The EU Data Act is set to shape the future of the EU single market for data. It is therefore crucial that it establishes a framework that supports innovation. Insurance Europe has today published a paper that examines the impact of the different positions taken on the Data Act proposal by the European co-legislators — the European Commission, the Council of the EU and the European Parliament — in the trialogue discussions.
Insurance Europe welcomes the Data Act proposal, as it sets out key principles on how to access and share data collected from connected devices, but robust sector-specific legislation on access to in-vehicle data is still needed to provide the confidence and incentive independent service providers require to invest in new data-driven services.
Insurance Europe’s paper sets out the insurance industry’s positions on amendments proposed by the different co-legislators in relation to compensation, data use, trade secrets and data-sharing between businesses and governments.