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The impact of GDPR on the insurance industry and the fight against fraud

The European Union General Data Protection Regulation [GDPR] is due to come into force in May 2018. The Information Commissioner's Office [ICO] is to be responsible for enforcing the GDPR in the UK, acting as the regulator, and is in talks with the government and the insurance industry around compliance issues.

This article aims to explain how the GDPR will impact on the insurance industry and the key challenges in fighting fraud once the regime comes into force in May 2018.

Topics covered:
• Rules and impacts of the GDPR.
• The fight against fraud.
• Rules concerning the right to data erasure.
• When a request for erasure can be rejected.
• The increasing importance of ID verification.