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Insurance companies handle their customers’ most sensitive information. This requires a degree of trust from the customers. However, consumer trust is not the only motivation for insurance companies to ensure proper data protection policies are in place: Government regulations also require it.
Sensitive information isn’t the only regulated aspect of the insurance industry. Many companies have branched out and started offering services previously available only from financial institutions.
An inability to properly protect these transactions and the resulting data puts insurance companies at risk of violating regulatory guidelines.
We’ve put together an ebook that looks into the regulations facing the insurance industry and what you need to do to remain in accordance with them.