From the Blog
Articles & Insights
Analysis and commentary on financial innovation, regulation, AI, Open Finance, and SupTech.
30 January 2025 · 3 min read
The EU Competitiveness Compass: What It Means for Insurance and InsurTech
The European Commission has published the EU Competitiveness Compass, a major initiative providing a strategic and clear framework to steer the Commission's work. While insurance is not explicitly mentioned, this does not mean the Competitiveness Compass will have no effect on the sector. Let’s take a deep dive. A Strategic Vision for Europe's Future The Competitiveness Compass sets out a path for Europe to become the global hub where future technologies, services, and clean products are inve
21 January 2025 · 2 min read
3 newly established European Commission Commissioners' Project Groups important for finance and innovation
On January 7, 2025, the European Commission announced the creation of several new Commissioners' Project Groups. These groups represent a collaborative approach within the Commission, designed to address complex, cross-cutting issues more effectively. While their establishment is not unprecedented—the first such groups, then called "project teams," were introduced under Jean-Claude Juncker’s presidency—they continue to play a crucial role in advancing the Commission's strategic priorities. Im
20 December 2024 · 4 min read
Shaping the Future: How Europe's New Policy Cycle Impacts InsurTech
With the European Commission’s new leadership in place, this post reflects on the previous policy cycle’s impact on InsurTech. Explore how initiatives like DORA, the AI Act, and the European Data Strategy shaped the industry and what the future holds for innovation and regulation in insurance.
5 December 2024 · 2 min read
EU Member States Reach Agreement on Financial Data Access Framework (FIDA): Key Open Insurance Insights
Discover how the EU’s new Framework for Financial Data Access (FIDA) will shape open finance and insurance, with key implications for the industry.
19 November 2024 · 1 min read
Atomico’s State of European Tech Report 2024 and FinTech
The 10th-anniversary edition of Atomico’s State of European Tech 2024 report has been released, offering a data-driven analysis of the trends, challenges, and opportunities that have shaped European tech over the past decade. This landmark edition provides valuable insights into the current state of the ecosystem and outlines what is needed to fully unlock its potential. In this article, I highlight key findings from the report, particularly those related to insurance, FinTech, and regulation.
17 November 2024 · 2 min read
6 Key Recommendations from the UK Treasury to the Financial Conduct Authority (FCA)
UK Financial Services and Markets Act 2000 requires the Treasury, at least once in each Parliament, to make recommendations to the FCA about aspects of the government’s economic policy to which the FCA should have regard when advancing its objectives and discharging its duties. The latest recommendation was published on 14 November 2024, and, among other points, it highlights the importance of supporting innovation. The recommendations highlights that the FCA should have regard to the governme
15 November 2024 · 4 min read
Computable Contracts: Transforming Consumer Protection and Supervision in Insurance
Insurance is complex. The overall complexity of insurance products makes it difficult for consumers to understand the differences between them, their features, and their associated risks. Consumer trust in financial and insurance services is low compared to other markets. The supervisory and regulatory toolbox to address this complexity includes tools such as disclosures, product design and development rules, consumer journey design principles, and product standardization (e.g., the "simple or
15 November 2024 · 6 min read
Designing for Trust: Consumer-Friendly Choice Architecture in Insurance
Insurance is complex The inherent complexity of insurance products makes it difficult for consumers to understand their differences, features, and associated risks. Trust in financial and insurance services remains low compared to other markets, with consumers often perceiving insurance as a "necessary evil." Traditionally, disclosures have been viewed as a tool to address complexity and build trust, operating on the premise that correcting information asymmetries enables consumers to make opt
14 November 2024 · 2 min read
Unlocking the Potential of the EU Digital Identity Wallet: Implications for Insurance and Beyond
The European Digital Identity Framework amends the eIDAS regulation (Regulation (EU) No 910/2014), with the goal of creating a unified approach to electronic identification that functions across all Member States. The EU Digital Identity Wallet seeks to enhance the way citizens and businesses securely identify and authenticate themselves online, strengthening trust in cross-border services by providing a unified, secure, and user-friendly digital identity solution across the EU. It will be ava