The report highlights the numerous innovations taking shape in the insurance sector, and what impact they may have, on scaling up the distribution, improving as well as the benefits that could be reaped from innovation in the insurance sector, especially for policyholders. There are regulatory and competition considerations that need to be made as “disruption” to the industry is often about new market entries as well as new modes of service provision which may not fit the mode in which regulations was conceived upon. There are also wider privacy and data protection issues which require close attention given that Insurtech by nature usually involves a digital component to the technology.