Advanced Collaboration! Seleris & IDPay Bring National AI Innovation

PT Seleris Meditekno Internasional (Seleris) and IDPay Asia Jaya (IDPay) have officially established an exclusive partnership to integrate the Seleris Credit platform across thousands of EDC devices throughout Indonesia. This collaboration allows the credit life insurance underwriting process to be conducted digitally, in real-time, and accurately using artificial intelligence. The credit life insurance industry currently faces a surge in claim ratios due to suboptimal risk selection processes. With Seleris AI technology, customer risks can be analyzed instantly, predictively, and standardized, thereby improving underwriting quality and reducing unnecessary claims. The platform has also been recognized by global reinsurance companies with a minimum AM Best and S&P rating of A, ensuring international standards in the risk selection process. Furthermore, the integration of Seleris Care into IDPay Digital Kiosks adds digital healthcare services, creating a comprehensive insurtech ecosystem. "We believe this technology will set a new industry standard, helping banks and financial institutions improve credit portfolio quality while providing better insurance protection for customers," said Rinaldi Anwar Buyung, Founder of Seleris. IDPay provides EDC devices and digital kiosks complete with installation and maintenance, ensuring Seleris technology is easily accessible throughout Indonesia. The entire system also complies with personal data protection regulations to ensure customer security. Analysts view this move as a breakthrough that can lower claim ratios, make premiums more affordable, and guarantee the sustainability of credit life insurance products in Indonesia.