PasarPolis reports 2x growth surge
On FRIDAY, 29 MARCH 2024 – PasarPolis, a leading Insurtech company in Southeast Asia, announces significant growth and expansion plans following impressive financial performance.
The company reports a 2x revenue growth, maintaining a positive gross margin since inception. Record growth is marked by a 250% increase in Gross Written Premium (GWP).
Despite intense competition, the company experienced faster growth compared to its peers. With a focus on sustainability and market expansion, PasarPolis is poised for profitability in the near future.
Highlights on PasarPolis
· The company reports impressive financial performance with a 2x revenue growth since its last funding round until 2023, maintaining positive gross margins consistently.
· GWP surged by 250% in the fiscal year, showcasing significant growth for the company.
· Founder Cleosent Randing emphasizes PasarPolis’ commitment to innovation, sustainability, and customer-centric solutions, driving its success.
· It anticipates a 50% compound annual growth rate (CAGR) over the next four years and plans to fully underwrite all products within this period.
· Expanding beyond Indonesia into Southeast Asian markets like Vietnam and Thailand, it solidifies its position as a regional leader in the Insurtech industry, focusing on profitability, sustainability, and innovation.
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