European insurance refers to the system of risk management and financial protection available to individuals and businesses across Europe. It encompasses various types of coverage, including health insurance, auto insurance, and property insurance, designed to safeguard against potential losses or damages. Each country within Europe has its own regulations and insurance providers, contributing to a diverse market. The European insurance market is characterized by a mix of traditional insurers and newer, tech-driven companies. Many insurers operate under the guidelines set by the European Insurance and Occupational Pensions Authority (EIOPA), which aims to ensure consumer protection and promote stability within the industry.