The investment comes from CyberAgent Capital, Arthazen Capital, and Gametraco Tunggal, as well as existing investors.
Rey plans to use the funds to further develop AI tools for claims processing and underwriting. CEO Evan Tanotogono believes that these tools are essential for ensuring the sustainability of health insurance in Indonesia.
Rey was founded in 2021 by Evan Tanotogono, former head of digital channel at Sequis, one of Indonesia’s largest insurers, and Bobby Siagian, who held lead engineering roles at companies including Tokopedia and Sea Group. They are joined by insurance industry veteran David Nugrho as their chief business officer.
The insurtech offers health memberships that include outpatient and inpatient care, along with wellness programs. This digital platform aims to transform health insurance through its services, which to date, have reached over 50,000 people and more than 100 organisations.
The startup’s claim loss ratio is significantly lower than the industry average, indicating its efficiency in managing claims. Rey’s platform offers health memberships that include outpatient and inpatient care, along with wellness programs.
