Regulation of InsurTech: Is the Principle of Proportionality an Answer?

Marta Ostrowska
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Marta Ostrowska: The PRICL Project Group, Faculty of Law, University of Zurich, Rämistrasse 74, CH-8001 Zürich, Switzerland

Risks, 2021, vol. 9, issue 10, 1-12

Abstract: In the view of the current discussion on how to regulate the emerging InsurTech companies, if at all, the author attempts to demonstrate that rather than automatically introducing new regulation, the principle of proportionality can, in most cases, help to adapt application of the existing rules and policy approaches to the InsurTech business models without incurring major regulatory changes. An example of peer-to-peer platforms is used to show how the specificity of each InsurTech company can be grasped by the three key criteria of proportionality: nature, scale and complexity.

Keywords: principle of proportionality; InsurTech; peer-to-peer; Insurance Distribution Directive; Solvency II Directive; insurance distributors (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jrisks:v:9:y:2021:i:10:p:185-:d:659636

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