Insurtech obtains financial adviser approval

One up: Lee (left), seen here with his team, says PolicyStreet is the first local Insurtech to be given the FA approval.

LOCAL Insurtech PolicyStreet has expanded its scope following its financial adviser (FA) approval from Bank Negara.

Last week, the firm obtained the approval to conduct financial advisory and Islamic financial advisory business under Section 11 and 15(1) of the Financial Services Act 2013 respectively.