Discussion paper on blockchain and smart contracts in insurance

The aim of the paper is to provide 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.

The feedback is welcome to all parts of discussion paper covering blockchain, smart contract and crypto assets use cases in insurance, related risks and benefits and regulatory barriers as well as possible European approach to blockchain and smart contracts in insurance. EIOPA will assess the feedback to better understand and address blockchain developments in the insurance sector as well as the risks and benefits related to them.

Please send your comments to EIOPA by 29 July 2021 by responding to the questions in the survey below.