Internship report

Abstract

This internship report provides an in depth analysis of the integration of InsurTech within the European insurance distribution framework. It examines the challenges and opportunities associated with InsurTech and proposes a principle of proportionality based approach to regulation. The report is structured into three chapters, starting with an overview of the regulatory landscape and the positive impacts of InsurTech , along with challenges such as data protection and regulatory harmonization. The second chapter focuses on the principle of proportionality and argues for its application in InsurTech regulation. It discusses the need for technology agnostic regulations and explores the benefits and risks of a new regulatory framework tailored for InsurTech The third chapter adopts a cross sectoral perspective, highlighting the interconnected nature of InsurTech with finance, technology, and data privacy. It emphasizes collaboration and innovation as key factors in addressing regulatory challenges. ThThis internship report concludes by advocating for a proportionality based approach to InsurTech regulation, which balances objectives and rights while fostering innovation and ensuring consumer protection.