According to the Italian Data Protection Authority (the Garante), a bank that distributes insurance policies is a data processor under the GDPR rather than a data controller.
There is no doubt that there are enormous potentials for the insurance sector to exploit blockchain, but like any new technology, it will also lead to further legal risks.
The GDPR obliges to put in place stringent tools to monitor the privacy compliance of your suppliers, agents and shops to avoid liabilities and damages.
The digitalization of businesses might find a major help thanks to new Italian regulations considerably lightening the requirements applicable to electronic signatures.
The cyber-attack suffered by Hacking Teamย revealed unexpected vulnerabilities of systems with considerable consequences for businesses whose cyber risk strategy shall be reassessed.
