services specialist—in Indonesia and Thailand. Other key partners in the region include VNtrip, Sendo, and Chotot.

PasarPolis aims to expand regionally further, targeting a new market such as Singapore and consolidating its position as a dominant force in Southeast Asia’s insurance landscape. The company remains committed to continuous innovation, with plans to introduce new products and enhance existing offerings to fulfill market demands.

This insurtech anticipates a 50% compound annual growth rate (CAGR) over the next four years and plans to fully underwrite all products. Expanding beyond Indonesia into Southeast Asian markets like Vietnam and Thailand, PasarPolis solidifies its position as a regional leader in the insurance industry, focusing on profitability, sustainability, and innovation.

“Our entry into the Vietnamese and Thai markets has been a tremendous success, thanks to our strategic partnerships and efficient operations. We have proven that we can rapidly scale and provide valuable insurance solutions with the right ecosystem partners and a customer-first approach. We look forward to democratizing insurance across Southeast Asia.” VP of Corporate Finance and Regional Partnership at PasarPolis, Brendan Batanghari, affirmed.

Tags: PasarPolis

Related Posts

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

June 5, 2025
KL1 Phase 2 has been completed. Credit: Equinix

Equinix completes KL1 Phase 2 data center in Kuala Lumpur

June 2, 2025
Commemorating Professor Soemitro's 108th anniversary at Soemitro Center (05/29). Credit: Haris

Soemitro Center: A platform for Indonesia’s young economists

May 31, 2025
Lifree breathable adult diapers can help improve skin health. Credit: Haris

Unicharm research: Lifree improves quality of life for elderly

May 31, 2025
Xiaomi's premiumization strategy has yielded positive results in Q1 2025. Credit: Sinta

Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

May 31, 2025
Kaspersky appointed Defi Nofitra as first country manager for Indonesia. Credit: Kaspersky

Kaspersky appoints Defi Nofitra as first country manager for Indonesia

May 31, 2025
  • 32321

    New tech layoff chapter, Microsoft lays off thousands of its cloud unit ‘Azure’

    1 shares
    Share 0 Tweet 0
  • Nokia rolls out 6600 5G Ultra

    0 shares
    Share 0 Tweet 0
  • Performing a second layoff round, Morgan Stanley to reduce 3,000 workforces in Q2 2023

    1 shares
    Share 0 Tweet 0
  • TikTok Shop to reach a US$15 billion in its GMV transactions

    1 shares
    Share 0 Tweet 0
  • International Women’s Day – Opportunity for Businesses to Support Women in the Workplace

    0 shares
    Share 0 Tweet 0
the 10th world battery & energy industry expo 2025World Ai Jakarta 2025
Heaptalk business news logo

We Build an Ecosystem by Sharing Business News, Headlines and Expert Talks in Professional Perspective and Positive Point of View. Latest business news media headlines platform today.

Recent Posts

  • Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
  • Equinix completes KL1 Phase 2 data center in Kuala Lumpur
  • Soemitro Center: A platform for Indonesia’s young economists
  • Unicharm research: Lifree improves quality of life for elderly
  • Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

Follow Us

Facebook
Twitter
LinkedIn Youtube Instagram RSS

Newsletter

  • About Us
  • Editorial
  • Newsletter
  • Contact
  • Privacy Policy
  • Cyber Media Guidelines
  • Disclaimer
  • SOP Perlindungan Wartawan

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Technology
  • Industry
  • GovAct
  • Events
  • Whats on
  • Expert Talk
  • Insight
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com