Date: Wednesday, 4th October, 2023
Time: 11:00 AM to 12:00 PM
Place: Online
Overview
Insurance Ireland, in partnership with Mason Hayes & Curran is delighted to invite you to our upcoming webinar.
The European Commission has presented its long-awaited proposal for an Open Banking Package, EIOPA is also pushing ahead with its own work on Open Insurance while the EU Data Act and the GDPR, impact insurers’ operations.
Open Banking has fundamentally altered the retail banking landscape across the EU and has sparked the rise of innovative fintechs that have changed banking services, increased customer choice and lowered the cost of payments. Open banking under the Second Payment Services Directive (PSD2) has made steady progress and the EU Commission is now keen to expand its scope to other areas of financial services.
This raises challenges, especially in the insurance/reinsurance industries, where the customer data handled by re/insurers can be unusually sensitive. This webinar will provide an opportunity, applying legal, regulatory, and commercial perspectives, to evaluate these challenges in light of the EU Commission’s recent draft Open Finance Directive, and the resulting scope for Open Insurance to deliver real value for re/insurance businesses.
Moderator
Moyagh Murdock, Chief Executive Officer, Insurance Ireland
Moyagh Murdock is the Chief Executive Officer of Insurance Ireland having taken over the role from Interim CEO Gerry Hassett in April 2020. Previously she was the CEO of the Road Safety Authority, a position she has held since February 2014. Prior to taking up the CEO role in the RSA, she was Chief Operating Officer for Bus Éireann after having first joined the company in 2007 as the Deputy Chief Mechanical Engineer with responsibility for the fleet maintenance and garage operations. Originally from Newry, Co. Down, Moyagh graduated from Queen’s University Belfast with a B.Eng. Mechanical Engineering. She also holds an MBA from Dublin City University and a Certificate of Professional Competence in Road Transport Operations Management.
Panel
Rowena Fitzgerald, Partner, Financial Regulation, Mason Hayes & Curran
Rowena is a Co-Head of Mason Hayes & Curran’s Financial Regulation team. Rowena advises on licensing and regulatory issues applying to insurance undertakings and intermediaries and is also noted for her expertise in the fintech sector. Rowena frequently advises on areas such as digital transformation, open banking, fitness and probity, compliance with Central Bank codes of conduct, risk mitigation programmes and Central Bank enforcement actions.
Oisin Tobin, Partner, Data Privacy, Mason Hayes & Curran
Oisín is a Partner in Mason Hayes & Curran’s Technology and Privacy and Data Security teams and head of the firm’s technology sector group. He is an expert in formulating and implementing global privacy and data transfer strategies. He is known for his work advising and defending the world’s leading technology companies. Oisín works with companies on the development and rollout of innovative technologies with a focus on privacy by design. He also acts for businesses under investigation by European data protection authorities and in data privacy-related litigation.
Eddy Van Cutsem, INED Re/Insurance Companies
- Over 30 years experience as MD with blue chip international re/insurance companies. Specialised in Board roles as well as strategic advice in risk management, governance and international regulation.
- Past CEO of Re/Insurance Industry Association DIMA (now Insurance Ireland).
- Chairman of the Board of KPN Insurance Company DAC (parent: Dutch telecom company).
- Chairman of the Risk Committee of HDI Reinsurance (Ireland) SE (parent: German insurance group Talanx).
- Chairman of the Risk Committee of Golden Arches Insurance DAC (parent: McDonalds Corporation).
- Director of Insurtech Ireland, the community for insurance and technology industry professionals in Ireland.
- Director of Finwise, a specialist advisor for funding tech startups & scaleups.
- Director of Kalibre Tech Europe Ltd, a technology platform to deliver innovative Life insurance products.
Ajay Pathak, COO, AmTrust International Underwriters
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Ajay is the COO of AmTrust International Underwriters at Dublin. Previously he has worked with RSA Insurance, Insurance Ireland, and other financial sector companies. His career spans from banking into technology and insurance sector in corporate as well as start-up organisations driving operational efficiencies and improving business performance. He has a keen interest in data, technology, digital transformation, and innovation. Ajay holds MSc in Physics, MBA from Strathclyde Business School, Higher Diploma in Computer Science from UCD, and a Leadership Program in Management from Harvard Business School.
If you are a member of Insurance Ireland and interested in attending please contact events@insuranceireland.eu.