GDPR a real concern for brokers
Brokers urged to implement change now or risk heavy fines.
Brokers have been told to set up a task force to deal with the impending EU General Data Protection Regulation (GDPR), as any wrong-doing could be disastrous.
This comment, from Ian Hughes, chief executive of Consumer Intelligence, comes after he warned that home and motor insurers could face a £100m bill due to GDPR if they do not get explicit permission from historic customers to store their information.
Speaking to Insurance Age, he said brokers needed to start preparing for the GDPR change
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