Presents

Cyber Insurance

21 September, 2017
Level 18, Grosvenor Place
225 George St, Sydney NSW

Presents

Cyber Insurance

21 September, 2017
Level 18, Grosvenor Place
225 George St, Sydney NSW

Presents

Cyber Insurance

21 September, 2017
Level 18, Grosvenor Place
225 George St, Sydney NSW

Examining how new exposures are reshaping the insurance industry

With ongoing technological advances and the growing value of data, cyber security insurance is rapidly evolving as the top priority in the boardroom.

However the cyber insurance industry is still in its infancy and while it struggles to mature at warp speed, more and more organisations are demanding cyber coverage with the aim to spread the financial risk from data breaches. 

As it is very difficult in cyber to judge the exact financial cost of an incident should a breach occur – how will insurance companies align premiums and payouts to uncertain security postures and costs?

The Cyber Insurance Forum will bring together the insurance industry together with the cyber industry to raise business awareness of how well the insurance market is identifying and addressing the cyber risk exposures of organisations, and will discuss how the risk landscape is transforming – with profound effects on the traditional insurance business model with new standards and frameworks.

 

Challenges the forum will address:

  • The immediate future of the cyber insurance industry - is the aggregation of risk too great for the private sector and are government backstops required?
  • The privacy debate - what is the right amount of information needed to enable underwriters to tailor-make coverage to a buyer’s needs and does this information breach privacy laws?
  • Capability lift – how can the IT Security industry collaborate to create holistic approaches to cyber cover?
  • IoT – what changes are in store for coverage frameworks as the number of connected devices increase exponentially?

 

Why Attend:

The event offers one of the first forums in Australia on cyber insurance, offering a unique opportunity to network with underwriters, brokers, claims managers, IT Security experts and industry leaders.

The event will help attendees keep pace with the ever-changing cyber insurance market and is the only event in the market to bring the latest regulatory and enforcement priorities straight from federal and state governments.

 

Who will be there:

  • CEOs
  • Chief Underwriters
  • Chief Claims Officers
  • Chief Risk Officers
  • General Counsel
  • Chief Information Security Officers
  • Divisional Heads of Data Risk Management
  • Divisional Heads of Product Development and Pricing
  • Cyber Liability Managers

 

 

Agenda

7:30am

Registration and hot breakfast

8:00am

Opening remarks by InnovationAus.com

James Riley, Editorial Director, InnovationAus.com

8:10am

How government and insurers can work together to develop the cyber insurance space

‎Pip Wyrdeman, Senior Adviser Cyber Policy, Office of the Cyber Security Special Adviser, Department of the Prime Minister and Cabinet

8:25am

Dealing with the impact of cyber incidents: a Government perspective

Maria Milosavljevic, Chief Information Security Officer, NSW Government 

8:35am

What risks and products will characterise the future market?

Darren Day, Director, Verizon Australia

8:45am

Panel Discussion: How is cyber risk evolving, what role will the insurance market play?

Panel moderator:

Jackson McKinley, Regional Director, Mandiant

 

Panellists:

Christopher Mackinnon, General Representative in Australia, Lloyds of London

Pip Wyrdeman, Senior Adviser Cyber Policy, Office of the Cyber Security Special Adviser, Department of the Prime Minister and Cabinet

Teresa Aquilina, Senior Vice President, Guy Carpenter

John Moran, Partner, Norton Rose Fulbright

Claudia Warwar, Cyber Security Principal - Business Technology Services, Telstra

9:30am

Morning tea and networking

10:00am

Quantifying Risk: closing the chasm between cyber security and cyber insurance

Dawna Wright, Senior Managing Director, FTI Consulting

10:15am

How do shareholders measure security incidents and how does this impact cyber insurance?

Derek Scott, Head of IT Security, Governance and Risk, TAL Life Insurance

10:25am

The Role of the Regulator in the Cyber Insurance Market

John Price, Commissioner, ASIC

10:35am

The Impact of Data on the future of Cyber Insurance

David Gallagher, Senior Underwriter, Professional & Financial Risks Portfolio Manager - IT Liability and Cyber, Liberty International Underwriters

10:45am

Panel Discussion: How will the cyber insurance industry prepare for the next generation ransomware and new attack scenarios?

Panel moderator:

Jackson McKinley, Regional Director, Mandiant

 

Panellists:

Andrew Taylor, Head of Management Liability and Cyber, Chubb

John Price, Commissioner, ASIC 

Derek Scott, Head of IT Security, Governance and Risk, TAL Life Insurance

Fergus Brooks, National Practice Leader, Cyber Risk, Aon     

Tim Wedlock, President, National Insurance Brokers Association (NIBA)     

11:30am

Closing remarks from InnovationAus.com and close of event

Speakers

Event Partner

FTI Consulting

Supporting Partners

NIBA
UAC

Associate Partner

Covata

Official Event Host

Norton Rose Fulbright
Pip Wyrdeman

Pip Wyrdeman

‎Senior Adviser Cyber Policy, Office of the Cyber Security Special Adviser, Department of the Prime Minister and Cabinet

Pip Wyrdeman is Senior Adviser in the Office of the Cyber Security Special Adviser.

In this role she works with industry and academia to implement the Australian Government’s Cyber Security Strategy initiatives around Growth and Innovation, and developing the Cyber Smart Nation.

A biotechnologist and genetic engineer by original training, Pip gained expertise in biotech patents before moving on to helping organisations with information, records and change management, ICT Security policy and cyber security.

A futurist at heart, Pip has a passion for technology and the benefits it can bring to individuals, business and society more broadly. Her key interest in cyber security is not so much about the technology itself, but rather how people interact with it, benefit from it and innovate with it.

Maria Milosavljevic

Maria Milosavljevic

Chief Information Security Officer, NSW Government

Dr Maria Milosavljevic is the newly appointed Chief Information Security Officer for NSW Government (GCISO) and an Adjunct Professor at the University of Canberra. In her new role, Dr Milosavljevic will work across the NSW government and consult with industry leaders and research groups, as well as Commonwealth, state and overseas governments to ensure a collaborative approach to cyber security. She will develop standards with NSW government agencies to streamline their approach to cyber security. Prior to moving to NSW Government, Dr Milosavljevic was the CIO and CISO of AUSTRAC where she led the creation of leading-edge data analytics / AI technology and an Innovation Hub for the Fintel Alliance, a world-first public-private partnership between AUSTRAC and its public and private sector partners. As the CIO and CISO at the Australian Crime Commission she was the key driver in the establishment of the National Criminal Intelligence Fusion Capability which won several awards including an iAward and an Australian Computer Society (ACS) Digital Disrupter Award. Dr Milosavljevic completed a PhD in Artificial Intelligence on a prestigious scholarship from the Microsoft Research Institute, graduated from ANU with an Executive Masters of Public Administration from the Australia and New Zealand School of Government (ANZSOG), and is a graduate from the Australian Institute of Company Directors (AICD). As a data scientist, Dr Milosavljevic has developed several world-first and award-winning solutions to difficult problems in the private and public sector throughout her 25 year career. She has also published widely and has been a keynote speaker for a range of conferences globally. 

John Price

John Price

Commissioner, ASIC

John Price commenced as an ASIC Commissioner on 21 March 2012. In March 2015, John was reappointed for a further 3 years to 20 March 2018.

He has over 15 years regulatory experience in a variety of regulatory roles at ASIC relating to policy making, fundraising, mergers and acquisitions, financial services and products, licensing, insolvency and financial reporting and audit.

John was previously a member of CAMAC, an advisory body to Government on corporate and markets issues and also the Financial Reporting Council, a body providing broad oversight of various accounting and audit-related issues in Australia.

John is a current member of the Council of Financial Regulators, the coordinating body for Australia's main financial regulatory agencies. John is also the sponsor of ASIC's innovation hub, an initiative to help innovative fintech startups offering financial products or financial services in Australia.

Prior to joining ASIC, John worked in the Gold Coast and Brisbane offices of Corrs Chambers Westgarth, a national law firm.

Chris Mackinnon

Chris Mackinnon

General Representative in Australia, Lloyds of London

Chris Mackinnon joined Lloyd’s in February 2015 as General Representative in Australia with responsibility for market development, and for liaising with market practitioners and regulatory authorities to maintain Lloyd’s presence in Australia.

Chris has almost 30 years’ experience in the international insurance industry, with extensive knowledge of both the Australian and London markets.

In addition to his role at Lloyd’s, Chris is also an Associate Director of the Underwriting Agencies Council in Australia, a Non-Executive Director of the Insurance Council of Australia, and Chairman of the Australian Organizing Committee of the Dive In Festival, the festival for diversity and inclusion in the Insurance Industry.

Chris is qualified as a Senior Associate of the Australian & New Zealand Institute of Insurance and Finance, and is a Member of the Australian Institute of Company Directors.

Derek Scott

Derek Scott

Head of IT Security, Governance and Risk, TAL Life Insurance

Derek’s career in IT & Operations has led him from Scotland to Sydney via Munich, Texas and London. Working  for large American corporations (Digital Equipment, National Semi-conductors, Compaq, Dell and CSC), Derek spent the first half of his career in leadership roles in operations. In the past 15 years he has focused on leading technical support functions. The operational breadth and technical depth of these various roles has given Derek a useful perspective for leading organisations through complex operational transformation - he combines technical understanding with operational savvy - a winning combination! 

In 2002 Derek moved from Dell UK to Dell Australia to manage a team delivering Enterprise Technical Support and Account Management functions to Dells’ ANZ Enterprise customers. After 4 years he moved to CSC to manage a similar function, and expanded the role into a wider service delivery function. Derek Joined TAL in 2013 and is currently Head of IT Security, Risk and Governance. His team works closely with TAL Technology and Business teams to ensure that they are anticipating and coordinating the provision for structured investment and deployment of technologies in response to changing business drivers and risks. 

The role, although focused on Security, Risk and Governance, also covers Vendor Management, IT Service Continuity and some additional operational responsibilities. Derek believes that the broad scope of the role enables pragmatic, knowledge-based planning and a delivery model of both "on-prem” services and complimentary vendor-based solutions and tools. He thoroughly enjoys the challenge of his role and the diversity of business transformation posed in the role. His free time is spent at his sons' sporting events.  

Teresa Aquilina

Teresa Aquilina

Senior Vice President, Guy Carpenter

Teresa manages client relationships, working with clients to deliver the best strategic solution for their business. Teresa has built a wealth of knowledge within the reinsurance sector over the last 24 years with experience across underwriting, claims, broking including working in the US and Asia markets for a short time . She has a very strong background in Casualty, Cyber and Emerging Risks.

John Moran

John Moran

Partner, Norton Rose Fulbright

John is a Partner in the Sydney insurance team. John specialises in acting in defence and advising on coverage in professional, financial and D&O claims.

John also co-leads the firms national cyber incident response team and has established a market leading incident response offering servicing the majority of local and international cyber insurers. John has advised in a significant number of cyber incidents, claims and investigation, including advising on what has been dubbed Australia’s largest data breach to-date.

Claudia Warwar

Claudia Warwar

Cyber Security Principal - Business Technology Services, Telstra

Claudia Warwar has been involved in IT, Risk Management and Cyber Security services for over sixteen years, both as a practitioner and as a Business Development Executive at IBM Australia and Telstra. She specialised in helping clients across industries understand and protect themselves from Cyber risks. She has extensive experience on Cyber Risk Assessment, Data Governance, Policy & Processes, Identity Management, Protection, Detection, Monitoring, Incident Response and Security Managing Services. 
Her international experience includes programs and consultancies in Australia, Brazil, USA, Singapore, Taiwan, Hong Kong and Korea. Mrs Warwar holds a Bachelor Degree in Electronic Engineering. She has written a number of articles for newspapers and industry magazines.

David Gallagher

David Gallagher

Senior Underwriter, Professional & Financial Risks, Portfolio Manager - IT Liability & Cyber, Liberty International Underwriters

David has worked in the professional lines area of insurance since 1995, working for a number of brokers, underwriting agencies and insurers. Joining Liberty in 2008 David spearheaded the launch of Liberty’s Information Technology Liability initiative, and in 2012 he launched Liberty’s Cyber Insurance product. As a portfolio manager for cyber insurance David’s role encompasses setting the cyber strategy and underwriting guidelines, product and rater development, reporting of results, training and development of staff, and marketing. David holds a Bachelor of Science and a Bachelor of Commerce.

Andrew Taylor

Andrew Taylor

Cyber Underwriting Manager Asia Pacific, Chubb

Andrew is the Cyber Underwriting Manager for Asia Pacific as well as the Head of Management Liability for Australia and New Zealand.  In his current role, Andrew is responsible for managing and developing Chubb’s Cyber and Management Liability portfolios and expanding these product capabilities across the region.  He has over 15 year’s insurance experience that includes time underwriting in the London and Asian insurance markets.

Having commenced his career as an accountant and with a strong accounting background and client focus he moved into broking as an account director for an international broking firm and then into financial lines underwriting roles where he now focuses on Cyber risks.  He has held many senior underwriting and portfolio management positions over this career. His experience includes time underwriting in the London & Asian financial lines markets and he is a regular speaker on Cyber Insurance and other E&O insurance classes.

Fergus Brooks

Fergus Brooks

National Practice Leader for Cyber Risk, Aon

With more than 20 years of commercial and consulting experience in the information, communications and technology (ICT) sector, Fergus has a deep understanding of how cyber risk issues arise and how best to mitigate them. His background includes consulting, solution architecture and sales with organisations whose clients have included some of the world's largest customers of high-end network and computing solutions.

In his role as national practice leader for cyber risk, Fergus works with the financial specialties team to help clients identify their cyber risk exposures and secure their ICT infrastructure. In many cases, this risk can be largely mitigated through the deployment of various technologies, the implementation of processes or the hiring of specialist IT security personnel.

For his clients, the benefit of this approach is that with the right systems, processes and people in place, transferring their cyber risk through insurance becomes more attractive and more cost effective. While Fergus is known for his ability to apply complex technical solutions to commercial realities, he believes that with cyber risk being an enterprise-wide concern - and one that has significant impacts at the board level - it's important to be able to communicate the core issues with clarity. For this reason his approach is to use ‘normal' language rather than tech jargon, so that both his clients and his colleagues are able to understand the rationale and total impacts of a proposed solution.

Dawna Wright

Dawna Wright

Senior Managing Director, FTI Consulting

Dawna Wright is a Senior Managing Director and Leader of the Forensic Accounting and Advisory Services team for FTI Consulting in Australia. She is a Chartered Accountant, Business Valuation specialist and Certified Fraud Examiner with over 25 years of experience in auditing and forensic accounting. She specialises in the quantification of losses in complex disputes such as commercial litigation, class actions, insurance litigation, corporate investigations, claims for misleading and deceptive conduct and post-acquisition disputes. Dawna has acted as an expert witness and given oral testimony in Court and arbitration hearings in all major jurisdictions in Australia, as well as Hong Kong and Singapore. Dawna is the Chair of the national Forensic Accounting committee of Chartered Accountants Australian and New Zealand. She is recognised by Who’s Who Legal as a leading consulting expert in Arbitration, Quantum of Damages and Forensic & Litigation Consulting.

Tim Wedlock

Tim Wedlock

President, National Insurance Brokers Association (NIBA)

Tim is the current President of the National Insurance Brokers Association (NIBA). NIBA represents approximately 320 firms and more than 3,500 individual intermediaries who handle almost 90 per cent of commercial insurance transacted in Australia. Tim is a Qualified Practising Insurance Broker and is managing director of Austbrokers AEI Transport. He has over 30 years of insurance broking experience, particularly in the transport and logistics sector.

Darren Day

Darren Day

Director, Verizon

Darren heads up commercial functions in Asia-Pacific (APAC) managing and coordinating the teams responsible for complex bid management, special pricing and contract management. Darren works closely with the APAC management team on regional strategy and the global teams on coordinating the process and strategy around large multinational customer deals.

A veteran of the organization, Darren has worked for Verizon for nineteen years, holding senior executive roles in product marketing, general marketing and finance. He is the company director for Verizon Australia.

Darren has led APAC pricing and contract management functions since March 2006 and he also was director of marketing and communications APAC, from 2005 to 2010 and during 2015 - 2016.

Prior to joining the organization, Darren was financial operations manager at OzEmail before becoming regional product director and regional marketing director when the company rebranded. Previously, he worked as a senior management consultant, auditor, and manager at PriceWaterhouse for nine years.

Darren holds a bachelor's degree in commerce and is a Member of the Institute of Chartered Accountants and Australian Institute of Company Directors.

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