Malaysia: Insurers adopt personal data protection code
Source: Asia Insurance Review | Apr 2017
Three insurance bodies have launched a Code of Practice on Personal Data Protection Act (PDPA), which aims to boost consumer confidence in the integrity of the insurance and takaful industry.
The code is an initiative of the Life Insurance Association of Malaysia (LIAM), General Insurance Association of Malaysia (PIAM) and Malaysian Takaful Association (MTA). It sets up strict procedures to safeguard the use of personal data in life and general insurance and takaful, reported Bernama.
LIAM President Toi See Jong said under the PDPA, the consumer’s data would be properly capped, accurate and protected. “Previously, the insurance companies individually applied the code of practice, but now we consolidate and put in together to ensure it is a consistent practice by industry players.”
The associations worked closely for almost one year to produce the Code, so that all the players will have the same practices, he said.