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

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  • Marta Ostrowska

    (The PRICL Project Group, Faculty of Law, University of Zurich, Rämistrasse 74, CH-8001 Zürich, Switzerland)

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.

Suggested Citation

  • Marta Ostrowska, 2021. "Regulation of InsurTech: Is the Principle of Proportionality an Answer?," Risks, MDPI, vol. 9(10), pages 1-12, October.
    • Handle: RePEc:gam:jrisks:v:9:y:2021:i:10:p:185-:d:659636
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    References listed on IDEAS

    as
    1. Marano, Pierpaolo & Siri, Michele, 2021. "Regulating insurtech in the European Union," Journal of Financial Transformation, Capco Institute, vol. 54, pages 166-177.
    2. Braun, Alexander & Schreiber, Florian, 2017. "The Current InsurTech Landscape: Business Models and Disruptive Potential," I.VW HSG Schriftenreihe, University of St.Gallen, Institute of Insurance Economics (I.VW-HSG), volume 62, number 62.
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