Huize secures MAS license for Poni Insurance in Singapore

This represents Huize’s first licensed operation outside of mainland China.

Huize Holding Limited has announced that its Singapore subsidiary, Poni Insurance Agency (Singapore) Pte. Ltd., has been granted a Financial Adviser (FA) licence by the Monetary Authority of Singapore (MAS).

Huize said the licence will enable Poni, its digital-first insurance intermediary brand, to offer a full range of insurance products and financial advisory services in Singapore.

This development represents Huize’s first licenced operation outside of mainland China.

According to the release, Huize plans to leverage its proprietary digital platform, AI-driven analytics, and product innovation capabilities to enhance Poni’s offerings.

The company added that it will work with local and international insurers to introduce personalised and affordable protection products tailored to Singaporean consumers.