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Consultation Call Reports, Digital Technology | 2019

Regulating InsurTech: Role of the regulator in managing data risks and protecting consumers – A2ii-IAIS Consultation Call, January 2019

Emerging technological innovations, the use of big data and AI hold great potential to reach out to new customers, offers consumers greater value products and enhance operating effeciency. Digital technologies are transforming the insurance industry rapidly, generating new questions and regulaory challenges for insurance supervisors. Globally, the use of consumer data is the area of most rapid innovation and change in the insurance sector.