Allianz X, the digital investment unit of the Allianz Group, has invested $35m in GO-JEK, an Indonesian ride hailing platform that also offers consumer on-demand and payment services.

This is Allianz X’s first investment in a Southeast Asian-headquartered company and fourth transaction in 2018. Allianz becomes GO-JEK’s sole international insurance shareholder.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Allianz Indonesia and GO-JEK started a strategic partnership two years ago, whereby Allianz Indonesia provided health insurance services to GO-JEK drivers.

In 2017, this offering was expanded to allow GO-JEK drivers to purchase health insurance for their families. The GO-JEK investment will increase access to insurance products and services for GO-JEK’s customers.

Nazim Cetin, CEO of Allianz X, said: “Allianz X’s strategic investment in GO-JEK underscores Allianz Group’s Renewal Agenda and our commitment to digital growth businesses, particularly in emerging markets.”

Headquartered in Jakarta, GO-JEK initially started as a ride-hailing app and evolved

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

into an on-demand mobile platform that provides a wide range of services including

transportation, logistics, e-payments, and food delivery, among others.

“Allianz X’s decision to invest in GO-JEK is a testament of the Group’s strategic direction to support digital ventures,” said Joos Louwerier, president director of Allianz Life Indonesia.