Netherlands, Germany and UK record most GDPR breach notices

Netherlands, Germany and UK record most GDPR breach notices

Netherlands, Germany and UK record most GDPR breach notices

More than 59,000 personal data breaches have been reported across Europe since the introduction of the General Data Protection Regulation (GDPR), with the Netherlands, Germany and UK most affected, according to new analysis from DLA Piper. Despite this, only 91 GDPR fines have been imposed, but the law firm expects higher numbers in 2019. DLA Piper said the number and…

Consumers see viruses and insurers as weak points in fight against cyber risk

Consumers see viruses and insurers as weak points in fight against cyber risk

Consumers see viruses and insurers as weak points in fight against cyber risk

Insurers are less trusted by consumers than banks and credit card companies to protect against cyber risk, according to a new survey from Europ Assistance conducted by LEXIS. In Europe, 62% of respondents trusted insurers in the fight against cybercrime, behind credit card providers at 65% and banks at 71%. Across all European countries surveyed – Italy, France, Spain, Switzerland,…

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley has appointed two financial lines underwriters for continental Europe. Based in Barcelona, Francisco Alcaide joins Beazley from Hiscox where he worked in Spain as senior underwriter in the professional risks team. Mr Alcaide will launch Beazley’s e-trading platform, MyBeazley, for specialty products in Spain. Alexander van Nierop will also be based in Barcelona and joins Beazley from Aon in…

The insurer’s view–HDI Spain

The insurer’s view–HDI Spain

The insurer’s view–HDI Spain

Juan Aznar Gáldiz, managing director of HDI Global, Spain, shared his thoughts on this year’s European Risk Frontiers Survey with Adrian Ladbury. Adrian Ladbury (AL): Will the corporate insurance market in Spain harden this year? Is there adequate capacity for customers’ risks? In which areas do you see demand for more capacity? Juan Aznar Gáldiz [JG]: Spain is a very…

Clarity, consistency and certainty key to claims success

Clarity, consistency and certainty key to claims success

Clarity, consistency and certainty key to claims success

Claims is a hot topic in Spain following IGREA’s publication of its claims charter. Adrian Ladbury asked José Ramon Morales – country manager Iberia, insurance at insurance at XL Catlin, AXA XL, a division of AXA – how he believes claims could, and should, be more efficiently and professionally handled in today’s complex global market. AL: What is your strategy…

Beazley extends cyber risk management portal to European clients

Beazley extends cyber risk management portal to European clients

Beazley extends cyber risk management portal to European clients

Beazley is rolling out its cyber and breach-response portal, previously available for US clients, to policyholders in the UK, France, Spain and Italy. Beazley’s client portal provides policyholders with risk management information and mitigation tools – including training materials, incident response planning and risk assessment options – to help firms prepare for a cyber incident or data breach. Clients can…

The new European Regulation on drones and its implementation into the Spanish legal system

The new European Regulation on drones and its implementation into the Spanish legal system

The new European Regulation on drones and its implementation into the Spanish legal system

Unmanned aircraft systems (UAS), or drones, are a growth area within the aviation sector, poised to generate significant economic growth and social benefits. As reported in Commercial Risk Africa and Commercial Risk Asia last month, the term UAS includes a wide variety of aircraft, from very large aircraft similar in size and complexity to manned aircraft, to small consumer aircraft.…

New tax for environmental policies in Spain

New tax for environmental policies in Spain

New tax for environmental policies in Spain

Spain is introducing a new tax for environmental policies, according to insurance premium tax specialists Impendulo. The new tax, representing 8% of the premiums of the policies, is applicable from 1 November 2018. The first declaration is on 20 December 2018. According to Impendulo, this will need to be reported to the Consorcio de Compensación de Seguros with the following…

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