Founded in January 2017 by Yen Ming, Wilson Beh and Winnie Chua, PolicyStreet began helping consumers and businesses choose and purchase insurance policies based on their needs and requirements, with the underlying aim of making insurance more affordable, simpler, and transparent.



Fast forward to today, they’re a regional player in the Insurtech space and work with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services. As of June 2023, PolicyStreet have served over 5 million customers and achieved a sum insured of over US$6 billion (RM27.7 billion) in Malaysia.



They managed to close a US$15.3 million (RM67 million) Series B funding round with Khazanah Nasional Bhd as lead investor last June and earlier this year, the company received the regulatory approval from the Labuan Financial Services Authority (LFSA) to begin its Takaful and Retakaful operations. PolicyStreet is now equipped to reinsure and underwrite Takaful products, providing Syariah-compliant insurance solutions.



Venturing from insurance marketplace platform to financial advisory business, now co-creating and underwriting insurance products, on this episode of Open For Business, we learn about PolicyStreet's journey as a Malaysian Insurtech company over the last 7 years. Diving deeper into how they’re tackling the insurance industry while working with agents and incumbents, exploring what they're looking for in potential strategic partnerships with Khazanah's non-monetary value, and much more.

Founded in January 2017 by Yen Ming, Wilson Beh and Winnie Chua, PolicyStreet began helping consumers and businesses choose and purchase insurance policies based on their needs and requirements, with the underlying aim of making insurance more affordable, simpler, and transparent.Fast forward to today, they’re a regional player in the Insurtech space and work with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services. As of June 2023, PolicyStreet have served over 5 million customers and achieved a sum insured of over US$6 billion (RM27.7 billion) in Malaysia.They managed to close a US$15.3 million (RM67 million) Series B funding round with Khazanah Nasional Bhd as lead investor last June and earlier this year, the company received the regulatory approval from the Labuan Financial Services Authority (LFSA) to begin its Takaful and Retakaful operations. PolicyStreet is now equipped to reinsure and underwrite Takaful products, providing Syariah-compliant insurance solutions.Venturing from insurance marketplace platform to financial advisory business, now co-creating and underwriting insurance products, on this episode of Open For Business, we learn about PolicyStreet's journey as a Malaysian Insurtech company over the last 7 years. Diving deeper into how they’re tackling the insurance industry while working with agents and incumbents, exploring what they're looking for in potential strategic partnerships with Khazanah's non-monetary value, and much more.

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

Open For Business

Discover fresh concepts, tackle obstacles, and unleash growth - Open For Business is the dynamic show where BFM engages with entrepreneurs, business leaders, and industry trailblazers, igniting inspiration, sparking success, and exploring new business models.

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