EU Privacy Reform Could Hamper Innovation, Insurers Warn
Law360, London (January 14, 2019, 12:19 PM GMT) -- European Commission proposals to reform the bloc’s electronic privacy laws are “unclear” and will create “legal uncertainty,” Europe’s insurers said on Monday, as they warned that the regulation could limit the ability of insurance companies to offer innovative policies to their customers.
Insurance Europe, a lobby group, called on the commission to scrutinize its proposed "e-privacy" regulation to ensure that it does not prevent insurers from storing and processing data that allows them to offer tailored insurance policies based on telematics. These products use a "black box" device fitted to the policyholders' car that monitors their driving ability.
“Insurance Europe is concerned...
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