Bank Negara governor Datuk Seri Abdul Rasheed Ghaffour
KUALA LUMPUR: Bank Negara Malaysia (BNM) has refined several entry requirements for digital insurers and Takaful operators (DITOs) in its policy document on licensing and regulatory framework for DITOs released today.
The centre bank said under the refined entry requirements, DITOs will observe a foundational phase over a period between three years and up to seven years to demonstrate their viability and operational soundness.
