Data privacy rules

Companies with websites are working through privacy requirements and to be web compliant.

By facilitating access to rich, unstructured data in real-time, technology is paving the way for insurers to employ greater personalization and become customer-centric. It can drive tremendous growth opportunities as well as cost and operational efficiencies by promoting wellbeing and prevention services.

Not only is digital technology changing but so is the regulatory landscape. Some U.S. states have passed laws that will lead the insurance industry to take a fresh look at technology such as Bluetooth and navigation because they capture significant amounts of personal information from drivers and occupants.

In other news: Algorithm calculates number of good health years; Hiro rebrands to Locket; Alliant launches diversity initiative.

Helping insurers to use new and emerging sources of data to streamline or improve operations and processes, reduce costs, and boost efficiency.

Departments of Motor Vehicles across the United States have been selling personal information to thousands of companies, including insurance agencies, towing companies and even private investigators.

The regulation will impact the national and global economy, representing a seismic change for compliance procedures in the US, similar to how GDPR has changed privacy rules globally.

The Digital Footprint service is designed to identify, secure, and control personal data.

IBM allegedly used location data for targeted advertising and to identify trends for hedge funds, while telling consumers their location would only be used to localize forecasts.

Finding critical data in a sea of company data can feel daunting. Start by creating a data inventory to help identify potential 'data hotspots,' recommends Matthew Nelson.

In late June, California passed A.B. 375, the California Consumer Privacy Act of 2018, a sweeping piece of legislation that, on its face, grants California residents data privacy rights that have never before been granted in the United States.

Cybersecurity regulation for carriers in the US is turning into a many-sizes, many-models scenario, with overlapping and variable regulatory requirements.

Insurance is a data business, and a marquee piece of legislation impacting data ownership and portability is likely to impact the sector greatly.

Consumers are increasingly concerned that companies are amassing enormous amounts of information about their activities and using it in unethical ways.