Southeast Asia’s insurance industry has quietly turned into one of the region’s most crowded battlegrounds for digital disruption. Behind traditional insurers’ glossy premiums and paperwork-heavy claims lies a swarm of insurtechs rewriting the rules, some genuinely solving access gaps, others simply repackaging old products with an app and an API.
From Singapore’s bolttech and Igloo pushing embedded insurance into e-commerce checkouts, to Indonesia’s PasarPolis and Qoala betting on microinsurance for underserved consumers, the region’s insurtech map spans at least six countries and just as many business models. Thailand’s Sunday and Roojai lean on AI for pricing; Malaysia’s PolicyStreet, Senang, and Ouch! chase Takaful and MSME niches; Vietnam’s INSO and Papaya digitise claims and corporate benefits.
Also Read: What Southeast Asia can learn from Europe’s insurtech revolution
Then there’s the stranger fringe: “death tech” platforms like Kamboja and Bereev monetising end-of-life planning, wellness-insurance hybrids like Rey.id, and infrastructure plays like Agiliux and Finology quietly powering the back end for everyone else.
The pitch is always the same: insurance is broken, and technology fixes it. Whether that holds up under scrutiny, or whether it’s just VC-funded distribution dressed up as innovation, is the real story worth unpacking.
bolttech (Singapore)
Founded in 2020, bolttech operates a digital, cloud-based embedded insurance platform that connects insurance providers, distributors, and customers across more than 35 markets globally.
Igloo (Singapore)
Established in 2016, Igloo provides AI-powered digital infrastructure, big data, and real-time risk assessment to help businesses embed and distribute affordable insurance products across Southeast Asia.
PasarPolis (Indonesia)
Set up in 2015, PasarPolis acts as a full-stack platform focused on affordable microinsurance, using digital tools to streamline policy purchases and fast-track claims for everyday and underserved consumers
Sunday Insurance (Thailand)
Founded in 2017, Sunday uses artificial intelligence, machine learning, and data science to offer personalised motor, health, and business insurance products.
PolicyStreet (Malaysia)
PolicyStreet, started in 2016, provides digital insurance solutions, financial advisory, and underwriting services partnering with over 40 life, general, and Takaful providers to serve consumers and businesses across Southeast Asia and Australia.
Also Read: PolicyStreet targets gig workers and SMEs after lifting Series C round to US$26M
Roojai.com (Thailand)
Launched in 2016, Roojai provides direct-to-consumer (D2C) non-life insurance products, including car, EV, motorbike, personal accident, cancer, and travel insurance, operating in Thailand and Indonesia.
Bang Jamin (Indonesia)
Bang Jamin offers transparent vehicle, health, and travel coverage, aiming to process policy issuance and claims within 24 hours
Rey.id (Indonesia)
Rey.id operates a subscription-based mobile application that combines life and health insurance, outpatient and inpatient care, and wellness features into an integrated ecosystem for individuals, employers, and insurers.
Blacaz (Singapore)
Blacaz is an active insurance broker and digital insurtech company that focuses on making business insurance simple and accessible for startups and SMEs, offering corporate covers like health benefits, professional indemnity, and director liability.
Senang (Malaysia)
Senang is an embedded digital financial platform founded in 2018. It provides affordable microinsurance, on-demand coverage, and financial services targeted at micro, small, and medium-sized enterprises (MSMEs), the gig economy, and everyday consumers.
Qoala (Indonesia)
Launched in 2018, Qoala uses digital technology, big data, and machine learning to make insurance simple, affordable, and accessible.
Also Read: In Indonesia, the problem is lack of insurance accessibility, not affordability: Qoala CEO
Teleskop Technologies (Singapore)
Started in 2023, Teleskop provides a digital wealth-tracking and legacy-planning platform designed to help individuals, financial advisors, and institutions aggregate, analyse, and manage both financial and non-financial asset portfolios.
GetDoc (Singapore)
GetDoc is designed to connect patients instantly with medical practitioners and clinics, primarily operating across Singapore and Malaysia.
INSO (Vietnam)
Launched in December 2018 and headquartered in Hanoi, INSO lets users buy customised insurance policies, self-assess assets, and process claims automatically through a smartphone app. It operates as a venture under the NextTech Group.
Vouch Insurtech (Singapore)
Set up in 2016, Vouch is a P2P car insurance platform that let safe drivers form groups to earn cash-back rebates up to 15 per cent on annual premiums if no claims were made. It partnered with major insurers like NTUC Income, Sompo, and Tokio Marine
Finology (Malaysia)
Finology specialises in embedded finance, providing API-driven software solutions that allow banks, insurance firms, and non-financial consumer businesses (like property developers and car distributors) to offer instant loan and insurance approvals.
Papaya Insurtech (Vietnam)
Launched in 2018, Papaya digitises health and life insurance administration. It connects insurance companies, healthcare providers, and corporate clients through a cloud-based platform, streamlining employee benefits and automating medical claims.
Kamboja (Indonesia)
Kamboja is an integrated funeral and end-of-life planning insurtech platform. Founded in January 2021, it digitises and coordinates comprehensive death-care services, easing both the emotional and financial burden of funeral arrangements for grieving families.
DearTime (Malaysia)
Founded in 2019 and based in Kuala Lumpur, DearTime provides pure protection life insurance products entirely through a mobile and web application without traditional agents or medical checkups
Ouch! (Malaysia)
Ouch! operates as a digital takaful (Islamic insurance) platform. It aims to make financial protection simple and paperless by removing agents and long forms, offering affordable coverage options starting from RM4.13 per month via its mobile app.
Also Read: Ouch! nets US$1.2M to expand market share, drive insurance innovation
Bereev (Malaysia)
Bereev is a Malaysian “death tech” and legacy planning startup founded in Kuala Lumpur in 2018. It provides an online platform and app designed to help individuals organise their personal, financial, and end-of-life plans, making it easier for families to handle logistics and estate tasks after a loved one passes away.
Checkup (Singapore)
Launched in 2023, Checkup builds proprietary cloud- and AI-powered health tracking APIs that allow large digital platforms and insurance companies to monitor and track user health metrics with or without wearable devices.
Agiliux (Singapore)
Agiliux is an AI-native, cloud-based core platform and system of record designed for modern insurance brokers, managing general agents (MGAs), and insurance providers. It replaces fragmented legacy software and spreadsheets to unify operations including policy administration, submissions, quoting, claims, accounting, and compliance.
Gigacover (Singapore)
Gigacover is a Singapore-founded insurtech platform established in 2017 that provides flexible, digital insurance and financial health benefits tailored for freelancers, gig economy workers, and SMEs in Southeast Asia. It bridges the gap by offering safety nets typically reserved for traditional corporate employment.
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