Insurance Authority Starts Innovation Phase
The Insurance Authority has launched the first phase of the "Innovation System," an initiative aimed at enabling startups and innovators to test their insurance products and services in a flexible and secure regulatory environment supervised by the Authority. This step aims to support the growth of the insurance sector, promote innovation, and increase insurance awareness in line with Saudi Arabia’s Vision 2030. The system offers consulting services and training programs to encourage the adoption of modern technological solutions. Startup companies can submit their applications to participate in the experimental regulatory environment, as the Authority seeks to develop the sector to become more efficient and sustainable.
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