Insurtech Australia has worked with its members and partners in drafting a response to Treasury’s, ‘Independent Review of the Enhanced Regulatory Sandbox’.
The submission highlights the ineffectiveness of the current ERS Framework to support insurance innovation, being a passive exemptions framework with weak transition pathways and with an innovation test emphasising the underlying product rather than the enabling technology.
For more information on Insurtech Australia’s submission, read the Press Release here.
You can access the submission to Treasury in full here.
