IAIS tells supervisors to be vigilant of insurance digitalisation risks

Increasing digitalisation of insurance could unintentionally create risks of poor outcomes for policyholders and increased vulnerabilities for the sector as a whole, and supervisors must remain vigilant of such risks and consider appropriate and proportionate responses. This is the message from the International Association of Insurance Supervisors (IAIS), which acknowledges the tremendous opportunities for the sector from big data for…

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