PolicyStreet is a full-stack insurtech company that offers digital and customised insurance solutions to consumers and businesses.
PolicyStreet is committed to empowering underinsured businesses and consumers by providing accessible insurance solutions.
PolicyStreet was founded in 2017 by Winnie Chua, Yen Ming Lee, and Wilson Beh. The company is based in Kuala Lumpur, Malaysia.
PolicyStreet works directly with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful & simple for businesses and consumers.
PolicyStreet focuses on offering a transparent pricing process to make it easy for you to choose. PolicyStreet secured Financial Adviser and Islamic Financial Adviser licences from Bank Negara Malaysia (BNM) in 2019. It has also obtained the Reinsurer and General Insurer licences from the Labuan Financial Services Authority (LFSA) in 2021.
Policystreet has served a cumulative 5M customers and achieved a sum insured of over US$6Bn (RM27.7 billion) in Malaysia. Over half a million of these have been B40 gig workers with 50,000 small-medium enterprises (SMEs) as well.
PolicyStreet is backed by Khazanah Nasional Bhd, Altara Ventures, Gobi Partners, Spiral Ventures, KK Fund, Auspac Investment Management, and others. The company raised $15.3M (RM67M) in a Series B round on Jun 06, 2023. This brings PolicyStreet's total funding to $24.9M to date.