July 23, 2018
Regulators Create Sandbox for Insurtech
Hong Kong, among others, is helping startups build an initiative in a mentored environment before formally presenting it to regulators.
On Sept. 29, 2017, the Insurance Authority of Hong Kong launched the new insurtech Sandbox, with the objective to test insurtech applications by authorized insurers in a controlled regulatory environment. The infographic summarizes the main features of the initiative and provides insight on the potential benefits as well as the anticipated challenges for the players interacting in the Sandbox.