Digital Face to Face
The Office of the Insurance Commission (OIC) has announced guidelines for issuing and offering life and non-life insurance policies and the operational procedures for insurance agents, brokers, and banks during the COVID-19 pandemic. This announcement is designed to increase regulatory efficiency and facilitate insurers, insurance agents, and brokers by allowing them to sell insurance policies through online conferences.
Equity Instrument Ownership
The Office of the Insurance Commission (OIC) has supported investments in digital businesses by announcing the "Principles, procedures, and conditions for holding equity instruments in legal entities that are established to operate technology businesses beneficial to life insurers" in 2020.