PolicyStreet

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.

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

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

• Embedded insurance platform
• Digital insurance distribution
• Insurtech solutions
• B2B2C insurance
• Insurance technology

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. 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.
2. B2B Platform Partnerships: Revenue sharing or commission structures from embedding insurance products into partner ecosystems including telecommunications, travel, e-commerce, and financial services platforms
3. 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

Core 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

Named customers4 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Telecommunications ProviderscoreStrategic or Co-development PartnerEmbedded insurance partnerships with telecom providers distributing coverage to subscribers across Malaysia and Southeast Asian markets.
• Travel Experience MarketplacescoreStrategic or Co-development PartnerPartnerships with travel platforms embedding insurance products at point of booking for trip protection coverage.
• Digital Economy PlatformscoreStrategic or Co-development PartnerEmbedded 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

Direct 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

• Xx.com/policy_street
• Facebookfacebook.com/PolicyStreet.MY
• LinkedInlinkedin.com/company/policystreet

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds8 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PolicyStreet