EIOPA offers guidance for EU’s insurtech industry

The European Insurance and Occupational Pensions Authority (EIOPA) aims to facilitate insurtech innovation in a way that ensures a level playing field and does not lead to deregulation. The agency recently published a report providing an overview of the European Union’s insurtech industry. The report also explores licencing requirements and the principle of proportionality related to insurtech innovation. Milliman consultants Bridget MacDonnell and Dominik Sznajder offer some perspective in this briefing note.

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