Cyber Security Supervision in the Insurance Sector: Smart Contracts and Chosen Issues

Abstract

There are still many open issues and questions concerning the supervision and the legal and regulatory assessment of cyber security issues in the insurance sector, especially regarding smart insurance contracts and similar issues. In the present case the focus shall be on the underlying legal framework in the European Union and in Switzerland, including the most relevant ordinances and circulars as well as public and private guidelines, followed by an outlook and some general ideas how Brexit could potentially have an impact on the general recognition and acceptation of smart contracts within the legal and regulatory framework and the society in general.