Shinhan EZ General Insurance has entered the Indonesian market through a strategic partnership with Tap Insure, a part of the PasarPolis insurtech ecosystem, to innovate in the local insurance landscape.

With a strong background in microinsurance from South Korea, Shinhan EZ aligns with Tap Insure’s digital prowess to tap into Indonesia’s growing digital insurance sector, starting with auto insurance.

ByoungKwan Kang, CEO of Shinhan EZ, is committed to leveraging this collaboration to introduce advanced insurance solutions and to contribute to market growth. The venture is especially timely given Indonesia’s low insurance penetration and significant growth potential.

The alliance is set to exchange expertise and explore the microinsurance domain, with an initial focus on an auto insurance product that promises to be a game-changer.

Shinhan EZ aims to integrate into PasarPolis’ tech-enabled insurance ecosystem, targeting Korean businesses in Indonesia and streamlining sales and claims processes.

Cleosent Randing of Tap Insure sees the partnership as a step toward making insurance more accessible in Indonesia. The collaboration unites PasarPolis’ digital-first approach and Tap Insure’s financial stability, with Shinhan EZ bringing technological innovation to the mix. Together, they aim to close the insurance gap and drive inclusivity in the Indonesian market.