Regulation of InsurTech: Is the Principle of Proportionality an Answer?
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...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-10-01
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| Series: | Risks |
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| Online Access: | https://www.mdpi.com/2227-9091/9/10/185 |
| _version_ | 1797513237248344064 |
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| author | Marta Ostrowska |
| author_facet | Marta Ostrowska |
| author_sort | Marta Ostrowska |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-10T06:13:51Z |
| format | Article |
| id | doaj.art-f0b7e7abcbf54f31b35b0672d4966cfa |
| institution | Directory Open Access Journal |
| issn | 2227-9091 |
| language | English |
| last_indexed | 2024-03-10T06:13:51Z |
| publishDate | 2021-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj.art-f0b7e7abcbf54f31b35b0672d4966cfa2023-11-22T19:56:01ZengMDPI AGRisks2227-90912021-10-0191018510.3390/risks9100185Regulation of InsurTech: Is the Principle of Proportionality an Answer?Marta Ostrowska0The PRICL Project Group, Faculty of Law, University of Zurich, Rämistrasse 74, CH-8001 Zürich, SwitzerlandIn 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.https://www.mdpi.com/2227-9091/9/10/185principle of proportionalityInsurTechpeer-to-peerInsurance Distribution DirectiveSolvency II Directiveinsurance distributors |
| spellingShingle | Marta Ostrowska Regulation of InsurTech: Is the Principle of Proportionality an Answer? Risks principle of proportionality InsurTech peer-to-peer Insurance Distribution Directive Solvency II Directive insurance distributors |
| title | Regulation of InsurTech: Is the Principle of Proportionality an Answer? |
| title_full | Regulation of InsurTech: Is the Principle of Proportionality an Answer? |
| title_fullStr | Regulation of InsurTech: Is the Principle of Proportionality an Answer? |
| title_full_unstemmed | Regulation of InsurTech: Is the Principle of Proportionality an Answer? |
| title_short | Regulation of InsurTech: Is the Principle of Proportionality an Answer? |
| title_sort | regulation of insurtech is the principle of proportionality an answer |
| topic | principle of proportionality InsurTech peer-to-peer Insurance Distribution Directive Solvency II Directive insurance distributors |
| url | https://www.mdpi.com/2227-9091/9/10/185 |
| work_keys_str_mv | AT martaostrowska regulationofinsurtechistheprincipleofproportionalityananswer |