InsurTech4Good Weekly Newsletter – #10, 2025

Once again, here are the key InsurTech policy and regulatory developments that caught my attention last week—and there were quite a few!

Hope you enjoy the read!

Andres

International Women’s Day

The first post is related to International Women’s Day. Progress toward gender equality remains far too slow, with structural discrimination still deeply embedded in our societies—including in insurance and financial services. The pay gap, pensions gap, and VC investment gap are just a few examples.

If we want to see real change, we all need to do our part and accelerate action.

I’ve gathered some recent readings under my LinkedIn post that you may find useful.

These include the European Commission’s roadmap for women’s rights and its annual report, insights on women in fintech, practical tools, and supervisory perspectives. Hope you find it useful!

Read more here. 

AI Applications in Web3 SupTech and RegTech: A Regulatory Perspective

The digital realm is undergoing a transformation with the rise of Web3 technologies and virtual assets. 

By leveraging distributed ledgers and smart contracts, these innovations drive decentralization, enhance transparency, and reduce reliance on intermediaries, shaping Decentralized Finance (DeFi). 

However, rapid adoption also introduces risks, highlighted by high-profile failures and systemic vulnerabilities.

This whitepaper examines how AI-driven regulatory technologies can enhance compliance monitoring and risk management.

Read more here. 

What Makes Fintech Grow?

What makes FinTech grow? Why do some countries have more financial innovation than others? Aren’t these the questions we all want to know the answer to..? 

This paper uses comprehensive dataset to investigate the emergence and spread of fintech in a diverse panel of 98 countries over the period 2012–2020. 

This empirical analysis helps ascertain economic, demographic, technological and institutional factors that enable the development of fintech.

Read more here. 

Promoting the Sound Utilization of AI in the Financial Sector

Financial Services Agency Japan (FSA) has released an AI Discussion Paper, "Preliminary Discussion Points for Promoting the Sound Utilization of AI in the Financial Sector." 

It highlights the transformative potential of AI, particularly generative AI, in enhancing efficiency and convenience across industries, including finance and insurance. 

However, it also acknowledges emerging risks such as misuse, misinformation, and regulatory concerns. 

To balance innovation with risk management, the FSA aims to foster dialogue with financial institutions and support responsible AI adoption, emphasizing both customer benefits and long-term industry resilience.

Read more here. 

Artificial intelligence in finance: how to trust a black box?

This newly published report by Finance Watch argues that the use of AI in financial services conflicts with the core principles underlying decision-making in finance and financial regulation—accountability, responsibility, and transparency.

The report calls on policymakers to reassess the regulatory framework to ensure the protection of consumer interests and safeguard financial stability.

More concretely, the report proposes that the European Commission should:

1. Expand the scope of the AI Act to cover all financial services.
2. Reintroduce the AI Liability Directive proposed in 2022 and withdrawn in 2025. The directive would establish a clear liability regime that holds providers of AI-powered services accountable for damages caused by outputs of AI systems.
3. Evaluate the legal and technical potential for financial supervisors to enforce existing EU regulation for AI-powered financial services.
4. Conduct a gap analysis identifying necessary updates to existing financial regulations, as well as amend the relevant legislative texts to ensure investor, consumer, and societal protections in an AI-driven financial sector.

Read more here.

Frequently Asked Questions on the European Health Data Space

How the European Health Data Space (EHDS) is designed to benefit all EU citizens, including patients, healthcare professionals, researchers, policymakers, and industry players?

Patients

1. Fast and free access over their own electronic health data
2. Easy sharing of health data with health professionals, including across borders
3. More control over their own electronic health data: possibility to add personal health information, restrict access to specific parts of their record or to specific persons, view who accessed their data, ask for corrections if errors are foundrights to view health data in a standard European format. (EEHRxF).
4. Security and privacy protections by default.
5. Opt out rights from secondary use of their own electronic health data.

Health professionals

1. Faster and easier access to patient’s health records across different healthcare providers and countries.
2. Easier access to health records from different systems, significantly reducing the administrative burden.

Researchers

1. Access to large-scale health data for scientific.
2. A clear and structured system to discover what data is available, where it is located, and its quality.
3. More cost-efficient access to high-quality health data.

Regulators and policymakers

1. Easier, more transparent and cost-effective access to electronic health data for the public health monitoring, improved healthcare systems efficiency and ensured patient safety.

Industry and innovators

1. Thanks to standardisation, there is easier access to new markets for electronic health records in different Member States.
2. Greater availability of anonymized and pseudonymized electronic health data, enabling its use for applied research and innovation. 

Read more here. 

Microinsurance

Did you know that despite strong growth in microinsurance, 9 out of 10 people globally remain unprotected from rising risks—including climate change, health crises, disasters, conflict, and nature loss?

This is one of the findings from the newly published Landscape of Microinsurance 2024 report. 

It highlights that insurers, policymakers, and development agencies must expand access, enhance affordability and gender inclusivity, drive long-term market sustainability, and close the protection gap.

The report provides the most comprehensive analysis of global microinsurance markets, drawing on data from 294 insurers across 37 countries in Africa, Latin America & the Caribbean, and Asia & the Pacific region. 

It covers 985 microinsurance products offered in 2023.

Other Key Findings from The Landscape of Microinsurance 2024 Report:

1. Significant market growth: Microinsurance coverage has increased by 70% across 37 countries in the past three years, with a 50% rise in premiums collected since 2021.
2. Climate risk coverage expands: 112 products offer climate-related protection, reaching 42 million people.
3. Huge potential market: The market for microinsurance in the 37 countries included in this study is estimated at almost 3 billion people, representing approximately USD 41 billion in microinsurance premiums.
4. Protection gap remains a challenge: Only 12% of the estimated 3 billion people who could benefit from microinsurance are currently covered.
5. Gender-inclusive insurance needs improvement: While 48% of microinsurance policyholders are women, better gender-disaggregated data is required to tailor products effectively.
6. The role of subsidies: For the first time in the Landscape study, data was collected on premium subsidies, revealing their central role in agriculture insurance, where 58% of products receive some subsidy. This underscores the opportunity for subsidies to accelerate the development of other product lines, such as property and income insurance.

Read more here. 

Thank you!

Thanks for reading! If you need help with regulatory strategy, InsurTech research, thought leadership, or policy advisory, feel free to reach out on LinkedIn or via email.