An insurance firm based in California had difficulty expanding its operations to Asian markets as most of the target countries had strict regulations on sharing details about their customers with the home office. The company had to obtain approval from its customers before sharing their personal information with its U.S. office. Which barrier is most likely to have affected the services of the insurance firm?
A) protectionism
B) control on transborder data flows
C) protection of intellectual property
D) cultural requirements for adaptation
E) language translation barriers

Question

Quizplus · Accepted Answer

The primary barrier affecting the insurance firm is control on transborder data flows, as the firm faces restrictions on sharing customer information across borders without obtaining customer approval, which is a regulatory issue related to data privacy and movement.

An Insurance Firm Based in California Had Difficulty Expanding Its