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


Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 170 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

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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