Search
 

InsurTech Center

Analysis

Insurers with EU clients face workflow challenges under GDPR

European homebuyers who insure their properties through U.S. companies could require those businesses to upgrade their data protection efforts beginning in May of this year.

By John Barchie | Updated on February 23, 2018

The number of foreign nationals purchasing property in the United State surged in the 12 months between March 2016 and March 2017, according to the National Association of Realtors. The Association said foreigners bought 284,455 properties, about a third more than a year earlier. And, similar to previous years, a larger percentage of buyers, especially in states like Florida and Arizona, were European citizens.

European homebuyers who insure their properties through U.S. companies could require those businesses to upgrade their data protection efforts beginning in May of this year.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.