Lead-sharing controls require insurance web aggregators to obtain visitor preferences, protect data, limit insurer transmissions, and audit management systems. Insurance web aggregators (IWAs) must operate a lead management system that records designated-website visitors' full details, generated leads, and ... Summary
Referred In :
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022
Lead-sharing controls require insurance web aggregators to obtain visitor preferences, protect data, limit insurer transmissions, and audit management systems.
Insurance web aggregators (IWAs) must operate a lead management system that records designated-website visitors' full details, generated leads, and visitor preferences. LMS data must be shared with insurers having agreements with the IWA, subject to transparency and accountability. Visitors must be able to select up to three insurers for simultaneous lead transmission; leads containing prospect data must not be sent to insurers outside those preferences. Where an interested prospect names no insurer, transmission is limited to no more than three insurers in the same insurance class following need analysis.
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