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Legislative Experimental Environment Platform for Insurance Sector Launched on Sidelines of '24 Fintech' Conference - Jordan News Gazette

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Legislative Experimental Environment Platform for Insurance Sector Launched on Sidelines of ’24 Fintech’ Conference

September 3, 2024

Chairman of the Insurance Authority Abdulaziz bin Hassan Al-Boug has attended the launch of the authority’s Legislative Experimental Environment Platform for the insurance sector on the sidelines of the “24 Fintech ” conference held at the Riyadh Front Exhibition and Conference Center.

The platform aims to provide a safe, low-risk, and regulated environment for entrepreneurs and companies to test new solutions and innovations related to insurance activities for a specified period until these activities or business models are fully developed.

This initiative will stimulate and support innovation in the insurance sector by facilitating the development of new and creative ideas within an organized framework. It enables companies and innovators in the sector to test their products, services, and business models in a secure environment, aiming to accelerate development and innovation processes and provide effective opportunities to explore and assess innovative solutions.

The Insurance Authority is hosting t
he “24 Fintech” conference, during which it showcases its role in the Saudi Vision 2030 and the latest innovations in the insurance sector. The conference sheds light on the future of insurance technologies and the newest innovations in the kingdom.

Source: Saudi Press Agency

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