One lesson I learned from a failed insurtech project is the crucial importance of early regulatory engagement. Our team developed an innovative claims platform, but we underestimated the complexity of insurance regulations across different regions. The project failed due to regulatory non-compliance, causing significant delays and loss of stakeholder confidence. This experience taught me to prioritise regulatory consultation from the start, integrate a dedicated compliance team, and leverage regulatory sandboxes for pilot programs. Now, I ensure all projects align with local laws early on, fostering smoother implementations and stronger industry relationships.