IDEAS home Printed from https://ideas.repec.org/a/gam/jrisks/v9y2021i10p185-d659636.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-9091/9/10/185/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-9091/9/10/185/
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cosma, Simona & Rimo, Giuseppe, 2024. "Redefining insurance through technology: Achievements and perspectives in Insurtech," Research in International Business and Finance, Elsevier, vol. 70(PA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iván Sosa Gómez & Óscar Montes Pineda, 2023. "What is an InsurTech? A scientific approach for defining the term," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 26(2), pages 125-173, July.
    2. Thomas Puschmann & Christian Hugo Hoffmann & Valentyn Khmarskyi, 2020. "How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland," Sustainability, MDPI, vol. 12(24), pages 1-30, December.
    3. Martin Eling & Davide Nuessle & Julian Staubli, 2022. "The impact of artificial intelligence along the insurance value chain and on the insurability of risks," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(2), pages 205-241, April.
    4. Iván Sosa & Óscar Montes, 2022. "Understanding the InsurTech dynamics in the transformation of the insurance sector," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(1), pages 35-68, April.
    5. Xian Xu & Peter Zweifel, 2020. "A framework for the evaluation of InsurTech," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 23(4), pages 305-329, December.
    6. Alexander Braun & Niklas Haeusle & Paul Thistle, 2023. "Risk classification with on‐demand insurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 90(4), pages 975-990, December.
    7. Antonella Cappiello, 2020. "The Digital (R)evolution of Insurance Business Models," American Journal of Economics and Business Administration, Science Publications, vol. 12(1), pages 1-13, January.
    8. Yongsu Lee & Hyosook Yim, 2025. "Trends in InsurTech Development in Korea: A News Media Analysis of Key Technologies, Players, and Solutions," Administrative Sciences, MDPI, vol. 15(1), pages 1-25, January.
    9. Torsten Oletzky, 2023. "InsurTech in the United States and Germany—What are the drivers behind the different business models?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 26(4), pages 485-511, December.
    10. Jie Liu & Shujun Ye & Yujin Zhang & Lulu Zhang, 2023. "Research on InsurTech and the Technology Innovation Level of Insurance Enterprises," Sustainability, MDPI, vol. 15(11), pages 1-19, May.
    11. Cao, Siqing & Lyu, Hanjia & Xu, Xian, 2020. "InsurTech development: Evidence from Chinese media reports," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    12. Pierpaolo Marano, 2021. "Management of Distribution Risks and Digital Transformation of Insurance Distribution—A Regulatory Gap in the IDD," Risks, MDPI, vol. 9(8), pages 1-11, August.
    13. Ma, Yu Luen & Ren, Yayuan, 2023. "InsurTech—Promise, threat or hype? Insights from stock market reaction to InsurTech innovation," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
    14. Petzold, Neele & Schmidt, Alexander Lennart & Scaringella, Laurent, 2023. "How to overcome the disruptor's dilemma: Exploring strategic alliance reconfiguration of new market entrants," Technovation, Elsevier, vol. 126(C).
    15. Gian Paolo Clemente & Pierpaolo Marano, 2020. "The broker model for peer-to-peer insurance: an analysis of its value," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(3), pages 457-481, July.
    16. Michele Loi & Christian Hauser & Markus Christen, 2022. "Highway to (Digital) Surveillance: When Are Clients Coerced to Share Their Data with Insurers?," Journal of Business Ethics, Springer, vol. 175(1), pages 7-19, January.
    17. Angela Zeier Röschmann & Matthias Erny & Joël Wagner, 2022. "On the (future) role of on-demand insurance: market landscape, business model and customer perception," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(3), pages 603-642, July.
    18. Martin Eling & Martin Lehmann, 2018. "The Impact of Digitalization on the Insurance Value Chain and the Insurability of Risks," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(3), pages 359-396, July.
    19. Beer, Simone & Braun, Alexander & Bühler, Pascal & Eling, Martin & Maas, Peter & Reichel, Lukas & Rüfenacht, Matthias & Schaper, Philipp & Schmeiser, Hato & Schreiber, Florian & Steiner, Philipp Hendr, 2017. "Assekuranz 2025: Quo vadis?," I.VW HSG Schriftenreihe, University of St.Gallen, Institute of Insurance Economics (I.VW-HSG), volume 63, number 63.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jrisks:v:9:y:2021:i:10:p:185-:d:659636. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.