Revamping the insurance landscape

Quick Summary:

DIGITAL insurers and takaful operators (DITOs) are one step closer to becoming a reality after Bank Negara Malaysia issued a policy document early last month laying out the licensing and regulatory requirements.

Unlike the five digital bank licences that Bank Negara issued in April 2022, there appears to be no limit to the number of DITO licences.

Industry observers believe those seeking a piece of the digital insurance pie will be the fintechs and insurance technology (InsurTech) companies.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: YVONNE TAN

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Bank Negara Malaysia Regulatory sandbox InsurTech DITOs /Business/Business News Digital insurers and takaful operators Foundational phase Digital insurance Penetration rate Star Biz7 Premiums

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 16:04:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 840 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22135159

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 49 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 46 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions