JAKARTA – PT Asuransi Digital Bersama Tbk (YOII) officially listed its shares on the Indonesia Stock Exchange (IDX) on Wednesday (8/1), with its shares hitting the Upper Auto Reject (ARA) limit in early trading.

YOII offered 412,087,500 shares through its Initial Public Offering (IPO) at Rp100 per share, raising a total of Rp41.2 billion. At the opening of trading, the stock price surged to Rp129 per share, marking a 29% increase.

YOII President Director, Adi Wibowo Adisaputro, stated that the IPO is an important step in transforming the company into a leading player in the digital insurance sector. One of the company’s key innovations is the development of an "insurance wallet."

The insurance wallet is a digital application designed to help users manage all their insurance needs on a single integrated platform.

The platform features four main functions: digital policy storage, which allows users to securely access and store all their insurance policies; claims management, which speeds up the claims process with real-time tracking; automatic premium payments, with integrated reminder systems; and AI-driven insurance product recommendations tailored to users' needs.

“With these features, we aim to make insurance services more accessible. This is a tangible step toward making insurance more inclusive and efficient,” Adi further explained.

As part of the IPO fund allocation, around 20% will be used for the development of the insurance wallet application. This includes upgrading technology infrastructure, such as data centres, system security, and enhancing human resources in the field of information technology. (DK)