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ARTICLE · 26 APRIL 2018

Playing In The Bermuda Insurtech Sandbox

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Bermuda has been at the forefront of providing innovative solutions in the insurance industry and boasts the largest Insurance Linked Securities (ILS) ...

BermudaInsurance
Timothy Faries
Timothy Faries
Brad Adderley
Brad Adderley
Alan Bossin
Alan Bossin
Steven Rees Davies
Steven Rees Davies
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Bermuda has been at the forefront of providing innovative solutions in the insurance industry and boasts the largest Insurance Linked Securities (ILS) and captive sectors in the world. Leveraging Bermuda's reputation as a centre of excellence for innovation in a sound regulatory environment, the Bermuda Monetary Authority (BMA) is now launching two parallel innovation tracks: an insurance regulatory sandbox (Sandbox) and an Innovation Hub, both initially targeted at insurance technology (InsurTech) companies. The BMA released the Consultation Paper on Insurance Regulatory Sandbox in April 2018.

InsurTech Sandbox

What is a sandbox?

The Sandbox is a space where companies can test new technologies and offer innovative products, services and delivery mechanisms to a limited number of customers in a controlled environment and for a limited period of time.

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