Axco Regulatory Alerts: Non-life and life: CIMA digital insurance regulation further delayed due to COVID-19

Publication of CIMA regulation on digital insurance (in prior discussions referred to as regulation on e-commerce and electronic insurance), expected for several years, has been delayed again because of the need to align it with planned changes to existing microinsurance regulation designed to encourage the establishment of specialist microinsurers. Draft regulation was to be discussed in the first quarter of 2020, but this was delayed due to COVID-19 and there is currently no timeline for its implementation.

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