1. Data Protection & Privacy
Parnell Assurance Limited (“the Company”) is committed to the secure and ethical management of personal and sensitive data. In alignment with the Life Insurance Act 2000 and international best practices for data privacy, we adhere to the following:

Collection: We only collect data necessary for the provision of insurance services, risk assessment, and regulatory compliance.

Storage & Security: All data is housed in secure environments using industry-standard encryption. We implement strict access controls to prevent unauthorized disclosure or “data leakage.”

Third-Party Disclosure: Data will not be sold or shared with external parties for marketing purposes. Disclosure only occurs when required by law (e.g., to the Bank of Papua New Guinea) or to authorized partners essential for policy fulfillment.

2. Corporate Governance
Parnell Assurance Limited operates under a robust governance framework designed to ensure accountability and the protection of policyholder interests.

Regulatory Alignment: Our governance protocols are strictly aligned with the Insurance Act 1995 and the Companies Act 1997.

Integrity & Ethics: The Company maintains a Board-level commitment to ethical conduct, ensuring that all digital and physical operations are subject to regular internal audits and risk assessments.

Compliance Oversight: Our Compliance Officer is tasked with ensuring that all website interactions and digital transactions meet the statutory requirements of the Independent Consumer & Competition Commission (ICCC).

3. Data Segments & Usage
To provide transparent insurance services, we categorize and manage data into the following segments: