Insurance web aggregator compliance requires transparent disclosures, controlled referrals, lead monitoring, and prior approval for specified operational changes. Insurance Web Aggregators must make registration, insurer, product, and prospect-data-sharing disclosures on their websites; restrict unapproved ... Summary
International Financial Services Centres Authority Act, 2019
Insurance web aggregator compliance requires transparent disclosures, controlled referrals, lead monitoring, and prior approval for specified operational changes.
Insurance Web Aggregators must make registration, insurer, product, and prospect-data-sharing disclosures on their websites; restrict unapproved third-party promotions and client diversion; and register for telemarketing where applicable. They must operate a Lead Management System, maintain insurer-agreement records, comply with applicable legal requirements, and accept only prescribed remuneration from insurers. Prior approval is required for specified changes in management, ownership-related personnel, name, office address, core service providers, and server location.
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