GDPR Data processing modelStudy of the specific needs of each potential policyholder in order to propose suitable contracts

By: Deleted user

PrivateInsurance

This processing model relates to the study of the specific needs of each potential insured in order to offer suitable contracts in the insurance sector

Purposes (1)

A purpose is the objective pursued by the setting up of your file. It indicates what the processing of personal data will be used for, its purpose. This purpose must be clear and understandable

Offer suitable contracts as part of the insurance distributor's obligation to provide advice

This involves studying the needs of potential policyholders, at their request, as part of the insurance distributor's obligation to provide advice. This obligation requires, on the one hand, specifying the requirements and needs of the prospective policyholder, and on the other hand, the reasons justifying the advice given for a given insurance product. In life insurance, the data controller must also ask the prospective policyholder about his or her financial situation and investment objectives, as well as his or her knowledge and experience in financial matters.

Contract

Data categories (2)

Personal data is any information relating to an identified or identifiable natural person. A natural person can be identified either directly (eg surname and first name) or indirectly (eg phone number, social security number, email or postal address, but also voice or image)

Identification data of insured/claimant

Data details

Emailrequired

Telephone numberrequired

Postal Addressrequired

First namerequired

Last name

required

Data conservation rules

Active base:

Active database: Duration of the contract.

Intermediate archiving:

Up to 6 years after last contact, in line with UK Limitation Act 1980 (standard limitation for contract/tort).

Aligns with UK limitation periods for contractual and tort claims. consistent with UK limitation rules.

Destruction

Economic, asset and financial data

Data details

Balances and credit taken out (amount and duration, name of lending institution) in the case of order financing by creditrequired

Financial assetsrequired

Outstandings and indebtednessrequired

Proof of economic activity, resources or assetsrequired

Origin, valuation and composition of the assets and funds involvedrequired

Data relating to working liferequired

Marital status

required

Incomerequired

Employment datarequired

Data conservation rules

Active base:

For underwriting and contract performance.

Intermediate archiving:

Up to 6 years after last contact.

Destruction

Data subject (1)

A data subject is any person whose data is collected, retained or processed by the data processing. e.g. In a recruitement process, any candidate for a position proposed in recruitement management process

Prospects

Author:

Deleted user

Created at:07/08/2023

Updated on:00/01/1970

Nb using:4