The insurance authority has launched the first phase of an innovation platform:he Insurance Authority has launched the first phase of an innovation platform, one of the initiatives of the National Insurance Sector Strategy. The platform aims to enable startups and innovators to test their insurance products and services in a flexible and secure regulatory environment under the authority's direct supervision.

According to Saudi Press Agency, the first phase includes the launch of the innovation platform and the opening of applications for the Regulatory Sandbox, one of the platform's programs. The platform will also provide a range of advisory services and comprehensive training programs for startups and innovators. These services will help accelerate the adoption of modern technological solutions and enhance the sector's ability to keep pace with rapid developments in the insurance industry at both the local and global levels.

The authority affirmed its commitment to continuing to develop the sector in line with the objectives of Saudi Vision 2030. It also aims to support its transformation into a more innovative, efficient, and sustainable insurance sector.