Bank Negara issues discussion paper on licensing framework for DITOs

Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus

KUALA LUMPUR: Bank Negara has issued a discussion paper on licensing framework for digital insurers and takaful operators (DITOs).

In a statement Tuesday, the bank said the discussion paper outlined the proposed framework for licensing new DITOs to encourage digital innovation in the insurance and takaful sector.