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The primary objective of the IUA’s Digital Risk Working Party
is to demystify the issue of digital risk. It aims to encourage a
transfer of information between IT managers and underwriters and alert
insurers to their own potential exposure to digital risks. The group has
investigated what constitutes a digital risk, why organisations insure
against them, what elements are insurable and the precautions necessary
to avoid ‘hack attacks’, viruses and other such risks.
The Digital Risk Working Party welcomes comments and suggestions for
research topics and future seminar events. Click here to email your ideas
to the group's secretary.
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| News |
16.8.10: Protection of consumers' confidential data
16 August 2010
Circular 080/10: The protection of personal insurance and other sensitive data is important for companies for reputation, regulatory and financial reasons. This Circular gives high level guidance on the sorts of issues that should be considered when implementing systems and controls to protect customer data.
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30.4.08: EU Sector Inquiry – Coinsurance (Subscription) Market Practices
30 April 2008
Further to the comments raised by DG Comp on premium alignment in its Sector Inquiry, the attached Principles in respect of the placement of coinsurance business by intermediaries have now been agreed and endorsed by national Associations in the EU. Members are strongly encouraged to adopt these Principles during their business practices.
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