This Insurance Europe's response to the European Insurance and Occupational Pensions Authority's stakeholder survey on insurtech, which will feed into its work on mapping supervisory approaches to insurtech and identifying possible regulatory barriers to financial innovation.

Insurance Europe stressed that regulation and supervision should be activity-based to ensure that customers have the same level of protection, regardless of whether they purchase insurance products from established insurers or from new market entrants. New market entrants should therefore be brought within existing regulation, with no need for any additional, specific regulation.