Majority of brokers say GDPR will have negative impact
Research by Ecclesiastical also shows lack of knowledge in the broker sector about the incoming legislation.
Over half (59%) of brokers don’t know enough about the forthcoming General Data Protection Regulation (GDPR), according to a survey by Ecclesiastical.
The survey further revealed that the majority of brokers (70%) thought that the GDPR will not be of benefit to their business and 77% believed it would have a negative impact.
Ecclesiastical stated that business efficiency, profitability, growth and customer relationships were areas of concern for brokers.
In addition, brokers who believed the
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