PolicyStreet
PolicyStreet is a Malaysian insurtech operating an embedded insurance platform that integrates coverage into digital platforms across mobility, delivery, e-commerce, telecom, travel, and financial services, serving over 10 million customers and over US$10 billion in total sum insured across Southeast Asia.
- Company typePrivate
- Founded2017
- HeadquartersKuala Lumpur, Malaysia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What PolicyStreet does
PolicyStreet is a Malaysian insurtech company operating an embedded insurance platform that integrates coverage into digital platforms at the point of need rather than selling insurance through traditional agent channels. The platform serves over 10 million customers across mobility, delivery, e-commerce, telecommunications, travel, and financial services ecosystems in Southeast Asia, with total sum insured exceeding US$10 billion. Its core technology is a distribution and underwriting infrastructure that enables partner platforms to offer insurance products without building their own insurance capabilities, with particular focus on underserved segments including gig workers and small and medium enterprises. The company generates revenue through embedded insurance premiums, transaction fees, revenue-sharing commissions from B2B platform partnerships, and reinsurance operations supported by an 'a+' RAM Rating corporate assessment on its Labuan entity. PolicyStreet monetizes across multiple partner categories rather than direct-to-consumer, and as of FY2025 reported net revenue growth of more than 2.5x year on year alongside over US$1 million in net profit, its first full year of profitability.
PolicyStreet was founded in 2016 in Kuala Lumpur and has raised over US$43 million across seven funding events from 2016 through April 2026, including a US$21 million Series C led by Japan's Cool Japan Fund with participation from Altara Ventures and Gobi Partners. Earlier rounds included a US$15.3 million Series B led by Malaysian sovereign wealth fund Khazanah Nasional Berhad and a US$6 million Series A led by Altara Ventures, Auspac Investment Management, and Gobi Partners. The company is applying for Malaysia's Digital Insurers and Takaful Operators (DITO) license and was recognized in the FT-Statista High-Growth Companies Asia-Pacific 2026 ranking on the strength of 1311% revenue growth between 2021 and 2024.
PolicyStreet firmographics
Firmographics- Name
- PolicyStreet
- Legal name
- PolicyStreet
- Website
- https://policystreet.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- PolicyStreet is a Malaysian insurtech operating an embedded insurance platform that integrates coverage into digital platforms across mobility, delivery, e-commerce, telecom, travel, and financial services, serving over 10 million customers and over US$10 billion in total sum insured across Southeast Asia.
- Ownership category
- akta.pro rank
PolicyStreet industry classification
Industry- Product category
- Embedded Insurance Platform
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industries
- Trip Cancellation/Interruption & Refund Protection Platforms (THALALAB), Underwriting, Pricing & Policy Administration (PAS) for Travel Insurance (THALALAK)
Keywords
Where PolicyStreet is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
PolicyStreet business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Embedded Insurance Premiums: Revenue generated through embedded insurance partnerships where PolicyStreet integrates coverage into partner platforms. Net revenue grew more than 2.5x year on year in 2025, with the company achieving profitability.
- B2B Platform Partnerships: Revenue sharing or commission structures from embedding insurance products into partner ecosystems including telecommunications, travel, e-commerce, and financial services platforms
- Reinsurance Operations: Reinsurance operations contributing to business traction and profitability, supported by RAM Rating's 'a+' corporate assessment rating
Go-to-market motion3 records
Distribution channels4 records
Marketing channels3 records
PolicyStreet product offering
Product offeringCore offering
PolicyStreet operates an embedded insurance platform that integrates protection directly into digital platforms at the point of need, serving mobility, delivery, e-commerce, and financial services ecosystems. The platform reaches over 10 million customers across Malaysia and Southeast Asia, offering coverage for underserved segments including gig workers and SMEs through partnerships with telecommunications providers, travel marketplaces, and digital economy platforms.
Product overview
PolicyStreet operates as a unified embedded insurance platform that enables digital platforms to offer insurance products to their customers at the point of need. The platform serves over 10 million customers across mobility, delivery, e-commerce, and financial services ecosystems, with total sum insured exceeding US$10 billion. The company focuses on underserved segments including gig workers and SMEs, offering embedded coverage through partnerships with telecommunications providers, travel experience marketplaces, and digital economy platforms. While no discrete named product modules are explicitly listed in available sources, the platform's core value proposition centers on seamless insurance integration into digital platforms rather than traditional lengthy application processes.
Differentiator
Problem solved
Functional benefit
Products and services
- PolicyStreet Embedded Insurance Platform An embedded insurance platform that integrates protection directly into digital platforms at the point of need, serving mobility, delivery, e-commerce, and financial services ecosystems across Malaysia and Southeast Asia. The platform reaches over 10 million customers with more than US$10 billion in total sum insured.
Quantifiable outcome
- Doubled customer base from 5 million to over 10 million customers since 2023
- +5 more outcomes
Companies that use PolicyStreet
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles2 records
PolicyStreet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
PolicyStreet partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Telecommunications ProviderscoreEmbedded insurance partnerships with telecom providers distributing coverage to subscribers across Malaysia and Southeast Asian markets.
- Travel Experience MarketplacescorePartnerships with travel platforms embedding insurance products at point of booking for trip protection coverage.
- Digital Economy PlatformscoreEmbedded insurance partnerships with digital platforms in the gig economy, providing coverage for workers and platform users.
Scale indicators8 records
Recent moves3 records
Expansion highlights5 records
PolicyStreet competitors and assessment
Company assessmentDirect peers
- bolttech: Singapore-headquartered insurtech building a global embedded insurance exchange; the most direct Asia-Pacific competitor to PolicyStreet with comparable B2B2C distribution across telecom, retail and digital ecosystems.
- Igloo (formerly Axinan): Singapore-based insurtech providing embedded insurance APIs for digital platforms across Southeast Asia, closely overlapping with PolicyStreet's embedded distribution model and target segments.
- Cover Genius: Global embedded insurance platform for e-commerce, travel and retail; competes for the same platform partners and offers comparable technology-led distribution for protection products.
Regional players
- PasarPolis: Indonesia-focused insurtech with embedded distribution through super-apps and digital platforms; comparable business model and Southeast Asia focus, but primarily Indonesia-centric.
- Lifepal: Indonesian insurtech distributing insurance through digital and B2B channels to underserved consumers; comparable Southeast Asia focus on digital-first insurance distribution.
Emerging players
- Qoala: Indonesia and Southeast Asia insurtech focused on embedded micro-insurance for gig workers and digital platforms — a near-identical target segment and use case to PolicyStreet's gig economy offering.
- Roamly (by Outbounders): Embedded travel insurance platform integrating coverage into booking, mobility and lifestyle platforms; comparable embedded distribution model in the travel insurance vertical.
Broad incumbents
- Singlife: Singapore-based digital life and health insurer with embedded and digital-first distribution across Southeast Asia; overlaps with PolicyStreet on digital insurance distribution but operates as a licensed carrier.
- Tune Protect Group: ASEAN-focused insurer with travel and lifestyle embedded insurance products across digital channels; comparable regional travel-insurance and embedded distribution footprint.
- Allianz Partners: Global insurance and assistance provider with travel, mobility and embedded insurance offerings; a large incumbent that competes for the same platform partnership deals across Asia-Pacific.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
PolicyStreet social profiles
Digital presencePolicyStreet compliance and trust
Trust signalCompliance1 record
PolicyStreet financial estimates
Financial estimateRevenue estimate
Valuation estimate
PolicyStreet leadership team
Management profileNumber of profiles
Profiles4 records
PolicyStreet funding detail
Funding detailFunding overview
Funding rounds8 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PolicyStreet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PolicyStreet
What does PolicyStreet do?
PolicyStreet operates an embedded insurance platform that integrates protection directly into digital platforms at the point of need, serving mobility, delivery, e-commerce, and financial services ecosystems. The platform reaches over 10 million customers across Malaysia and Southeast Asia, offering coverage for underserved segments including gig workers and SMEs through partnerships with telecommunications providers, travel marketplaces, and digital economy platforms.
Is PolicyStreet a public or private company?
PolicyStreet is a private company. It is classified as venture growth investor backed and is currently operating.
When was PolicyStreet founded?
PolicyStreet was founded in 2017. It employs 101 to 250 people.
Where is PolicyStreet based?
PolicyStreet is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does PolicyStreet make money?
Three revenue lines are on record. Embedded Insurance Premiums are the primary driver. The others are B2B Platform Partnerships and reinsurance Operations.
Who are PolicyStreet's main competitors?
Direct peers on record are bolttech, Igloo (formerly Axinan) and Cover Genius. Regional players are PasarPolis and Lifepal. Emerging players are Qoala and Roamly (by Outbounders). Broad incumbents are Singlife, Tune Protect Group and Allianz Partners.
Does PolicyStreet have an API?
No public API is recorded for PolicyStreet.
What industry is PolicyStreet in?
PolicyStreet's product category is Embedded Insurance Platform. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of THALALAB, Trip Cancellation/Interruption & Refund Protection Platforms. Its NAICS code is 5242 and its SIC code is 6411.