• BlueOrchard-managed InsuResilience Investment Fund Private Equity II SCA SICAV-RAIF (“IIF II”)[1] has invested in PolicyStreet, one of Malaysia’s leading digital insurance providers, as part of a USD 26 million funding round alongside new and existing investors.
  • The investment supports PolicyStreet’s next phase of growth and advances a shared ambition to expand access to inclusive insurance solutions that strengthen the resilience of vulnerable communities, particularly the country’s rapidly growing population of gig workers, micro, small and medium-sized companies (MSMEs), and households with lower incomes.[2]

Founded in 2017, PolicyStreet has become a full-stack insurtech platform in Malaysia, providing digital insurance solutions to businesses and consumers nationwide. Through its embedded insurance model and technology-enabled distribution network, the company has served more than 10 million individuals across the region, with a strong focus on gig workers, MSMEs, and lower-income households.

As climate-related events such as floods, extreme heat and severe weather become more frequent across Southeast Asia, vulnerable communities such as gig workers face increasing risks to their income and livelihoods. Unlike traditional employees, many gig workers lack access to employer-sponsored protection, making affordable and accessible insurance a critical tool for financial resilience. The investment will enable PolicyStreet to further scale its digital platform, deepen partnerships across its ecosystem and develop innovative insurance solutions designed to help these underserved populations better manage climate-related risks.

Malaysia appears well positioned for the further development of inclusive insurance. Despite rising demand for protection, insurance penetration remains comparatively low, particularly among populations with low incomes and small businesses. Rapid digitalisation and the growth of gig-based employment is creating strong demand for simple, affordable, and accessible protection solutions. PolicyStreet is well positioned to capture this opportunity through its strong local market expertise, scalable distribution and product structuring capabilities, which enable insurance products to be seamlessly integrated into digital customer journeys.

Alice Mak, Investment Director at BlueOrchard, said: “PolicyStreet has built a powerful platform for expanding insurance access to communities that have traditionally been underserved. Its established ecosystem partnerships, proven distribution capabilities and commitment to innovation create a strong foundation for advancing solutions that address climate-related protection needs. By extending relevant, affordable coverage to populations often overlooked by conventional insurance models, the company can play an important role in strengthening financial resilience in Malaysia.”

“We are excited to partner with BlueOrchard and advance a shared vision of creating meaningful social impact by expanding protection for underserved workers. Building on the success of our embedded gig worker protection, we are looking to extend this further to address climate-related risks. As weather patterns become increasingly unpredictable, from heavy rainfall and flash floods to extreme heat, gig workers are among the most directly affected in their ability to earn a living. We aim to ensure that the protection we offer evolves with the realities of their work, strengthening financial resilience, protecting livelihoods, and supporting a more sustainable and equitable future for underserved communities,” said Yen Ming Lee, Co-founder and Chief Executive Officer of PolicyStreet.

Catalysing climate resilience through inclusive insurance

IIF II invests in high-growth insurance and technology-enabled businesses that improve access to climate risk protection for vulnerable populations. Building on the success of its predecessor fund, the strategy combines growth capital with technical assistance and premium support to accelerate the development and adoption of climate insurance solutions.

Structured as a blended finance fund and initiated by German development bank KfW on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), IIF II brings together public and private investors, including British International Investment (BII), the Nordic Development Fund (NDF), and institutional investors. The fund seeks to generate market-rate financial returns while delivering measurable climate adaptation and resilience outcomes. Its blended finance structure uses first-loss protection to reduce investment risk, mobilise private capital, and scale innovative insurance solutions across underserved markets.

[1] IIF II has been closed for investments; information is for illustrative purposes only.

[2] The so-called «B40 population», referring to the bottom 40% Malaysian households by income.

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For further information, please contact: 
BlueOrchard
Tahmina Theis, Head of Communications
+41 22 596 47 69
tahmina.theis@blueorchard.com

 

About BlueOrchard Finance Ltd

BlueOrchard is a leading global impact investment manager with a long-standing track record of delivering financial returns alongside measurable social and environmental outcomes. Established in 2001 as part of a United Nations initiative, the firm has been a pioneer in impact investing, with a particular focus on emerging and frontier markets.

With more than two decades of experience, global reach and deep local expertise, BlueOrchard offers a broad range of impact investment strategies designed to meet the needs of institutional, private, and public investors. These solutions provide access to high-growth markets while supporting job creation and sustainable economic development. The firm has invested billions of dollars across more than 100 countries, benefiting millions of underserved micro-, small- and mid-sized enterprises. As part of Schroders, a global asset manager with a heritage spanning over 200 years, BlueOrchard combines specialist impact investing capabilities with institutional-grade infrastructure and governance. For further information, please visit: www.blueorchard.com

 

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