Privacy policy
This privacy policy explains how we collect, use, share and otherwise process your personal information. We will process any personal information about you in accordance with this privacy policy, as well as applicable law.
The company responsible for the processing of your personal information is:
SEB Life International Assurance Company DAC
Company number: 218391
Questions and answers on how we process your personal information
We process personal information about you:
- to comply with our legal, regulatory andcompliance obligations
- to arrange, issue and administer youwith a policy of insurance, or to recordyou as a life assured or beneficiary on apolicy of insurance, to make paymentsof claims and benefits, and to respondto your queries relating to same
- to liaise effectively with personsrepresenting you such as yourintermediary and financial adviser
- to invest your policy fund with anappointed asset manager and placecustody of your assets and cash with acustodian
- to reinsure the risks on your policy ofinsurance
- to verify your identity, protect againstpotential fraud, investigate complianceoversights, and respond to complaints
Our processing of your personal information requires a legal basis. We may process your personal information described above based on the following legal bases:
- If you provide us with special categories of data, such as data concerning health, your explicit consent.
- If you are a proposer or a policyholder the processing is necessary for the performance of a contract with you or in order to take steps at your request prior to entering into a contract or the processing is necessary for our compliance with a legal obligation that we are subject to.
- If you are a life assured (and not a policyholder) or a beneficiary or some other person (guardian, adviser, representative or pledgee) the processing is necessary for the purposes of legitimate interests pursued by us, being the payment of claims and benefits under a policy of insurance for the benefit of you or others or the processing is necessary for our compliance with a legal obligation that we are subject to.
If you are a policyholder we will obtain personal data directly from you and we may also receive personal data from persons acting for you, for example, intermediaries. If you are the life assured person, we will obtain personal data (which may include data concerning health) from you and also, with your consent from practitioners, physicians, dentists, members of medical professions, employees of hospitals and health authorities as well as medical facilities.
If you are named on a policy as a life assured or a beneficiary, we will obtain personal data which does not comprise data concerning health from the policyholder.
We may also obtain publicly accessible information from company registers, national population registers and compliance systems.
We may share your personal information with public authorities to comply with laws relating to anti-money laundering, terrorist financing, bribery and corruption; to comply with laws relating to mandatory disclosure of Reportable cross-border arrangements (DAC6); and for reportable accounts under the Common Reporting Standard and (if you a ‘US Person’) the Foreign Account Tax Compliance Act (FATCA). We also share information with our parent company Skandinaviska Enskilda Banken AB and its subsidiaries, agents, subcontractors and third party service providers of the SEB Group and persons acting on our behalf such as custodians and asset managers and persons acting for you such as your intermediary. In relation to special categories of data (such as data concerning health) we also disclose the information to our reinsurer.
Your personal information may also be processed by us and other members of the SEB Group, our agents, subcontractors and third party service providers for any other purpose required for or reasonably incidental to the performance of our duties or for the purpose of due diligence by any third parties in the context of any proposed merger, acquisition, refinancing or re-organization of our business involving such third party.
We may transfer personal information that is collected from you to a third-party data processor located in a country that is outside of the European Economic Area in connection with the above purposes. We will only do so where the European Commission has decided that the country or the processor we are sharing your information with will protect your information adequately; or the transfer has been informed to the Data Protection Commissioner in Ireland and recorded in writing and we have entered into a contract with the processor with which we are sharing your information (on terms approved by the European Commission) to ensure your information is adequately protected.
You may request a copy of the suitable safeguards we implement for our third country processing by writing to: dataprotection@seb.ie.
We will retain your personal information only for as long as it is necessary to provide you with the services requested by you or as long as needed for a legitimate purpose, and then for as long as required by applicable law.
You are obliged under certain statutory and/or contractual requirements to provide personal data to us, and the failure to comply with these requirements may mean that we are unable to issue a policy to you, or if your policy is in place, are unable to carry out wholly or partially certain matters which are necessary for the administration of your policy.
Failure to provide complete and correct information may also void a claim on a policy or part of it.
You have the right to request access to and rectification or erasure of your personal data. If your information changes or you believe we have information which is inaccurate or not up-to-date please let us know and we will change it.
You also have the right to object to the processing of your personal data and have the processing of your personal data restricted.
If processing of your personal information is based on your consent, you have the right to withdraw your consent at any time. Your withdrawal will not affect the lawfulness of the processing carried out before you withdrew your consent. If you wish to withdraw your consent, such withdrawal may prejudice your right (or the right of others) to claim a benefit under a policy of insurance and/or may require us to terminate the policy as performance of the contract can not be carried out.
From 25 May 2018 you have the right to receive your personal information in a structured, commonly used and machinereadable format (data portability).
There may be conditions or limitations on these rights. It is therefore not certain for example you have the right of data portability in the specific case - this depends on the specific circumstances of the processing activity.
There is no cost for exercising any of these rights. To make any request please write to dataprotection@seb.ie.
You may always lodge a complaint with ourselves at dataprotection@seb.ie or with the Data Protection Commissioner in Ireland, whom can be contacted at:
Office of the Data Protection Commissioner.
Canal House, Station Road
Portarlington, Co. Laois
R32 AP23, Ireland
Phone: +353 (0761) 104 800
LoCall: 1890 25 22 31
Fax: +353 57 868 4757
Email: info@dataprotection.ie
Contact us at SEB Life International Assurance Company DAC
You are welcome to contact us if you have any further questions.
SEB Life International Assurance Company DAC
Bloodstone Building,
Riverside IV, Sir John Rogerson’s Quay,
Dublin 2, Republic of Ireland
Telephone: +353 1487 0700
Fax: +353 1 4870704,
E-mail: dataprotection@seb.ie.