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EU insurers' boards must own IT risks, draft Eiopa guidance says

( December 12, 2019, 14:55 GMT | Official Statement) -- EU insurers' management boards should set out a strategy for and manage the risks of the use of information technology, draft guidance from the European Insurance and Occupational Pensions Authority has said. Contracts with third-party service providers should include cyber security and data provisions, and insurers should have a contingency plan if external providers fail, Eiopa said in a consultation open until March....

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