PolicyStreet

PolicyStreet, based in Malaysia, specializes in providing innovative insurance solutions, with a focus on enhancing accessibility and understanding of insurance products for consumers and businesses alike. Founded in 2016 and headquartered in Kuala Lumpur, Malaysia, PolicyStreet operates as a digital insurance platform, simplifying the process of purchasing insurance. The company has raised USD 15. 3 mn in Series B funding, led by Khazanah Nasional Berhad, with participation from Altara Ventures, Gobi Partners, and Spiral Ventures on May 23, 2023.

The founders are Wilson 马伟权, Winnie 蔡𣲗宁, and Yen Lee, who have a history of entrepreneurship in the tech and insurance sectors. PolicyStreet offers a range of insurance products, including life, health, and general insurance, aimed at catering to diverse customer needs. Their digital platform enhances the purchasing experience by providing educational resources and personalized recommendations, allowing users to make informed decisions. Furthermore, the company collaborates with various insurance providers to ensure a broad selection of policies available for customers.

For the year 2023, PolicyStreet generated a revenue of USD 12. 61 mn with an EBITDA of USD -1. 05 mn, indicating an ongoing investment in growth and technology development. Following their recent funding of USD 15.

3 mn in May 2023, PolicyStreet plans to enhance its technology and underwriting capabilities, as well as expand the availability of on-demand underwriting policies. The company is targeting further market penetration within Southeast Asia and aims to introduce new insurance products tailored for this expanding demographic by the end of 2024.