Pt. Asuransi Parolamas
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Acquisition | ||
$163m Valuation: $163m | Acquisition | ||
Total Funding | - |
Recent News about Pt. Asuransi Parolamas
EditAsuransi Parolamas is an Indonesian national Insurance company experienced in managing and transferring client's risks, since 1964.
A well-established national insurance corporation for more than 56 years serving State-owned enterprises and private entities. Our presence in Indonesia has been represented with a large network of 30 branches and 12 representatives across Indonesian provinces. And we continue to receive excellent awards from various media attributable to our performances.
Our experienced underwriting team, support our partner and client businesses with products covering energy risks, transportation and other commercial risks, such as, Marine Cargo, Engineering, and Liability insurance and Surety Bond supporting the governments infrastructure development across the Indonesian archipelago.
In 2015, the company entered into a joint venture with Insurance Australia Group (IAG) and set about transforming the company to service retail customers including the development of one of Indonesia’s first digital insurance platforms with the creation of our retail digital brand “Simplr”.
As of 2019, Parolamas became a part of the Tokio Marine Group after it acquired IAG’s majority share of the business. With the support of Tokio Marine and as part of a larger multi-national insurer we will continue to provide the best services in terms of protection and security for our customers whilst continuing our work to be a leading innovative insurance company.