This Non-Disclosure Agreement (Insurance) template is designed for use in the Danish insurance market when parties need to exchange confidential information in the context of insurance operations, underwriting, claims processing, or related business activities. It is particularly relevant when sharing sensitive data such as policyholder information, claims history, actuarial data, or proprietary insurance models. The document ensures compliance with Danish law, including the Danish Financial Business Act and Data Protection Act, while addressing specific requirements of the insurance sector. This NDA should be used whenever insurance companies, brokers, service providers, or consultants need to access or share confidential insurance-related information in Denmark.
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Key Requirements PROMPT example:
Non Disclosure Agreement (Insurance)
I need a Non Disclosure Agreement (Insurance) under Danish law for my insurance technology company to share our proprietary underwriting algorithms with a potential partner insurance company, with extra provisions for protecting our AI models and data processing methods.
1. Parties: Identification of the parties entering into the NDA, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, nature of the insurance business relationship, and purpose of sharing confidential information
3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Trade Secrets', 'Personal Data', and 'Insurance Information'
4. Scope of Confidentiality: Detailed description of what information is considered confidential and covered by the agreement
5. Obligations of Receiving Party: Specific duties regarding handling, storing, and protecting confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including regulatory requirements
7. Data Protection Compliance: GDPR and Danish Data Protection Act compliance requirements
8. Security Measures: Required technical and organizational measures for protecting confidential information
9. Duration and Survival: Term of the agreement and provisions that survive termination
10. Return or Destruction of Information: Requirements for handling confidential information upon termination
11. Breach and Remedies: Consequences of breach and available remedies
12. Governing Law and Jurisdiction: Specification of Danish law application and jurisdiction
1. Separate Processing Agreement: Required when the sharing involves systematic processing of personal data under GDPR
2. Third Party Access: Include when either party may need to share information with authorized third parties
3. International Transfer Provisions: Required when confidential information may be transferred outside the EU/EEA
4. Insurance-Specific Handling Requirements: Include when dealing with specific types of insurance data requiring special treatment
5. Audit Rights: Optional section granting rights to audit compliance with the NDA
6. Non-Solicitation Provisions: Include when there's a risk of employee or client poaching
7. Separate Confidentiality Requirements for Employees: Include when employees will have direct access to confidential information
1. Schedule 1 - Categories of Confidential Information: Detailed list of types of confidential information covered
2. Schedule 2 - Authorized Recipients: List of individuals or roles authorized to access confidential information
3. Schedule 3 - Security Protocols: Specific technical and organizational security measures required
4. Schedule 4 - Data Processing Requirements: Detailed GDPR compliance requirements if applicable
5. Appendix A - Contact Points: List of key contacts for confidentiality and security matters
6. Appendix B - Incident Response Plan: Procedures for handling potential data breaches or unauthorized disclosures
Authors
Relevant legal definitions
Confidential Information
Insurance Information
Personal Data
Trade Secrets
Permitted Purpose
Authorized Recipients
Affiliate
Agreement
Business Day
Confidentiality Period
Data Protection Laws
Disclosing Party
Receiving Party
Representatives
Insurance Products
Policyholder Data
Claims Information
Underwriting Information
Technical Data
Security Breach
Professional Secrecy
Actuarial Data
Business Records
Intellectual Property Rights
Group Company
Insurance Business
Material Breach
Regulatory Authority
Third Party
Data Subject
Processing
Controller
Processor
Sensitive Business Information
Risk Assessment Data
Premium Information
Professional Standards
Compliance Requirements
Competitive Information
Market Analysis
Insurance Portfolio
Service Provider
Insurance Information
Personal Data
Trade Secrets
Permitted Purpose
Authorized Recipients
Affiliate
Agreement
Business Day
Confidentiality Period
Data Protection Laws
Disclosing Party
Receiving Party
Representatives
Insurance Products
Policyholder Data
Claims Information
Underwriting Information
Technical Data
Security Breach
Professional Secrecy
Actuarial Data
Business Records
Intellectual Property Rights
Group Company
Insurance Business
Material Breach
Regulatory Authority
Third Party
Data Subject
Processing
Controller
Processor
Sensitive Business Information
Risk Assessment Data
Premium Information
Professional Standards
Compliance Requirements
Competitive Information
Market Analysis
Insurance Portfolio
Service Provider
Clauses
Confidentiality
Data Protection
Professional Secrecy
Information Security
Permitted Use
Disclosure Restrictions
Return of Information
Breach Notification
Non-Competition
Non-Solicitation
Intellectual Property
Regulatory Compliance
Term and Termination
Survival
Remedies
Indemnification
Force Majeure
Assignment
Third Party Rights
Severability
Waiver
Entire Agreement
Amendments
Notices
Governing Law
Jurisdiction
Dispute Resolution
Data Protection
Professional Secrecy
Information Security
Permitted Use
Disclosure Restrictions
Return of Information
Breach Notification
Non-Competition
Non-Solicitation
Intellectual Property
Regulatory Compliance
Term and Termination
Survival
Remedies
Indemnification
Force Majeure
Assignment
Third Party Rights
Severability
Waiver
Entire Agreement
Amendments
Notices
Governing Law
Jurisdiction
Dispute Resolution
Relevant Industries
Insurance
Reinsurance
Financial Services
Healthcare
Legal Services
Information Technology
Data Analytics
Risk Management
Professional Services
Banking
Insurance Technology
Consulting
Relevant Teams
Legal
Compliance
Risk Management
Underwriting
Claims Processing
Information Security
Data Protection
Business Development
Operations
IT
Finance
Product Development
Partnerships
Procurement
Relevant Roles
Insurance Underwriter
Claims Manager
Risk Manager
Compliance Officer
Legal Counsel
Data Protection Officer
Chief Information Security Officer
Business Development Manager
Insurance Broker
Actuarial Manager
Operations Director
IT Manager
Contract Manager
Chief Financial Officer
Insurance Product Manager
Partnership Manager
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