Insurers Tell Brussels Of Struggle To Meet GDPR Demands
Law360, London (April 11, 2019, 12:59 PM BST) -- Europe’s insurers said Thursday they are struggling to update their computer systems to comply with the General Data Protection Regulation and fear that the rigorous regime could undermine innovation and hinder cross-border business.
Insurance Europe, the voice of the industry, has raised concerns with the European Commission about the data protection rules in a response to a consultation by the European Union’s executive arm.
Insurers are finding it difficult to ensure they automatically delete personal data in line with the requirements of the directive, the lobby group warned. Many are struggling to classify the companies that they work with under the...
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