EU Insurers Push For Tailored Cybersecurity Rules

Law360, London (March 16, 2020, 9:29 PM GMT) -- European insurers on Monday pushed back against proposals from the bloc’s insurance watchdog addressing cybersecurity concerns, saying the new rules should not adopt a one-size-fits-all approach.

Insurance Europe, a trade body representing the sector, published its responses to proposed new guidelines from the European Insurance and Occupational Pensions Authority on how the insurance industry should approach cybersecurity.

The body said the guidelines are "overly prescriptive in some areas" and said the watchdog should "take a more principle-based approach."

The proposed guidelines require companies to identify any areas where they are vulnerable to cyberattacks, only allow certain individuals to access IT systems...

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