News Regulations10 Jul 2019

India:Regulator grants insurance broking licence to FinTech start-up


The Insurance Regulatory and Development Authority of India (IRDAI) has granted an insurance broking licence to Nearby Technologies, reported moneycontrol.com. The FinTech will be operating its insurance broking services under the newly-created Nearby Insurance Broking Services division and launch a new brand called InsureNearby. As part of its launch strategy, the start-up has acquired We Care Insurance Broking Services.

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