InsurTech Center

Home

Instant Insights / Cybersecurity Insights

Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.

Commentary

Time for insurers to be smarter about privacy

Here are four steps carriers can make to capitalize on a wider variety of data sources for their own benefit as well as the benefit of consumers.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

There are at least seven additional types of privacy concerns for insurers. (Source: Deloitte’s modified Eight Types of Privacy, based on the work of Finn R.L., Wright D., Friedewald M., “Seven Types of Privacy,” 2013)

It’s no wonder most insurers default to defensive mode whenever privacy issues are raised.

Carriers are understandably preoccupied with cybersecurity rules to protect customer data, as well as compliance with a growing number of regulations designed to give people more control over the collection and use of their personal information, such as the California law going into effect this January.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
Educational webcasts, resources from industry leaders, and informative newsletters.
Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account? Sign In Now

Dig Deeper

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events