The systematic collection and treatment of large amounts of (private) digital data is transforming the insurance industry, raising new legal issues for policymakers.
From health to car insurance, euractiv.com provides an overview of the challenges and regulatory initiatives at European level.
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EU considers new insurance laws for driverless cars
The European Commission is trying to figure out whether insurance laws should be changed to cover crashes caused by driverless cars. With no human in control of the cars, insurance companies are already rethinking who will be liable for the new technology.
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Insurance exec: Big data allows better understanding of risk
The insurance industry is adjusting its offers on health, cars, the sharing economy and other services because of the growing amount of personal data becoming available.
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Severe floods highlight climate change challenge for insurers and EU
The threat of extreme weather caused by climate change and the challenges it can pose to EU citizens and insurers were highlighted again last week by the floods in France, which killed four and cost millions.
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‘Sharing economy’ turns to insurers for risk protection
The success of sharing economy firms offers new opportunities to insurers who see Uber drivers and Airbnb flat owners as a potential source of revenue. But setting up a safe environment for digital platforms, contractors, and users remains a challenge.
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New EU digital laws could boost specialised cybersecurity insurance
Newly passed EU laws on data protection and cybersecurity could be a boon for insurance companies, which are set to pick up more clients once the rules go into effect in 2018.
