Published: 13 November 2017
The European Union's General Data Protection Regulation (GDPR) is considered the most important legislation regarding personal data protection, globally. Coming into full force on May 25, 2018 after a two-year transition period, GDPR introduces several provisions that are distinctly more stringent than the preceding Directive 95/46/EC. While meant to be industry-agnostic, GDPR has a profound impact on the insurance industry.
This whitepaper touches upon some of the more far-reaching challenges that GDPR poses for insurers before highlighting the opportunities presented, such as the increasing need for cyber cover.
• Challenges related to personal data, pricing and underwriting.
• Implications for fraud prevention.
• Automated decision making.
• The rights of data subjects.
• Opportunities for insurers to improve performance and win customer trust.
• The emergence of cyber risk cover.
Rating: + 12
Managing Deductibles and Programmes | 14 November 2017| White Paper
Business Performance Management | 09 November 2017| White Paper
Technology Trends | 07 November 2017| White Paper
© Incisive Insurance Information (IP) Limited 2017, Published by Incisive Insurance Information Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 9245293 & 9245298.