A fork in the InsurTech road? BaFin's measures disappoint, whilst EIOPA's proposals offer hope | Dentons
The German Federal Financial Supervisory Authority ( BaFin) recently published its stringent new requirements 1 for InsuranceTechs seeking authorization from the German regulator. 2 The news comes after a tumultuous year for InsuranceTechs in Germany and indeed worldwide, with investment plummeting in Q1 of 2020 3 before reaching a record high of US$7.1 billion by the end of the year. 4 Meanwhile, the European Insurance and Occupational Pensions Authority ( EIOPA) published a consultation paper on open insurance from a pan-European perspective. 5 This consultation gives hope there could be a...
Source: jdsupra.com