category european-union 
IBM Big Data Hub
FEBRUARY 23, 2024
The General Data Protection Regulation (GDPR), the European Union’s landmark data privacy law, took effect in 2018. The GDPR applies to any organization that processes the personal data of European residents, regardless of where that organization is based. Irish regulators hit Meta with a EUR 1.2 billion fine in 2023.
Data Matters
SEPTEMBER 20, 2021
Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers. 71, and an amendment to the purposes and procedures manual to add instructions for review of funds.
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Data Protection Report
JUNE 29, 2018
For companies that have implemented a compliance plan for European Union data subjects under the EU General Data Protection Regulation (“GDPR”), this law means many of the similar protections will now need to be extended to California residents. Expanded definition of “personal information.” Private actions.
Data Protection Report
JUNE 29, 2018
For companies that have implemented a compliance plan for European Union data subjects under the EU General Data Protection Regulation (“GDPR”), this law means many of the similar protections will now need to be extended to California residents. Expanded Definition of “Personal Information.” Private Actions.
Data Matters
SEPTEMBER 3, 2020
The Annuity Suitability Working Group (ASWG) led the NAIC’s multi-year efforts to develop revisions to the Suitability in Annuity Transactions Model Regulation (SAT) to incorporate a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. Proposed revisions to SSAP No.
Data Matters
DECEMBER 20, 2019
The draft revisions include a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. Industry expressed a preliminary concern that certain GCC elements conflict with state risk-based capital requirements and suggested that the GCC be revised to conform with such requirements.
Data Matters
DECEMBER 20, 2019
The draft revisions include a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. Industry expressed a preliminary concern that certain GCC elements conflict with state risk-based capital requirements and suggested that the GCC be revised to conform with such requirements.
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