Notifications

Monday 18 July 2022


Saturday 31 December 2022

Expo 2020

Join the making of a new world at the greatest showcase of human brilliance and achievement

Monday 11 July 2022


Saturday 31 December 2022

UAE Next 50

The year of preparation for the next fifty requires community collaboration to advance our development drive and its sustainability, and fulfill our aspirations to a better future for our UAE.

Accessibility settings

Text size

A-

A+

Theme color

Color blind mode

Night reading mode

Rate this page

Rated by 0 People

Thanks for rating

Please provide a valid value for Name
Please provide a valid value for Email Address
Please provide a valid value for Phone number
Please provide a valid value for Subject
Please provide a valid value for Message

Sandbox Initiatives

Banking Sandbox Regulatory Environment

The Central Bank of the UAE has signed two separate MOUs with ADGM and DIFC to introduce a co-sandbox programme to enable FinTech companies to test their innovative solutions under the existing sandbox programme.

Insurance Sandbox Regulatory Environment

The objectives of the Insurance Sandbox Regulatory Environment are to:

Contribute to achieving the UAE Vision 2021, which aims to create a competitive knowledge economy based on innovation, and qualifying the CBUAE to understand the products to be introduced, identify associated risks and to seek to guarantee customer satisfaction.

Transform the UAE insurance market into a smart insurance market

Support emerging Emirati FinTech companies.

Create an attractive environment for the insurance sector using innovative systems, making it a platform for interaction with FinTech companies.

Improve the regulatory framework, and contribute towards economic growth and risk management.

Sandbox process

Eligibility Criteria

To apply to join the Insurance Sandbox Regulatory Environment, your product, service, software or business model must meet the following criteria:

  • To be related to insurance products and/or services that fall under the jurisdiction and supervision of the insurance function of the CBUAE

  • To be innovative, in terms of the technology used

  • To prove its benefit to insurance proposers (for example, promoting growth, efficiency, risk management, providing wider options, etc.)

  • To require testing in the experimental environment

Rate this page

Rated by 0 People

Thanks for rating

Last updated on: Thursday 28 July 2022

Total visitors 803

)
)