Less than half of Australians trust insurers to hold their personal information securely, a survey by DXC Technology and Telsyte has found. The survey, conducted in the wake of revelations about data breaches at Equifax Inc (EFX.N) and TransUnion Corp (TXT.N), found that only one quarter of people trusted insurance companies with A lack of trust could hinder the growth of the digital insurance market, said DXC’s Michael Neary.
Less than half of Australians trust insurers to hold their personal information securely, a survey by DXC Technology and Telsyte has found. Only 49% of the 2,100 respondents said they trust insurers with their data, despite supporting increased use of digital technology, while 47% said they trust the information would be used strictly for its intended purpose. A lack of trust could hinder the growth of the digital insurance market, said DXC’s Michael Neary.