Digitalization and new technologies have revolutionised the insurance industry. To operate with legal certainty in such a complex legal and technological environment, having insurtech lawyers close at hand is essential.

Lawyers with experience in the insurtech sector and legal advisors to selected companies in the Spanish financial sandbox

Developments in the insurance industry and the new insurtech sector

The term “insurtech” refers to the use of technology in the insurance industry and therefore encompasses any insurance activity supported by technology. The most commonly used technologies include artificial intelligence, big data, the internet of things, asymmetric cryptography and blockchain, among other.

With the correct application of these technologies, it is possible to reduce costs in customer acquisition thanks to automation, to offer more personalised and tailor-made products and services, to facilitate remote contracting, etc. In this way, it is possible to better meet the expectations of customers and guarantee them access to relevant information in a constant, immediate and simpler way.

In addition, the use of technologies in the insurance sector can have a significant legal impact. For example, insurance companies are already using electronic identification technologies for remote registration of new users. The use of these technologies will have to ensure that KYC (Know-Your-Customer) processes are respected in order to comply with anti-money laundering and counter-terrorist financing regulations.

This is why being able to rely on a team of lawyers specialised in the insurtech sector is essential to address the processes of digital transformation and technological innovation in insurers and insurance intermediaries, while complying with all legal requirements.

What services do we offer at Algoritmo Legal as insurtech lawyers?

  • Advice and accompaniment of insurtech companies for their admission to the Spanish financial sandbox regulated by Law 7/2020, of 13 November.
  • Drafting of documents and completion of formalities with the Directorate General of Insurance and Pension Funds.
  • Legal advice to technology operators providing support and complementary services to companies in the insurance sector.
  • Drafting death insurance policies, etc.
  • Carrying out legal-technological algorithmic audits for neo-insurers, insurance comparators and other insurtech companies using credit scoring systems, rating algorithms or other artificial intelligence. The objective is to ensure that the use of such technology is carried out in accordance with the European Commission’s Ethical Guidelines for trustworthy artificial intelligence.
  • Drafting terms and conditions of use for websites, platforms and apps.
  • Legal advice on compliance with due diligence and other obligations on the prevention of money laundering and the financing of terrorism.
  • Elaboration of compliance plans for the prevention of money laundering and personal data protection.
  • Legal advice on digital transformation projects in the insurance industry.

Case studies

  • We have been the lawyers and legal advisors to the well-known insurtech startups Tuilli and Cobertoo during their application and admission to the Spanish financial sandbox.


  • If you are looking for a lawyer specializing in preventing and solving legal problems related to startups, venture capital, private equity, innovation, internet, artificial intelligence and blockchain, we can help you.
  • If you would like us to call you, include your country calling code. For example: +49 91122233.
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