Data protection rules could hinder fight against fraudΠαρασκευή, 24 Οκτωβρίου 2014 22:47
The EU Data Protection Regulation currently being discussed by the EU institutions has the potential to hinder the fight against insurance fraud.
The rights to be forgotten and to withdraw consent would prohibit companies from processing people’s personal data.
This could make it impossible for insurers to identify potential insurance fraudsters, because they will no longer be able to identify the volume and type of claims a person has made in the past. In order to avoid this, EU institutions should consider caveats that allow insurers to retain and process the data in certain circumstances.