Azerbaijani PASHA Insurance Touches On Ensuring Reliable Protection Of Customer Data
Date
6/21/2024 5:20:44 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 21. Azerbaijan's PASHA
Insurance has several levels of protection, ensuring reliable
protection of customer data, Head of the Medical Agile Team at
PASHA Insurance OJSC Murad Mammadzade said, Trend
reports.
He made the remark during a panel discussion themed "Health
Insurance in the Post-Pandemic Era" on the second day of the
Azerbaijan International Insurance Forum 2024 (AIIF-2024) today in
Baku.
"Even the legislative framework requires insurance companies,
including PASHA Insurance, to comply with a number of requirements,
such as storing data in other regions. Thus, there are multiple
layers of protection, ensuring the reliable security of our
clients' data. This is a very sensitive issue, especially when it
comes to health data.
Legal consequences often hinder or slow down digital
transformation, posing challenges for governments in utilizing such
data, particularly health data. For instance, GDPR [General Data
Protection Regulation] on a global scale and other similar
regulatory acts help facilitate this process. However, with each
technological advancement, certain risks associated with the use of
this data emerge," he pointed out.
To note, the first day of the forum was held on June 20.
The first day of the forum, organized with the strategic support
of the Central Bank of Azerbaijan (CBA) and the Compulsory
Insurance Bureau, the Association of Insurers of Azerbaijan, and
'Xprimm' International Company, featured speeches by CBA Governor
Taleh Kazimov, Agriculture Minister Majnun Mammadov, Chairman of
the State Agency for Mandatory Medical Insurance Zaur Aliyev, and
other government officials.
The two-day forum is also featuring panel discussions on topics
relevant to the local and global insurance markets, such as motor
and health insurance, as well as the role of insurance in climate
risk management.
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