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Insurance Europe criticises data protection regulations for imposing barriers

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Published on: 28 January 2020

Published by LNB News

LNB News 28/01/2020

Document Information

Issue Date: 28 January 2020

Published Date: 28 January 2020

Jurisdiction(s): United Kingdom

Article summary

The head of conduct of business at Insurance Europe, William Vidonja, has highlighted the inadequacies of the General Data Protection Regulation (EU) 2016/679 (GDPR) in relation to insurers. According to Vidonja, the lack of harmonised application between Member States creates legal uncertainty for insurers—notably for the processing of health data. He also criticised the GDPR for its inability to be flexible in a digital age, where insurers often rely on digital innovation, such as in the use of blockchain technology. Vidonja therefore noted that further work still needs to be done to provide a friendly regulatory framework for insurers.

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