Insurance Europe response to a consultation by the European Commission on Data Governance Act. Insurance Europe welcomed the overall objective of creating a single market for data, where data from public bodies, business and citizens can be used safely and fairly for the common good.
For insurers, a greater availability of data could lead to improved
risk monitoring and assessment, better customer experiences and
increased fraud detection. The more data that is available for the
common good, the better the digital solutions and analytical models can
be.
Insurance Europe also welcomed the acknowledgement by the Commission
that sector-specific legislation can add new and complementary elements
to this data framework, such as the envisaged legislation on the
European health data space and on access to vehicle data.
At the same time, the insurance industry supports the overall
approach set out in the Commission’s data strategy, which recognises
that sector-specific legislation on data-sharing should only be
introduced where there are identified market failures; the focus should
otherwise be on strengthening the conditions for data collaboration and
data partnerships.
There should also be greater clarity regarding the nature of the data
sharing services that fall within the scope of the proposed Regulation.
While the Commission’s proposals offer some important clarifications in
this regard, this could be made more explicit through the provision of
concrete examples.
The proposed rules also need to be designed in a way that fully
complies with all data protection requirements, and that ensures that
data subjects remain fully in control of their data and can freely
choose between different providers.
Full Response
Insurance Europe
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