Big Data

GDPR Clock is Ticking Says Beazley International – Fines Could Hit Hard

Raf Sanchez, Beazley International Breach Response Service Manager, comments ahead of the introduction of GDPR on 25 May: “Regulators and individuals are on the cusp of acquiring enhanced tools to hold organisations to account for poor […]

Big Data

SAS Survey Finds Insurance Sector Expects IFRS 17 To Increase Costs

Compliance is a very dull word – even duller than accountancy – but it gets interesting when any changes to the way insurers carry out day-to-day  business fundamentally changes. Usually that means extra costs, retraining […]

Household Insurance

Legal News: Online Underwriting Design Flaws Could Cost Insurers Millions

Some interesting case news from Clyde & Co; The way in which online underwriting platforms are designed and operated can have a major impact on an insurer’s ability to defend itself in court, global law […]

Fraud

Digital Intel Will Help Managers With Compliance Issues

A new ‘digital intelligence’ service is helping banks and financial institutions to meet the challenges of the new Senior Manager regime. The service from London-based tech company Neotas provides a way for employers to evidence […]

Big Data

Allianz Receive Approval for Global Data Handling Policy

Allianz Group recently received approval of its Binding Corporate Rules from the EU-mandated Bavarian Data Protection Authority, BayLDA. Binding Corporate Rules or “BCRs” were developed by the European Union to allow multinational corporations to make […]

Insurance Regulation

RAC Rapped by FCA Over Renewals Compliance – Are We At a Turning Point?

The RAC has been reprimanded by FCA, (Financial Conduct Authority) over its failure to make previous breakdown costs prominent and crystal clear, when inviting customers to compare prices, and then take up insurance and breakdown […]