O inițiativă a Autorității de Supraveghere Financiară
InsurTech – technology-enabled innovation in insurance that could result in new business models, applications, processes or products with an associated material effect on the provision of insurance products and services
InsurTech firms – have an insurance license (e.g. insurance undertaking licensed under Solvency II, insurance agent and broker licensed under IDD and undertakings covered by national licence) as well as those which do not have an insurance license (e.g. those collaborating with incumbents in the developement of innovative solutions)
Start-ups – firms which have been granted an insurance license within the last 5 years, which commonly are SMEs and count with innovative digital business models. The latter may also include small autonomous subsidiaries that form part of larger insurance groups.
Incumbent companies – entities that are not start-ups.
Peer-to-peer (P2P) insurance – risk sharing digital network or platform where a group of individuals with mutual interests or similar risk profiles pool their “premiums” together to insure against a risk/to share the risk among them, and where profits are commonly redistributed at the end of the year in case of good claims experience.
Motor insurance – Insurance obligations which cover all liabilities arising out of the use of motor vehicles operating on land (including carrier’s liability) and Insurance obligations which cover all damage to or loss of land vehicles (including railway rolling stock).
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