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The General Data Protection Regulation (GDPR): Impact for Insurers

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19 June 2017
Nicolas Michellod

The GDPR was designed to protect and empower all EU citizens’ data privacy and to reshape the way organizations approach data privacy.

Key research questions

  • What is the GDPR?
  • What will be the major impact of the GDPR on European insurers?
  • What do European insurers need to do to adapt to the GDPR?

Abstract

The General Data Protection Regulation was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens’ data privacy, and to reshape the way organizations across the region approach data privacy. The GDPR will come into force in May 2018.

For a majority of insurers, regulation — and more precisely consumer data protection regulation (interpretation, changes, and lack of clarity) — is the major concern when they use using consumer personal data that is publicly available on social networks or on other online data sources.

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