IFC invests 5 million USD in PasarPolis

The International Finance Corporation (IFC), a member of the World Bank, has invested 5 million USD in PasarPolis, an assurtech based in Indonesia.

This contribution will allow PasarPolis to develop microinsurance products and to participate in the popularization of insurance in a country with a population of nearly 270 million people.

The insurance penetration rate in Indonesia is less than 2%.