Name
Global FinTech Guide
Country Name
Global Overview

The global overview provides a quick comparison of legal and economic considerations for every participating country. To read more in-depth country specific information for each area, please select a country from the list.

SectionTitle
InsurTech
Body
InsurTech is composed of the words "insurance" and "technology". It is used as a collective term for the application of modern technologies in the domain of insurance services.

Digital and mobile brokers: FinTechs belonging to this category mostly act as digital insurance brokers and provide users with an overview of their insurance contracts with their respective conditions. Some FinTechs offer very short-term insurance contracts to cover specific cases which can be concluded often spontaneously via mobile devices. Oftentimes additional consulting services are offered.

Internet of things: FinTechs belonging to this category collect data by measuring for example the driving style of the customers or through customer wearables to consult on, offer and/or manage the customer’s insurances.
 
CountryDonation Based CrowdfundingReward Based CrowdfundingCrowdinvestingCrowdlending
Albanianononono
Argentinanonoregulation; license requiredno
Australianonoregulation; license requiredregulation; license required
Austrianonoregulationregulation
Bosnia and Herzegovinanononono
Canadanonoregulation; license requiredregulation; license required
Chilenononono
Chinaregulation; license requirednoregulationregulation; license required
Colombianonoregulation; license requiredregulation; license required
Costa Ricalicense requiredlicense requiredlicense requiredlicense required
Croatiaregulation; license requirednoregulation; license requiredregulation; license required
Czech Republicnonoregulation; license requiredregulation; license required
Egyptnononono
Franceregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Germanynononono
Hong Kongnononono
Hungarynonoregulation; license requiredregulation; license required
Irelandnononoregulation; license required
Italynonoregulation; license requiredregulation; license required
Korea, Republic ofnonoregulation; license requiredregulation; license required
Malaysianonoregulation; license requiredregulation; license required
Mexicoregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Montenegronononono
New Zealandnonoregulation; license requiredregulation; license required
North Macedonianononono
Perunoregulation; license requiredregulation; license requiredregulation; license required
Philippinesnonoregulation; license requiredregulation; license required
Polandnonoregulation; license requiredregulation; license required
Portugalregulationregulationregulation; license requiredregulation; license required
Romanianonoregulation; license requiredregulation; license required
Serbianononono
Slovenianonoregulation; license requiredregulation; license required
Spainnoregulation; license requiredregulation; license requiredregulation; license required
Switzerlandnonoregulation; license requiredregulation; license required
Thailandnonoregulation; license requiredregulation; license required
Turkeynonoregulation; license requiredregulation; license required
United Kingdomnonoregulation; license requiredregulation; license required
United Rep of Tanzanianononono
United Statesnonoregulation; license requiredregulation
Uruguaynonolicense requiredno
Question Text
Regulation of InsurTech-services and requirement of a license
CountryAnswer Text
Albanian/a2166Albania
Argentinaregulation; license required2511Argentina
Australiaregulation; license required2181Australia
Austriaregulation; license required2676Austria
Bosnia and Herzegovinaregulation; license required2196Bosnia and Herzegovina
Canadaregulation; license required2151Canada
Chileregulation; license required2241Chile
Chinaregulation; license required2256China
Colombiaregulation; license required2271Colombia
Costa Ricaregulation2286Costa Rica
Croatiano2301Croatia
Czech Republicregulation; license required2811Czech Republic
Egyptregulation; license required2316Egypt
Franceregulation; license required2721France
Germanyregulation; license required2212Germany
Hong Kongno2736Hong Kong
Hungaryregulation; license required2346Hungary
Irelandno2691Ireland
Italyregulation; license required2331Italy
Korea, Republic ofregulation; license required2361Korea, Republic of
Malaysiaregulation; license required2661Malaysia
Mexicono2631Mexico
Montenegroregulation; license required2376Montenegro
New Zealandregulation; license required2391New Zealand
North Macedoniaregulation; license required2436North Macedonia
Peruregulation; license required2421Peru
Philippinesregulation2406Philippines
Polandregulation2481Poland
Portugalregulation; license required2496Portugal
Romaniano2796Romania
Serbiaregulation; license required2466Serbia
Sloveniaregulation; license required2526Slovenia
Spainregulation; license required2541Spain
Switzerlandregulation; license required2706Switzerland
Thailandregulation; license required2556Thailand
Turkeylicense required2751Turkey
United Kingdomregulation; license required2781United Kingdom
United Rep of Tanzaniaregulation; license required2766United Rep of Tanzania
United Statesregulation; license required2586United States
Uruguayno2571Uruguay
Question Text
Difficulty of upholding compliance with the regulation regarding InsurTech-services
CountryAnswer Text
Albanian/a2166Albania
Argentinahard2511Argentina
Australiaaverage2181Australia
Austriahard2676Austria
Bosnia and Herzegovinaaverage2196Bosnia and Herzegovina
Canadaaverage2151Canada
Chilehard2241Chile
Chinahard2256China
Colombiaaverage2271Colombia
Costa Ricahard2286Costa Rica
Croatian/a2301Croatia
Czech Republichard2811Czech Republic
Egyptaverage2316Egypt
Franceaverage2721France
Germanyhard2212Germany
Hong Kongaverage2736Hong Kong
Hungaryaverage2346Hungary
Irelandaverage2691Ireland
Italyaverage2331Italy
Korea, Republic ofeasy2361Korea, Republic of
Malaysiahard2661Malaysia
Mexicoaverage2631Mexico
Montenegroaverage2376Montenegro
New Zealandaverage2391New Zealand
North Macedoniahard2436North Macedonia
Peruaverage2421Peru
Philippinesaverage2406Philippines
Polandaverage2481Poland
Portugaleasy2496Portugal
Romaniaaverage2796Romania
Serbiaaverage2466Serbia
Sloveniahard2526Slovenia
Spainhard2541Spain
Switzerlandaverage2706Switzerland
Thailandhard2556Thailand
Turkeyaverage2751Turkey
United Kingdomaverage2781United Kingdom
United Rep of Tanzaniaaverage2766United Rep of Tanzania
United Stateshard2586United States
Uruguayeasy2571Uruguay
Question Text
Level of competition regarding InsurTech-services
CountryAnswer Text
Albanian/a2166Albania
Argentinaaverage2511Argentina
Australialow2181Australia
Austriaaverage2676Austria
Bosnia and Herzegovinan/a2196Bosnia and Herzegovina
Canadaaverage2151Canada
Chileaverage2241Chile
Chinaaverage2256China
Colombiaaverage2271Colombia
Costa Ricalow2286Costa Rica
Croatian/a2301Croatia
Czech Republiclow2811Czech Republic
Egypthigh2316Egypt
Francehigh2721France
Germanyaverage2212Germany
Hong Kongaverage2736Hong Kong
Hungarylow2346Hungary
Irelandlow2691Ireland
Italyaverage2331Italy
Korea, Republic ofaverage2361Korea, Republic of
Malaysialow2661Malaysia
Mexicohigh2631Mexico
Montenegroaverage2376Montenegro
New Zealandhigh2391New Zealand
North Macedoniahigh2436North Macedonia
Perulow2421Peru
Philippinesn/a2406Philippines
Polandaverage2481Poland
Portugalaverage2496Portugal
Romanialow2796Romania
Serbiaaverage2466Serbia
Sloveniaaverage2526Slovenia
Spainhigh2541Spain
Switzerlandaverage2706Switzerland
Thailandaverage2556Thailand
Turkeyaverage2751Turkey
United Kingdomhigh2781United Kingdom
United Rep of Tanzanialow2766United Rep of Tanzania
United Stateshigh2586United States
Uruguaylow2571Uruguay

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