OLDWICK, N.J.–(BUSINESS WIRE)–In this A.M.BestTV episode, Alvise Argenton, senior financial
analyst, A.M. Best, said analysts are examining how insurers are
responding to the new General Data Protection Regulation (GDPR) as a
component of assessing an organization’s risk management activities.
Click on http://www.ambest.com/v.asp?v=gdpr718
to view the entire program.
“I think there are two main categories that companies have identified as
challenging,” said Argenton. “The first one is the legal and operational
complexities of being compliant with the GDPR and the second is the
72-hour incident response requirement.”
Argenton also highlighted how some companies are seeking external
advisers to overcome these complexities, and in some countries, he said
companies are collaborating with local authorities that provide them
with GDPR assistance.
Additionally, Argenton spoke about how A.M. Best considers GDPR
compliance during the rating process.
“Among the four pillars that A.M. Best looks at in its rating
…
