Travelers’ Mark Crane urges brokers to take action ahead of GDPR
Crane said failing to follow the rules exposes brokers to "significant risks", including reputational damages and fines.
Mark Crane, technology practice lead at Travelers Europe, has warned brokers of the dangers of not taking the incoming General Data Protection Regulation (GDPR) seriously.
Crane told Insurance Age that failing to comply with the new rules, which come into force in May 2018, can expose brokers to “significant risks, from reputational damage to a fine of up to €20m (£17.9m)”.
“Not following the new rules can put their brokerages and the personal data they collect in jeopardy,” he added.
Prepara
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop