Safe Harbour and the Impact on Insurers

The European Commission is engaged in talks with the US Federal Administration regarding reform of the safe harbour regime. The two critical aspects of the negotiations are:

  • allowing EU data subjects, who are not resident in the US, to enforce regulations in the US courts; and
  • ending indiscriminate mass surveillance of non-US residents

Mass surveillance of EU citizens is a “red line” issue that could stall any agreement.  Whatever the outcome of the current round of talks between the EU and the US, we can expect greater regulatory burdens on US companies and multinationals engaged in cross border data transfers.  Read more.