NIS-2, DORA and CRA form the regulatory framework in the EU to ensure the security and resilience of digital technologies and to safeguard technological progress in the long term. They also affect cooperation between insurers and ICT service providers: cyber security and resilience are becoming a task to be solved in partnership.
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The introduction of SaaS into the core systems of property insurers is a significant step toward digitalization and increased efficiency. Despite numerous challenges in integration and modernization, many insurers see SaaS as the sustainable solution for meeting the growing demands of the market.
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New reporting requirements for insurers and IT service providers – Part 2: An overview of significant European regulations (CRA, NIS-2, AI Act) and relevant regulatory developments in Switzerland.
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