Fintechs, Insurtechs And The Mistake Of Having A Sandbox

It is a consensus that currently we experience, in several aspects of the social and economic life, the disruption of the paradigm brought by the new technologies and business models associated with the globalization, the Internet, and the digitalization of the relations.

In this context, the supervisors of the financial system and the insurance market try to understand how and where these sectors are going. And this is happening locally and also within the ambit of associations such as the Financial Stability Board – FSI, and the International Association of Insurance Supervisors - IAIS.

One of the initiatives undertaken by many supervisors is the so-called "sandbox."

By and large, the sandbox is an environment controlled by the supervisor in which the supposedly innovative and/or disruptive projects are subject to specific approvals associated with specific limits.