Khazanah-Backed PolicyStreet Targets 2026 Revenue Doubling with AI-Driven Southeast Asia Expansion
Malaysian insurtech powerhouse PolicyStreet, backed by Khazanah Nasional Bhd, aims to double its revenue in 2026 following a transformative 2025.
Licensed by Bank Negara Malaysia and operating regionally under Labuan FSA and ASIC, the firm serves over 5 million customers with more than $10 billion in sum insured across diverse insurance products.
Breakthrough Achievements in 2025
2025 proved pivotal as PolicyStreet expanded regionally through key partnerships, including with a major Hong Kong travel platform and reinsurance in Vietnam.
The company elevated its LECA rating to 'a+' from RAM Ratings, reflecting stronger underwriting and balance sheet resilience.
Embedded insurance integrations proliferated via collaborations with telcos, fintechs, and offline retailers, embedding protection into daily touchpoints.
AI advancements shone through a Renewal Propensity Model for motor insurance, bolstered by a multi-year Google partnership.
PolicyStreet garnered prestigious recognitions, such as Asia’s NextGen Tech 30 and Most Disruptive Insurtech by InsuranceAsia News for the second year.
2026 Growth Strategy and Regional Impact
To achieve revenue doubling, PolicyStreet prioritizes disciplined underwriting, sustainability, and scaling with purpose amid Southeast Asia's booming tech ecosystem.
Future plans emphasize deeper cross-market partnerships to bridge the region's insurance protection gap and boost financial inclusion.
New-to-market solutions will embed seamlessly into platforms, targeting underserved segments with innovative Takaful and general insurance offerings.
While navigating tech scaling and responsible innovation challenges, CEO Sharil Nizom eyes AI-enhanced underwriting for long-term trust and resilience.
