What is the role of insurance regulators in dealing with consumer data protection risks arising from increased data availability and usage?

The objective of this research study is to define data-related risks within inclusive insurance, exploring arising consumer protection issues and generating practical insights on how regulators can deal with emerging risks. Insurance regulators are often ill-equipped to understand and deal with the range of emerging risks. This study aims to unpack and define the different data-related risks within inclusive insurance, explore the consumer protection issues that arise, consult supervisors from different regions on their experiences and approaches in this regard, and generate practical insights to inform guidance to regulators on how to deal with these emerging risks. This note should be considered as the research team's initial findings. They will be augmented and adjusted through additional research and interviews.