Data is the new gold: The risks and rewards of data protection compliance in insurance

This session will explore what the rewards, risks and consequences of data protection compliance are within the insurance industry. 

As part of our 'Insurance Academy' series our Insurance Team invites you to attend a webinar exploring the rewards, risks and consequences of data protection compliance within the insurance industry. The agenda for the webinar and the names of our speakers can be found below. 

The 'Insurance Academy' provides training on a broad range of legal and regulatory issues to lawyers and others at our life and general (insurance and reinsurance) clients. It provides both an introduction (or, for some, a refresher) into the legal framework in which insurance companies operate and a deeper dive into some topical issues. There will be an opportunity to ask questions during each session.

Agenda

• What are the rewards of getting data protection compliance right?
  • Use cases in insurance
• What are the consequences of getting it wrong? 
  • Regulator fines
  • Data subject claims
  • Reputational damage/ damage to the customer relationship
• What do you need to do to get it right? 
  • A refresher of the key data protection concepts
  • International transfers of personal data (Brexit and Schrems II)
  • Data sharing/ insurance transactions (procurement, distribution and derisking)