Information Law in the Insurance Sector - DAC Beachcroft
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Information Law in the Insurance Sector

The insurance sector is powered by the flow of data. Whilst it may have been slow to realise the potential of that data, we now see our insurance sector clients leading the way with initiatives such as underwriting powered by artificial intelligence and automated claims settlement and partnerships with InsurTechs.

Within our Data Protection, Cyber and Information Law practice, we have a specialist group which is dedicated to advising clients in the insurance industry. We are trusted advisers to clients across the sector including (re)insurers, brokers, MGAs and industry bodies including the Association of British Insurers. Our position as the market leading legal advisers for data protection advice to the insurance industry means that we are able to provide our advice on risk in the context of the market practice.

The majority of our lawyers have spent considerable time on secondment with our insurance sector clients and this means that they have a thorough and practical understanding of the industry’s complexities and data flows.

Examples of recent insurance industry matters that we have been instructed on include:

  • advising on data protection issues arising out of the use of aggregators in the distribution chain;
  • leading a series of complex data protection impact assessments for an insurer regarding the use of personal data for pricing, claims handling and fraud detection; and
  • advising on industry data sharing initiatives to tackle insurance fraud.

What we do

We provide a one stop solution for our clients' data protection advice needs, drawing on the experience and expertise of our regulatory, IT and insurance distribution colleagues. From drafting advice and opinions, conducting privacy impact assessments and audits, and advising on global data processing projects, to advising on data protection clauses in your contracts, our advice is focussed and takes into account the market practice and specific challenges of the insurance sector.
We are also the first choice law firm for insurers who indemnify data protection and cyber risks. We advise on both policy wordings and coverage. For further information on this please see here.

What we are known for

Our market-leading dedicated insurance sector data protection team deals with queries and projects for our unrivalled insurance client base on a daily basis. Our clients instruct us, knowing that our vast industry knowledge and awareness of market practice means we will provide a pragmatic solution in line with legal and regulatory requirements.

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