PasarPolis expands to Thailand, Vietnam

Insuretech start-up PasarPolis is expanding to Thailand and Vietnam this year as part of its growth strategy, the company said in a statement.

Founder and CEO Cleosent Randing said the company will focus on consumer-facing businesses in ecommerce, tourism, ride-hailing, online food delivery, and courier services.

It will offer travel insurance to tour operators, motor insurance to ride-hailing firms, courier services, and food delivery businesses, as well as insurance for damaged products and missing items to ecommerce companies.

Last year, Indonesian unicorns Gojek, Tokopedia, and Traveloka invested an undisclosed amount in PasarPolis in its series A funding round.