Big Data

AIG Research Finds New GDPR Rules May Cause Spike in Cyber Claims

AIG Europe research found that a further surge in data breach and other security failure insurance claims is expected after the EU General Data Protection Regulations (GDPR) come into force this week. A record breaking year […]

Insurance Regulation

GDPR Act Gets Rubber Stamp from UK Government

The latest news from the Association of British Insurers: The Data Protection Act, which received Royal Assent today, overhauls how businesses and other organisations process and handle customer data. The Act implements the EU General Data […]

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 […]

InsureTech

The Disruptors: Penny Searles from Smart Driver Club

The Disruptors is a series of features looking at new ideas within insurance, and talking to the movers and shakers bringing them to market. Car insurance is undergoing a rapid transformation. People are no longer […]

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 […]