Jeffery Yong

Aug 30, 2023 | bis.org | Denise Garcia Ocampo |Jatin Taneja |Julie Zhu |Jeffery Yong

Big techs have entered the insurance business due to the rapid growth of the digital economy and the increased adoption of technological innovations in the insurance value chain. Big techs' entry into the insurance market can bring benefits but also poses a number of supervisory challenges, similar to those arising from their involvement in other financial sectors.