Indonesian insurtech Qoala survives pandemic with new partners and products

Qoala co-founders Tommy Martin (L) and Harshet Lunani © Qoala

Acquisition of Thai insurtech FairDee to spearhead expansion into Southeast Asia, building on earlier entry into Malaysia and Vietnam and a Covid-19 travel insurance product at home

Undaunted by a temporary slump in insurance sales caused by the Covid-19 pandemic, Indonesian insurtech Qoala is expanding into Thailand and forging new partnerships to expand across Southeast Asia. Last month, Qoala acquired FairDee, a Thai insurtech startup founded in 2019.
Qoala CEO and co-founder Harshet Lunani told CompassList in a recent interview that the two companies were able to find good synergies due to similarities in business models and technologies. For example, both FairDee and Qoala operate platforms that allow users of their apps to act as agents for their insura...
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