Fuse achieved more than US$ 200 million of GWP and 150 million policies for 2022
During the Grand New Office Opening event on 17th March, 2023, insurtech company Fuse announced more than 150 million policies, with GWP exceeding USD 200 million (IDR 3 trillion) being achieved in 2022. In terms of GWP and policies, it represents more than 200% and 360% growth when compared to 2021.
How Fuse advances Indonesia’s insurance literacy by leveraging the digital ecosystem
Although many insurance firms exist in Indonesia, and efforts to increase insurance access and literacy have been on the rise, the penetration is still shallow. This became the underline for Andy Yeung to bring technology to transform the insurance sector.
Fuse insurtech achieved 2021 target by closing more than US$ 105 million in terms of GWP
Insurtech company Fuse announced an impressive 2021 performance with Gross Written Premium (GWP) of policies utilizing the Fuse platform exceeding US$ 105 million. This represents more than 2% of the market share in terms of the general insurance market. Despite the challenging situation due to the Covid-19 pandemic, Fuse still managed to double its market share and improving the quality of its platform and services.
Kumpulan Startup Fintech yang Membuat Sektor Keuangan Menjadi Lebih Mudah Diakses
East Ventures telah berinvestasi di sektor keuangan atau financial technology sejak tahun 2014, dan telah exit dari tiga startup pada tahun 2018.
13 Fintech Startups Who Wants to Make Financial Sector More Accessible, Funded by East Ventures
East Ventures have invested in financial technology or fintech sector since 2014, and have exited three companies by 2018.