PolicyStreet is a technology company.
PolicyStreet has raised $8.5M across 3 funding rounds.
PolicyStreet has raised $8.5M in total across 3 funding rounds.
PolicyStreet is a Malaysia-based full-stack insurtech platform that provides innovative digital insurance solutions tailored to Southeast Asia's underserved and underinsured populations. It serves both businesses and consumers by offering embedded insurance products, customized employee benefits, financial advisory, and insurance aggregation through digital channels. The company integrates insurance seamlessly into everyday platforms such as mobility, e-commerce, fintech, and gig economy services, making insurance more accessible and relevant. PolicyStreet operates its own licensed reinsurance entity, combining underwriting expertise with agile technology-driven distribution, serving over 5 million customers with more than US$10 billion in sum insured[1][3][4].
Founded in 2016 by Yen Ming Lee (CEO), Winnie Chua (Chief Product Officer), and Wilson Beh (Chief Operating Officer), PolicyStreet emerged from a vision to transform insurance accessibility in Southeast Asia. The founders leveraged their expertise to build a digital-first insurance platform addressing the region’s significant underinsurance gap. Early traction included strategic partnerships with over 40 insurance providers and regulatory approvals in Malaysia and other jurisdictions, enabling rapid growth and recognition as a leading insurtech innovator. The company’s evolution included expanding its licensed operations to reinsurance and takaful (Islamic insurance), reflecting its commitment to diverse market needs[1][3][4].
PolicyStreet rides the global insurtech trend of digitizing and democratizing insurance access, particularly in emerging markets with large underinsured populations. The timing is critical as Southeast Asia experiences rapid digital adoption, growing middle classes, and increasing demand for financial protection. Market forces such as regulatory support for fintech innovation, rising gig economy participation, and consumer preference for digital services favor PolicyStreet’s model. By embedding insurance into daily digital experiences, PolicyStreet is reshaping how insurance is perceived and purchased, influencing the broader ecosystem toward more inclusive, tech-enabled financial services[1][3].
Looking ahead, PolicyStreet is poised to deepen its market penetration across Southeast Asia by expanding embedded insurance partnerships and enhancing its digital platforms with AI and data analytics. Trends such as increased mobile internet usage, regulatory openness to insurtech, and growing consumer awareness of insurance benefits will shape its trajectory. The company’s influence is likely to grow as it continues to innovate in product offerings and distribution models, potentially setting new standards for insurance accessibility and customer experience in the region. PolicyStreet’s full-stack approach and regional focus position it well to capitalize on the evolving insurtech landscape and drive financial inclusion[1][3][4].
PolicyStreet has raised $8.5M in total across 3 funding rounds.
PolicyStreet's investors include Auspac Investment Management, KK Fund.
PolicyStreet has raised $8.5M across 3 funding rounds. Most recently, it raised $6.0M Series A in September 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $6.0M Series A | Auspac Investment Management, KK Fund | |
| May 1, 2020 | $2.0M Series A | KK Fund | |
| Sep 1, 2017 | $500K Seed | KK Fund |