GDPR - The ICO have already handed out over £300M in fines - Are you safe?

The General Data Protection Regulation (GDPR) which is now part of the new Data Protection Act 2018 is having wide ramifications for all firms within the insurance sector and society as a whole.

This presentation is a plain English look at how to be GDPR compliant. It is delivered very much from an insurance sector perspective, with relevant insurance examples provided throughout.

The ICO have come out all guns blazing with eye watering fines for BA and Marriott totalling nearly £300m. How compliant is your business? Find out what the ICO have been doing for the past twelve months and what they are now saying about GDPR.

The presentation also looks at how the regulators are interpreting this act and some of the cases that have occurred since the introduction of GDPR. GDPR has two risks. One is being non-compliant and incurring a fine, the other is over restricting your marketing practices and suffocating your business. Many companies have unnecessarily restricted their business activities due to the wrong interpretation of GDPR. This presentation gives examples of how to be compliant but still successfully contact customers.

The presentation content is appropriate for all members. Underwriters, Claims staff, IFA’s. Loss Adjusters and anyone else who holds client data.

At the end of the talk, participants will be able to:

• Understand the background to GDPR.
• Understand how the ICO and other EU regulators have been interpreting GDPR since its launch last year
• Explain what the impact is on customers and firms and the risks associated with GDPR.
• Understand how to successfully contact customers whilst still keeping within GDPR requirements.

Please note that this event will be held in the Noel Cantwell Suite which is located in the South Stand of the Weston Homes Stadium. Due to limited parking near the South Stand entrance, we recommend that you park near the Main Reception and walk around the Stadium to access the venue.