Asuransi Parolamas

General Information
Company Name
Asuransi Parolamas
Founded Year
1964
Location (Offices)
Indonesia +1
Founders / Decision Makers
Number of Employees
80
Industries
Financial Services, Insurance
Funding Stage
-
Social Media

Asuransi Parolamas - Company Profile

Pt. Asuransi Parolamas is a well-established Indonesian national insurance company that has been in operation since 1964. The company has a strong presence in Indonesia, with a network of 30 branches and 12 representatives across the country. It has a track record of serving state-owned enterprises and private entities, and has received numerous awards for its performance. Asuransi Parolamas specializes in managing and transferring clients' risks, offering a range of products covering energy, transportation, and other commercial risks, including Marine Cargo, Engineering, and Liability insurance, as well as Surety Bond to support infrastructure development in Indonesia. In 2015, the company entered into a joint venture with Insurance Australia Group (IAG) and focused on transforming its services to cater to retail customers. This transformation included the development of "Simplr", one of Indonesia's first digital insurance platforms. Subsequently, in 2019, Parolamas became a part of the Tokio Marine Group following Tokio Marine's acquisition of IAG's majority share in the business. This move positioned Parolamas as part of a larger multinational insurer, enabling it to enhance its services and innovation in the insurance industry. Overall, Pt. Asuransi Parolamas stands as a longstanding player in the Indonesian insurance market, with a strong focus on innovation and service excellence, bolstered by its partnerships and accolades.

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