Tag "PolicyStreet"
PolicyStreet Offers Accident Coverage, Loan Protection for Auto Repairs
Regional insurtech company PolicyStreet has joined forces with Direct Lending to launch DirectCare+, an embedded microtakaful plan providing personal accident coverage and loan protection. This marks PolicyStreet’s first-ever microtakaful product. The launch of DirectCare+ comes at a critical time, given
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Vircle Taps PolicyStreet to Offer Child Insurance Plan Tied to Its Visa Card
Malaysian insurtech company PolicyStreet and Vircle, a Malaysian neobanking service provider for kids, have joined forces to launch “Vircle Club Protect,” a new insurance service designed to offer financial security for children of Malaysian families who subscribe to the latter’s
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PolicyStreet Gets Approval From Labuan Regulator for Takaful Operations
Malaysian insurtech company PolicyStreet has received the regulatory nod from the Labuan Financial Services Authority (LFSA) to begin its Takaful and Retakaful operations in the region. By securing the necessary approvals, PolicyStreet is now equipped to reinsure and underwrite Takaful
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How Will BNM’s Digital Insurance License (DITO) Address Protection Gaps in Malaysia
In recent years, the insurance landscape in Malaysia has undergone a transformation driven by digital innovation, of which the introduction of Bank Negara Malaysia’s digital insurer and takaful operators (DITO) framework is expected to be a game changer. The emergence
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Digital Insurance Products in Malaysia That Caught Our Attention
According to the Fintech Malaysia Report 2022, there are a total of 32 players who are actively involved in the insurtech space in Malaysia as of 2022, compared to only 16 players back in 2019. This shows that there is
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Carsome Offers Personal Accident Coverage up to RM10K with PolicyStreet
Used car trading platform CARSOME has tied up with Malaysian insurtech company PolicyStreet to roll out the CARSOME Care+ coverage. The complimentary coverage is valid for a year and is embedded into every purchase of a CARSOME Certified car, available
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How Embedded Insurance is Changing the Face of Online Shopping
In an age where financial services are evolving to match the pace of consumers’ dynamic lifestyles, embedded insurance is gaining traction as a transformative approach to offering protection. Unlike the traditional standalone policies, the essence of embedded insurance lies in
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PolicyStreet Raises RM67 Million Series B Led by Khazanah to Serve the Underinsured
Malaysian insurtech company PolicyStreet has raised a total of RM67 million (US$15.3 million) in a Series B fundraising round led by the country’s sovereign wealth fund Khazanah Nasional. The round was also joined by other local and international investors, including
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PolicyStreet Achieves Significant Growth, Reaching US$6 Billion Sum Insured
Malaysia’s Insurtech Startup PolicyStreet has experienced exponential growth in FY22, with its topline increasing fivefold compared to FY21 and a sum insured of over US$6 billion. Despite challenging market conditions, the company has continued to innovate, delivering tailor-made insurance products
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PolicyStreet Secures Australian License in Regional Expansion Push
Malaysian insurtech company PolicyStreet announced that it has secured the Australian Financial Services License from the Australian Securities and Investments Commission (ASIC). The license allows PolicyStreet to offer financial product advice and services for general insurance products to Australian retail
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