Reported 5 months ago
The Financial Supervisory Commission plans to release regulations for pure online insurance companies by the end of the year, aiming to broaden their business scope and enhance digital operations. However, most insurance companies are responding with caution, showing little interest in applying. Previous attempts to establish such companies have failed, and many firms are waiting for clearer guidelines before making any decisions. Current focus seems to be on developing innovative products within existing frameworks rather than pursuing pure online insurance.
Source: YAHOO