IMPORTANCE OF DATA SECURITY FOR INSURANCE AGENCIES AND BROKERS (1)

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An insurance intermediary’s most valuable asset is customer data. So the agents and brokers have to be very careful about data processing and protection.

Why is data security very important?

  • To keep the sustainability and profit of the business
  • To keep the reputation through customers / stakeholders and to prevent the possible data losing or breaching problems
  • Data owners have obligations according to law 6698 P.D.P.A. and some other regulations

Insurance intermediaries are collecting, working, sharing and keeping various general and private personal data as part of their business. Because of that they have some responsibilities.

Agencies and brokers must analyse their structure to maintain data safety for keeping their business sustainability and complying the obligations. Then according to the detections they should take necessity actions

Thus, they could exist their business without interruptions and protect themselves against the judicial / administrative penalties.

For further information please send an email to [email protected]

Rıza OYGUR

June 2022