EP 27 – Cleosent Randing – Founder & CEO at PasarPolis – Democratization of Insurance


Michael Waitze has been podcasting with some of the best investors and business builders globally and discussing all things startup with them from an Asian perspective. Michael worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley, and Goldman Sachs, primarily in Tokyo. Michael always maintained a particular focus on how technology could be used successfully to make businesses more efficient and to drive P/L growth. Michael is quite skilled at connecting people and capital to innovative ideas and is a trusted advisor to both investors and founders. Michael is a leader in the digital media space, having pioneered the concept of a podcast network in Asia while building the biggest and fastest-growing listener base in the region. His flagship website, AsiaTechPodcast.com, has listeners in over 100 countries and is available on virtually every podcast player that supports RSS feeds.

In this episode, Michael Waitze spoke with Cleosent Randing, the founder and CEO of PasarPolis. PasarPolis is a tech platform that provides solutions for their partner companies including Go-Jek, Traveloka and Tokopedia. Cleosent studied at the Simon Fraser University in Vancouver. His first job was in digital performance before starting PasarPolis because he saw a huge potential market in South East Asia.

Cleosent discusses the democratization of insurance and the large target market he predicts. In Indonesia, only a very small percentage of the population is insured. With PAsarPolis he achieved to insure around 25% of all Go-Jek. Together with his partners, PasarPolis works on building tailor-made, contextual products that are relevant to the client. One of their products is flight insurance that covers costs within a few seconds after a delay. 

He touches on PasarPolis’ expansion to Thailand and Vietnam together with his partners to help them deliver the perfect product that their customers need. Looking at the ASEAN region he sees the need for innovative InsurTech companies. For the future he wishes that more companies with usable products emerge.

Other companies mentioned in this episode:

Dentsu Aegis Network, Citilink, Sendo, and Atadi

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