Discussion paper on licensing of digital insurers

“The proposed framework aims to attract new digital players that can offer innovative solutions to address critical protection gaps among the unserved and underserved market segments, as well as enhance customer experience and elevate trust,” said Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus.(pic)

KUALA LUMPUR: Bank Negara has issued a discussion paper on Licensing Framework for Digital Insurers and Takaful Operators.

The discussion paper outlines the proposed framework for licensing new digital insurers and takaful operators (DITOs) to encourage digital innovation in the insurance and takaful sector.