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Non Disclosure Agreement (Insurance)
"I need a Non Disclosure Agreement (Insurance) under Irish law for a relationship with a cloud-based claims management system provider, with strong emphasis on data protection and cyber security requirements, to be effective from March 2025."
1. Parties: Identifies and defines the parties entering into the NDA, including their registered addresses and company details
2. Background: Explains the context and purpose of the NDA, including the nature of the insurance business relationship
3. Definitions: Defines key terms including 'Confidential Information', 'Authorized Purpose', 'Representatives', and insurance-specific terms
4. Scope of Confidential Information: Details what constitutes confidential information in the insurance context, including customer data, pricing models, actuarial data, and business strategies
5. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including regulatory requirements and legal obligations
7. Data Protection and Security: Specific measures required to protect confidential information and comply with GDPR and data protection laws
8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination or request
9. Duration and Survival: Term of the agreement and which obligations survive termination
10. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement
1. Broker/Intermediary Provisions: Additional provisions specific to insurance broker relationships, used when the NDA involves insurance intermediaries
2. Group Company Sharing: Provisions for sharing information within corporate groups, used for multinational insurance companies
3. Regulatory Compliance: Specific provisions addressing compliance with insurance regulatory requirements, used for regulated entities
4. Intellectual Property Rights: Specific provisions protecting IP in insurance products or systems, used when IP-sensitive information is involved
5. Insurance Market Processing: Provisions for processing information through insurance market platforms, used for market-placed insurance
6. Third-Party Service Providers: Provisions for sharing with claims handlers, actuaries, or other service providers
7. International Transfer Provisions: Additional provisions for cross-border data transfers, used when parties are in different jurisdictions
1. Schedule 1 - Categories of Confidential Information: Detailed list of types of confidential information specific to the insurance relationship
2. Schedule 2 - Authorized Representatives: List of individuals or roles authorized to receive and handle confidential information
3. Schedule 3 - Security Requirements: Specific technical and organizational measures required for data protection
4. Schedule 4 - Approved Third-Party Recipients: List of approved third parties who may receive confidential information
5. Appendix A - Data Processing Requirements: Detailed GDPR and data protection compliance requirements
6. Appendix B - Information Return Form: Template for confirming return or destruction of confidential information
Authors
Insurance
Financial Services
Professional Services
Technology
Healthcare
Banking
Risk Management
Consulting
Legal Services
Data Analytics
Regulatory Compliance
Business Process Outsourcing
Legal
Compliance
Risk Management
Underwriting
Claims
Actuarial
Information Security
Data Protection
Business Development
Operations
Procurement
Partnership Management
Product Development
Customer Relations
IT Security
Chief Executive Officer
Chief Risk Officer
Chief Compliance Officer
Head of Underwriting
Claims Manager
Actuarial Director
Insurance Broker
Legal Counsel
Data Protection Officer
Business Development Manager
Operations Director
Chief Information Security Officer
Partnership Manager
Procurement Manager
Insurance Products Manager
Risk Analyst
Compliance Analyst
Insurance Operations Manager
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