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News From Press IRDAI panel recommends regulatory sandbox for tech-based innovations

IRDAI panel recommends regulatory sandbox for tech-based innovations

Source: The Hindu BusinessLine Feb 12, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) will allow companies to test products as part of its regulatory sandbox approach to test new digital and tech-based innovations before launching them in the market.

A committee, set up by the IRDAI on regulatory sandbox in the insurance sector, has submitted its final recommendations.

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