- Insurance providers are at the bottom of the list for contacting their customers about the coronavirus pandemic says Consumer Intelligence
- Reinsurers take a measured approach to April renewals says Willis Re
- CII supports the FCA stating how managers should identify who is able to work from home
- COVID-19 and low oil prices could weaken the credit quality of some insurers in the Gulf Cooperation Council (GCC) says S&P Global Ratings
- Juniper Research study indicates number of IoT(Internet of Things) connections will reach 83 billion by 2024, rising from 35 billion connections in 2020
- esure founder Sir Peter Wood to step down as Chairman-to be succeeded by Andy Haste
- Guidewire positive on increased cyber threats expired
- ICISA members call for a coordinated approach to support schemes across the European Union to meet the demands of COVID-19 pandemic expired
- Catalina completes acquisition of Singapore-based Asia Capital Reinsurance Group (ACR) expired
- SCOR/Channel appoints Coulson as senior underwriter on the political and credit risks team expired
- Willis Re appoints Rumball as Head of Speciality–North America expired
- Xenia completes acquisition of the trade credit business of Howden UK Group expired
25th March 2020
Insurance Europe publish response to a consultation by the European Data Protection Board(EDPB) on draft guidelines for processing personal data related to connected vehicles
Insurance Europe has published its response to a consultation by the European Data Protection Board(EDPB) on draft guidelines for processing personal data related to connected vehicles and mobility related applications, where it called for several clarifications to be made.
The draft guidelines should be revised to fully recognise the equal footing of all legal bases under the GDPR that allow insurers to access and process data from connected vehicles, so that they can continue to provide telematics-based insurance products. Moreover, the draft guidelines should be adjusted to reflect a better understanding of how insurance telematics works in practice.
Finally, the draft guidelines should show a more flexible approach to insurer’s access to raw data to enable them to provide innovative telematics products that customers demand. For example, the draft guidelines should acknowledge that an insurer needs access to at least one identifier to know which policyholder they are dealing with, so they can deliver the right service and charge the correct individual.
Insurance Europe Trends(220 articles)