A 2017 study by the UK’s Information Commissioner’s Office found that only 20% of the UK public had trust and confidence in the companies storing their personal information. This article highlights the latest developments surrounding data privacy and some key considerations for cyber underwriters.
As high-profile, large-scale data breaches hit the headlines more and more regularly, the question of ‘cyber trust’ is becoming a key concern for increasingly discerning citizens. This blog post highlights why insurers must guard their customers' data wisely to maintain their trust.
Designed for brokers, this short article explores the common themes and pitfalls of the General Data Protection Regulation (GDPR) implementation and highlights some key areas that require continual attention.
This report sets out the key findings of the FCA’s thematic work on the pricing practices of household insurance firms. It then details our expectations of firms and our next steps.
IFRS 17 represents the most significant change in financial reporting for decades, but what does it mean for the insurance industry? This report sheds light on the insurance industry’s sentiment towards the IFRS 17 regulation and the steps organisations are taking to achieve compliance.
Signed into law on June 28, 2018, the California Consumer Privacy Act of 2018 (CCPA) has become the toughest privacy law ever seen in the US. This article highlights how CCPA is poised to impact every industry and reshape what businesses can do with consumer data.
The Senior Managers and Certification Regime will affect all firms in some way, no matter what sector or size. As we are now over half way through 2018 and the SMCR regime begins next year, this article highlights what brokers need to be doing now to prepare.
With GDPR now in full effect, business must lay out a clear plan to progress from their current privacy level to the desired compliance level, a task requiring immediate attention. This guide focuses on the next steps businesses can take to ensure compliance and good data practices in the long run.
The Data Security or Data Protection Officer is an increasingly vital role within the insurance sector, especially following the implementation of GDPR. This short guide highlights how Optal’s Virtual Account Numbers (VANs) can be used by insurers to mitigate the risks of a data breach occurring.
With accountability as the new principle, GDPR requires that organisations not only comply in a sustainable manner but also demonstrate compliance on an ongoing basis. EXL's infographic highlights the steps you can take to achieve and demonstrate compliance both today and in the future.