CII calls for new approach to vulnerability data sharing

Many firms displaying “excessive caution”

Jaskeet Briah
clock • 2 min read

The Chartered Insurance Institute (CII) has called for vulnerability data to be shared across the insurance and personal finance distribution chain to meet Financial Conduct Authority (FCA) requirements.

The industry body has released a report summarising a roundtable held in May around "unlocking outcomes". This report included calls for a shift from compliance-focused approaches to outcome-driven data sharing, detailing a need for "common standards" and "an ecosystem that promotes sharing data to create customer value". According to the CII, there are widespread misconceptions about GDPR compliance, which are addressed in the report, with many firms displaying "excessive caution". The body said that explicit consent is not always required, adding that "legitimate interest" and "s...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

IPT haul up to £6.8bn in FY25/26

IPT haul up to £6.8bn in FY25/26

£43m collected in December

Cameron Roberts
clock 22 January 2026 • 2 min read
IHT receipts rise £200m in first nine months of tax year

IHT receipts rise £200m in first nine months of tax year

Treasury recorded £6.6bn from estates

Jenna Brown
clock 22 January 2026 • 3 min read
6,600 young people partake in CII and PFS virtual work experience

6,600 young people partake in CII and PFS virtual work experience

2,300 engaged with the insurance programme

Jaskeet Briah
clock 21 January 2026 • 1 min read