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EU General Data Protection Regulation: The path to compliance

Consented usage of EU citizen's personal data is central to GDPR. In the Insurance industry, consent hasn't been collected for all personal data types - affecting both customers and employees - may be inconsistent across data types and systems, may not have time stamps, or may not exist at all. In addition, a 72-hour data breach notification rule requires a near real-time reporting capability built on a highly secure data management platform.

For example, when considering the "Lawfulness of processing" article 6 (https://www.privacy-regulation.eu/en/), Insurers must be able to prove that they had consent to process the personal data they hold about EU nationals - customers and employees. This necessitates a comprehensive audit of personal data consent status and a different approach to data governance.

In this whitepaper, we outline the key data challenges related to GDPR, provide a data readiness checklist, and review how a multi-model technology can help you address these challenges, expediting your compliance journey.