Indonesian insurtech firm Qoala's losses doubled despite higher revenues in 2022

Indonesian insurtech firm Qoala's losses doubled despite higher revenues in 2022

Qoala CEO Harshet Lunani (left) and COO Tommy Martin.

Indonesian insurtech platform Qoala’s losses more than doubled due to higher costs, even as it reported a significantly higher revenue for the financial year ended Dec 31, 2022, according to a regulatory filing by its Singapore-registered parent company.

Edited by: Joymitra Rai