Australia insurtech lobby wants more access to regulatory sandbox
An Australian industry lobby, focusing specifically on insurtech, is asking for an extension on the regulatory framework allowing certain companies to use a "sandbox" to test their products without running afoul of restrictions. The newly-formed Insurtech Australia group is urging the Australian Securities and Investments Commission to adjust regulations around the sandboxes to fit insurtech characteristics; in particular, the body is requesting that the regulator increase the limits of personal lines.

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