EU Insurers Say Cyber Rules Shouldn't Be Extended To Sector

Law360, London (October 5, 2020, 3:38 PM BST) -- An insurance trade body warned Monday that the European Union's plans to include the sector within the scope of cybersecurity regulation would lead to "duplication and regulatory overload."

Insurance Europe said the sector was already bound by existing guidelines from the European Insurance and Occupational Pensions Authority, as well as the forthcoming Digital Operational Resilience Act.

It was responding to a consultation from the European Commission on an extension of the Directive on Security of Network and Information Systems to encompass the insurance industry.

The NIS directive establishes a framework for national governments to coordinate on questions of cybersecurity, as well...

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