Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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European insurers face consent requirement ‘patchwork’ under GDPR

  • Laura Board 13 March 2018
  • Insurers are hoping that the pan-European data protection advisory body will intervene to safeguard the sector's ability to handle sensitive consumer data across the bloc after the General Data Protection Regulation (GDPR) takes effect.

    From 25 May GDPR will significantly bolster EU residents' rights over how their data is handled and introduce heavy fines of the greater of up to EUR20mn ($24.6mn), or 4 percent of a company's global turnover, for firms that break the rules.

    But as member states...

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