BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  DITO Framework: Paving the Way for Next-Gen Digital-First Insurance

DITO Framework: Paving the Way for Next-Gen Digital-First Insurance

Vincent Fong, Chief Editor & Country Manager, Fintech News Malaysia | Ravi Kittane, Partner, Ernst & Young Consulting

15-Aug-24 12:00

DITO Framework: Paving the Way for Next-Gen Digital-First Insurance

What could digital-first insurance look like for consumers? This is something Enterprise Explores as we dive into a potential transformative development in Malaysia’s insurance and takaful landscape—the Digital Insurers and Takaful Operators (DITO) Framework.

Unveiled by Bank Negara Malaysia in July, this framework is set to pave the way for digital-first insurance and takaful operators, providing a unique pathway for new entrants to demonstrate their viability over a foundational phase lasting between three to seven years. During this period, new entrants will benefit from a more proportionate minimum paid-up capital, allowing them to scale their operations in alignment with their business maturity.

To help us unpack the intricacies of the DITO Framework and what it could mean for the industry and end-consumers, we’re joined by Vincent Fong, Chief Editor & Country Manager of Fintech News Malaysia, and Ravi Kittane, Partner at EY Consulting. We also explore the key pillars of the framework, including the market opportunities it creates, the challenges digital insurers might face, and the critical role of technology and innovation in shaping the future of insurance in Malaysia.

Whether you’re in the fintech space, part of the insurance industry, or simply curious about the future of digital-first financial services, this episode offers valuable insights into how the DITO Framework could redefine the landscape.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketseconomyCorporatesmanagingentrepreneursSME

Tags:  Digital Insurers and Takaful Operatorsinsurancetakaful malaysiaDITO





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Michele Schneider of Market Gauge tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Dr. Cristine De Clercy of Trent University analyzes how the 2025 Canada election outcome could reshape the nation's future amid rising U.S. influence.

7:45 AM

Morning Brief

Dr. Veerinderjeet Singh, Senior Adviser on Tax Policy, KPMG discusses the delay of the expanded SST roll out.

8:00 AM

The Breakfast Grille

Todd Jablonski, Principal Asset Management talks about the waves Donald Trump has made in terms of markets.

8:30 AM

Morning Brief

Bryan DeAngelis, Penta Group discusses the changes in term of politics since Donald Trump's inauguration in January.

8:45 AM

Morning Brief

Dr Renato Lima de Oliveira of the Asia School of Business discusses the power outage in Spain and Portugal.

9:00 AM

Opening Bell

(REPEAT) Michele Schneider of Market Gauge tells us where international markets are heading.

9:15 AM

Opening Bell

Jeremy Goh, Head of Research at CGSI Malaysia weighs in on investor strategy for Malaysian equities.

9:35 AM

The Property Show

Lawyer Joanne Leong explains the legal process involved in selling the property of a deceased person.

10:05 AM

Open For Business

How Vircle Is Improving Pocket Money & Family Finances

11:00 AM

The Workplace

AI’s Impact on Finance Careers & Professional Training

12:00 PM

Enterprise Explores

Rethinking Palm Oil: Trade, Trust and the Future of Malaysian Exports

1:00 PM

The Breakfast Grille Repeat

Todd Jablonski, Principal Asset Management talks about the waves Donald Trump has made in terms of markets.

2:05 PM

Discovery Hour

Richard Heinberg, a journalist and educator specialising in energy, economics, and ecological issues, discusses transitioning to renewable energy, environmental impacts of economic growth, and building resilience in the sustainability movement.

3:05 PM

Earth Matters

The Taskforce on Nature-related Financial Disclosures (TNFD) provides a framework for reporting and managing nature-related risks, but environmental and rights groups worry it could lead to corporate greenwashing. We speak to expert Shona Hawkes about the concerns surrounding the TFND's effectiveness and fairness.

4:05 PM

Health & Living

How does RSV, a common respiratory virus, affect adults aged 60 and above, and how could it be severely fatal among our senior citizens?

5:00 PM

Top 5 at 5

6:00 PM

Good Things

Buku Beyond Bars

7:00 PM

Made in Malaysia

The History of Unions in Malaysia

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my