From: Reinsurance News
Author: Marianne Lehnis
Insurance Europe said the European Commission should ensure regulation is future proof and technology neutral after a recent consultation on Fintech appears to have left the commission poised to tackle unjustified obstacles to digital innovation.
The European re/insurance federation emphasized that regulation should be “technology neutral,” – focused on activity, not technology, to ensure consumers can reap the full benefits of top-of-the-line advances while being effectively protected regardless of service provider.
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