GDPR Compliance for Insurance

My Data Solution : Expert in RGPD Insurance compliance

Protect your customers' sensitive data with My Data Solution

The RGPD is crucial in the insurance sector due to the sensitive nature of the personal data processed, the use of profiling and automated decision-making, cross-border data flows and obligations to protect the rights of third parties involved. RGPD compliance requires insurers to carry out rigorous risk analysis, implement advanced security measures and responsibly manage the confidentiality of customer data.

My Data Solution is a partner of Planète CSCA

The GDPR (General Data Protection Regulation) is no joke when it comes to the confidentiality and security of personal data. Works councils have specific obligations to comply with this regulation. In this article, we'll take a humorous and detailed look at the main obligations a works council faces when it comes to GDPR compliance.

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RGPD insurance compliance

Why is RGPD compliance crucial for the Insurance sector?

Protect your company's sensitive data with the RGPD

Compliance with the General Data Protection Regulation (GDPR) is crucial for the Insurance sector for several important reasons:
The RGPD requires insurance companies to carry out a Data Protection Impact Assessment (PIA) when data processing operations present a high risk to the rights and freedoms of data subjects. In the insurance sector, which processes sensitive and delicate data, many processing operations are likely to require a DIA, forcing insurers to rigorously assess the risks associated with their data processing activities.
The insurance industry often uses profiling and automated decision-making techniques to assess policyholders' risks. The RGPD imposes strict rules on transparency, the right to information and redress for those affected by such automated decisions. Insurers must therefore be aware of these obligations and put mechanisms in place to ensure fair and transparent decision-making.
The insurance sector can involve cross-border data flows, where customers' personal data is transferred between different countries. The GDPR requires these data transfers to comply with appropriate transfer mechanisms, such as Standard Contractual Clauses or Binding Corporate Rules (BCR), to ensure an adequate level of data protection abroad.
Insurers process data not only from customers, but also from third parties involved in insurance contracts. The RGPD requires insurers to take into account the rights and interests of third parties when processing their personal data, which implies complex and ethical management of this information.
The RGPD emphasizes the need for advanced security measures to protect personal data. In the insurance sector, where the confidentiality of financial and medical information is paramount, insurers must adopt high security standards to ensure that customer data is protected.
The RGPD makes insurers responsible for the processing of personal data carried out by their subcontractors. Insurers must therefore ensure that they select RGPD-compliant subcontractors and draw up appropriate contracts to guarantee the security and confidentiality of data processed by these third parties.
GDPR Compliance - Insurance
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Why choose My Data Solution?

A team of RGPD experts in the insurance sector

GDPR Compliance for Insurance

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Excel in compliance with our external DPO service

GDPR compliance should not be a constraint for your organization, but an opportunity to demonstrate your commitment to data security. Our external DPO service is designed to optimize the compliance process, providing our expertise to ensure the protection of your personal data. As a result, you can concentrate on your core business, while benefiting from the increased confidence of your customers and partners.

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Statistics and highlights

Cyber attacks

In 2021, cyber-attackers have not spared the French insurance industry. That's right, AprilVerlingueAssurOneStelliant, the MNH (Mutuelle Nationale des Hospitaliers)MMA or even Axa through its subsidiary Axa Partners in Asia are as many players in the French insurance sector to have been the target of a cyber attack in 2021. Far from being isolated acts, the Anozr Way ransomware barometer 2021 reveals that this is indeed a hacker strategy targeting French companies.

CNIL control

In 2021, the CNIL imposed a fine of 20 million euros to the French insurance company Plan for breach of the General Data Protection Regulation (GDPR). The CNIL found that Prévoir had not taken sufficient security measures to protect its customers' personal data.

GDPR Compliance for Insurance

What we do for you

With My Data SolutionWhatever the size of your company, you can deploy RGPD compliance across all your support functions and business services affected by this regulation.

Draw up a complete inventory of personal data collected, processed and stored by the company. Identify data sources, processing purposes, recipients and retention periods.
Update the company's privacy policies to make them RGPD-compliant. This involves providing transparent information on the collection, processing and use of personal data.
Obtaining Consent: Ensure that customer consent is obtained clearly and specifically for each data processing purpose. Implement mechanisms to collect, record and manage consent in an RGPD-compliant manner.
Implement internal procedures to respond effectively to requests for access, rectification, erasure, portability and opposition from data subjects concerning their personal data.
Reinforce data security measures to protect personal information against unauthorized access, loss or data leakage. This may include pseudonymization, encryption and limiting access to sensitive data.
Ensure that all subcontractors who process personal data on behalf of the company also comply with the requirements of the GDPR. Establish data processing agreements (DPAs) with subcontractors.
Raise awareness and train company staff in the principles and obligations of the RGPD. Ensure that all employees understand the importance of personal data protection.
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Our professions / our RGPD offers for players in the insurance sector

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My Data Solution supports you in your GDPR compliance to ensure efficiency and sustainability

RGPD insurance compliance

How do we make the security of your company's data a strategic focus of our support?

Protect your company's sensitive data with the RGPD

Data security is our top priority. We adopt best security practices to protect data against leakage, loss and hacking. We use encryption technologies to protect data during storage and transmission, and implement backup procedures to ensure data availability in the event of an incident. We also carry out regular audits to ensure compliance with the highest security standards.
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How do we ensure regulatory compliance for our customers in the insurance sector?

Our commitment to data security

We carefully monitor the latest updates and regulatory requirements to ensure that our customers are always compliant with the GDPR and other data protection laws and regulations related to the insurance industry. We help you prepare for controls and respond to inquiries from regulatory authorities. We also keep abreast of new technologies and best practices to offer constantly evolving compliance in line with the strategic challenges facing the insurance sector, such as: automating simple tasks (thanks to AI), accelerating the use of connected objects, increasing the volume of data available and managed.

FAQ RGPD INSURANCE

Frequently asked questions about insurance

RGPD, or General Data Protection Regulation, is a European Union regulation aimed at strengthening the protection of European citizens' personal data. In the insurance sector, this means that companies must process policyholders' data lawfully, fairly and transparently, and obtain their consent for the collection and processing of their data.
The RGPD covers all policyholders' personal data, including financial, medical, demographic and any other information that directly or indirectly identifies a person.
The RGPD grants policyholders several rights regarding their personal data. This includes the right to access their data, to rectify it if it is inaccurate, to delete it in certain circumstances, to limit its processing, to object to its processing, as well as the right to data portability.
Insurance companies must obtain explicit and specific consent from policyholders before collecting and processing their personal data. Consent must be given freely and in an informed manner, and policyholders must be informed of the purpose for which their data will be processed.
Insurance companies must implement appropriate security measures to protect policyholders' personal data from loss, alteration, disclosure or unauthorized access. This may include pseudonymizing and encrypting data, as well as implementing robust security policies and procedures.
In the event of non-compliance with the RGPD, insurance companies face significant financial penalties, up to 4 % of their worldwide annual sales or 20 million euros, whichever is higher.
To comply with the RGPD, insurance companies must carry out an audit of their data collection and processing processes, implement data protection policies, train their staff on good data protection practices and establish mechanisms to respond to policyholders' queries about their rights to their personal data.
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