{"id":1074,"date":"2018-05-25T11:57:03","date_gmt":"2018-05-25T03:57:03","guid":{"rendered":"https:\/\/www.pacificprime.sg\/blog\/?p=1074"},"modified":"2023-08-04T16:54:39","modified_gmt":"2023-08-04T08:54:39","slug":"privacy-policy-update-gdpr","status":"publish","type":"post","link":"https:\/\/www.pacificprime.sg\/blog\/privacy-policy-update-gdpr\/","title":{"rendered":"Pacific Prime Singapore announces privacy policy update"},"content":{"rendered":"

By now, you have no doubt encountered myriad messages in your email inbox about companies updating their privacy policy. If you\u2019ve been adventurous enough to read the text of these messages, you have found out that the reason your inbox is stuffed full with these messages is the European Union\u2019s new data privacy law: the General Data Protection Regulation (GDPR).<\/span><\/p>\n

Here, we fill you on the details of <\/span>our<\/b> new privacy policy<\/span><\/a> and discuss how it might affect you. Read on to find out more.<\/span><\/p>\n

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About the EU\u2019s new data privacy law<\/b><\/h2>\n

As of May 25<\/span>th<\/span>, 2018, the European Union\u2019s new GDPR law has come into effect. This is a wide reaching law that not only applies to people inside EU nations, but also any EU citizen living anywhere worldwide. It also applies to any business worldwide that does business with any EU citizen(s). In an age of globalization, where users can access any business through the internet, this means that just about every business online will need to ensure that their handling of user data falls in line with the GDPR, lest they lose their ability to sell to EU citizens and risk incurring heavy fines or other penalties.<\/span><\/p>\n

Broadly, the GDPR provides EU citizens full access to their personal data that is kept by businesses online, as well as the ability to amend it or have it deleted. <\/span><\/p>\n

To be clear, the law does apply to Singapore companies, and the fact that the city-state is such a hub of international business makes complying with the GDPR virtually unavoidable.<\/span><\/p>\n

Why update now?<\/b><\/h2>\n

Pacific Prime Singapore sells a variety of different insurance solutions, but one of our specialties is International Private Medical Insurance. As such, a major demographic among our membership are expatriates living in Singapore. It should come as no surprise, then, that we do business with a great number of European nationals. What\u2019s more, our website, and online tools and resources will continue to be valuable avenues for them to choose and obtain local and international insurance products. <\/span><\/p>\n

In order to continue to effectively serve our existing and future clients, it has become necessary to update our site\u2019s privacy policy. You can find the updated policy by clicking on <\/span>this link<\/span><\/a>.<\/span><\/p>\n

What does Pacific Prime Singapore\u2019s new privacy policy update cover?<\/b><\/h2>\n

The new privacy policy is compliant with the GDPR, and with Singapore\u2019s Personal Data Protection Act. The sections covered by the policy include:<\/span><\/p>\n