March iCAS Newsletter Issue 11/2019

The European Insurance and Occupational Pensions Authority (EIOPA) published its Report on "Best Practises on Licencing Requirements, Peer-to-Peer Insurance and the Principle of Proportionality in an InsurTech Context". As part of the European Commission's Fintech Action Plan, with this Report EIOPA presents a mapping of current authorising and licencing approaches to financial innovation, including an assessment of how the principle of proportionality is applied in practice. The Report also includes an analysis of the approach to InsurTech start-ups operating as peer-to-peer (P2P) insurers.