Feedback Statement on blockchain and smart contracts in insurance

On 29 April 2021, EIOPA launched a public consultation on a ‘Discussion paper on blockchain and smart contracts in insurance’ with the aim of providing a high-level overview of risks and benefits of blockchain and smart contracts in insurance from a supervisory perspective as well as to gather feedback from stakeholders.

EIOPA received responses from the industry, national and European industry associations, technology providers and academia.

A high-level summary of the responses received can be found in this feedback statement, together with EIOPA reactions. The full list of all the non-confidential comments provided can be found on EIOPA’s website.

EIOPA will consider the feedback in its on-going and future work on digitalisation, subject to prioritisation and EIOPA's work programme.