Document background
The Insurance Confidentiality Agreement is essential for insurance industry participants operating under Dutch jurisdiction who need to exchange sensitive information in the course of their business relationships. This document becomes necessary when parties need to share confidential information such as underwriting data, claims histories, actuarial analyses, or proprietary insurance products and methodologies. The agreement ensures compliance with Dutch financial services regulations, including the Financial Supervision Act (Wft), as well as EU-wide requirements such as GDPR. It is particularly important when insurance companies engage with service providers, reinsurers, or other third parties who will have access to sensitive business or customer information. The agreement includes specific provisions for data protection, information security, and confidentiality obligations that are aligned with Dutch legal requirements and insurance industry standards.
