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The Impact of the GDPR

commercial-insurance-profile-april-2018

On 25th May, the General Data Protection Regulation (GDPR) will come into effect, which doesn’t leave your organisation much time to educate itself on all the forthcoming changes. The GDPR expands the rights of individuals and their personal data, and places greater obligations on businesses that process that data.

You may not realise it, but your organisation most likely handles some kind of personal data, whether it belongs to your customers or your employees. To ensure you remain compliant, understand that personal data includes the following, according to the European Commission:

  • Name and surname
  • Identification card number
  • Home and email address
  • Location data (such as geolocator used by certain apps)
  • Online identifier (such as a username)
  • Medical information

Essentially, if it can be used to identify a person, the data counts as personal data. If you’re in doubt, treat the data as personal data. Also, don’t forget that under the GDPR, individuals have the following rights:

  • The right to be informed: Organisations must be transparent about how they use personal data.
  • The right of access: Individuals have the right to access their personal data.
  • The right to rectification: Individuals have the right to have their personal data rectified (for example, if it’s inaccurate or incomplete).
  • The right to erasure: Individuals have the ‘right to be forgotten’ – meaning, they have the right to have their data deleted.
  • The right to restrict processing: Individuals have the right to block or suppress processing of personal data.
  • The right to data portability: Individuals have the right to obtain and reuse their personal for their own purposes across different services.
  • The right to object: Individuals have the right to object to processing of their personal data.
  • Rights in relation to automated decision-making and profiling.

For more information on how your organisation can be GDPR compliant, contact GS Group today, and to access further commercial insurance articles, click below:

Commercial Insurance Profile April 2018