Home page

Objectives and Documents

1. Contributing to achieving the UAE Vision 2021, which aims to create a competitive knowledge economy based on innovation, which requires the support of the Innovative Solutions Owners. In the meanwhile, qualifying the Authority to understand the products to be introduced and identify the risks associated with them and to ensure a satisfactory level for customers during the pilot period.

2. Transforming the UAE insurance market into a smart insurance market.

3. Supporting the emerging Emirati FinTech companies.

4. The Authority aims, by issuing this document, to define the regulatory framework for the operation and management of the experimental environment of the insurance sector, in order to create an attractive environment for the insurance sector using innovative systems, as well as, making it a platform to interact with FinTech companies, improving the regulatory framework, and contributing to economic growth and risk management.

Regulatory Sand box regulation

 

 

How to submit your application

 

 

​Please note that the regulatory sandbox is meant to enable experimentation of innovative financial services/products that are regulated by Insurance Authority.

Registration form

Notes

  • Please note that the experimental environment aims to enable experimentation with innovative financial services / products organized by the Insurance Authority.
  • The company that wishes to apply for approval to be admitted into the experimental environment must submit all required documents within the time period. Interested companies are encouraged to apply for any of the annual periods. The following available periods are:
    • Applications are received between March 15 and April 15, 2021.
    • The decision will be issued by the Insurance Authority by May 02, 2021.
  • Accepted companies will be invited during the first period to apply to the experimental environment on the first and second of July 2021 "They will have six or twelve months to take the test as participants in the experimental environment and in accordance with the decision issued in this regard
    • Applications are received September 15 - October 15 2021
    • The decision will be issued by the Insurance Authority by October 30, 2021
  • Accepted companies will be invited to apply to the experimental environment on the first and second of November 2021 "They will have six or twelve months to take the test as participants in the experimental environment and in accordance with the decision of the Insurance Authority.

Education material

 

 

Permitted insurance Technology

FAQs

 

 

Contact US

​Before submitting an application, you may write to InsuTech-Sandbox@ia.gov.ae  to seek specific clarifications.

We use cookies to help optimize our website. Continued use of our website without having changed your settings confirms your acceptance of these cookies. For details of how to change your settings, please see our Privacy & Policy

ACCEPT & CLOSE