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Saudi Insurance Authority launches Innovation System
The Saudi Insurance Authority has launched the first phase of the "Innovation System" to support startups and innovators in testing insurance products and services, aiming to promote growth and competitiveness in the sector. This phase involves receiving applications within the "Regulatory Sandbox" environment, as well as providing consulting services and training programs to accelerate the adoption of modern technological solutions. The initiative is part of the Authority’s ongoing efforts, in line with the goals of "Saudi Vision 2030," to enhance the efficiency and sustainability of the insurance sector.
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