Technology Forum 2021
Live Stream Event
13 May 2021
Claim 5.5 CPD hours for attending this event
Programme
09.00 - 09.15
Welcome and introduction
09.15 - 09.45
Keynote with Q & A - Technology delivering a better future
Technology has the power to fuel progress, deliver results and enhance lives – which emerging technologies have the potential to reshape our world?
09.45 -10.30
Techceleration – can cyber insurance keep up? moderated by Julia Graham
In the 12 months since the pandemic began, technology has been ”essential” to enabling global responses and recovery. When assessing technology risk in this context, discussions should involve the entire organisation, and not something “risk management is handling.” To fully understand the impact, risk management needs to expand “who’s in the room” to ensure all potential risks and impacts are considered. Consequently, is risk management the glue that holds discussions together? Discussion will be enhanced by taking time to understand risks through the lens of technology and information peers, as they will have different drivers and perspectives. The panel will share unique insights into risk and managing risk in the technology sector. Whatever your perspective, the creativity behind cyber-attacks is endless. From black-hat hackers and ransomware to corporate business interruption and billion dollar fines for data breaches, cyber insurance is perhaps the most dynamic segment in the insurance industry. Currently worth around $5 billion, the cyber insurance market has been predicted to be worth as much as $20 billion in premium by 2025. The Allianz Centre of Competence for Cyber was formed to establish a Group-wide approach to this growing market - what trends and opportunities is the centre uncovering? However, what do risk professionals and their organisatiosn need? The panel will consider the business risk and risk financing decision-making processes and how solutions can be tailored based on business need. There is a cost benefit equation to be considered - to buy cover or not to buy cover, now or in the future is the question.
10.30 - 10.45
Short leg stretch (break)
10.45 - 11.30
Digitisation of Risk Management through the Pandemic, Center Parcs Case Study
Moderated by Sam Moore, Head of Key Clients and Strategy, UK Commercial Lines. A case study demonstrating economics, environmental, social and governance (ESG) priorities and digital opportunities working in harmony. This session will show case how Center Parcs address the challenges of meeting the demands of every individual customer – safely and securely.
11.30 - 12.15
Panel - Ransomware – prevent, detect, and respond
Ransomware attacks on are the rise. Data published earlier this year found that ransomware demands have spiked by over 300% during the last year. Payments are also on the rise as many victims find themselves in the unenviable and untenable position of being forced to pay simply to regain access to their essential systems. With more work likely to remain remote and more reliance on these systems than ever before, ransomware attacks are likely to continue to grow as a threat. The panel will consider ransomware risk prevention, detection, and response through an interactive discussion.
12.15 - 12.45
Lunch break
12.45 - 13.30
Technology and digital risks are now operational risks – mind the gap. Moderated by Alex Frost - Airmic
In an increasingly complex and fast changing business environment, organisations need to consider their dependency on services supplied by third-parties and the resilience of these third-party services. By addressing resilience gaps, and building resilience, organisations will become more capable of supplying their most important business services even during severe operational disruption. The panel will consider how to identify and close the gaps.
13.30 - 14.00
Beyond the Future - new technologies, new risks
AI algorithms designed to solve a specific problem, or deal with a specific task, expose companies to new risks of large-scale errors, especially when these systems are challenged beyond their original framework design or scope. Moreover, using open source code for AI and ML systems will increase the risk that such errors cannot be clearly attributed, leaving a range of companies potentially exposed to liability claims - and the more powerful the AI, the higher the potential liability. It is likely that deep-fake imagery, video or voice technology will become so advanced that they are very hard to distinguish from the real thing. Until NFT (Non-fungible token) technologies are able to help reduce these risks, deep-fakes will create new legal and reputational issues. The evolution of wearables, augmented reality and IoT will also significantly increase the volume of personal data collected. These new devices will be able to collect and interpret information (e.g., eye movement, behavior, emotions, location, activities) that goes significantly beyond the personal data currently collected through e-commerce and other activities. The protection and liability associated with such data is going to be an increasing challenge.
14.00 - 14.15
Short leg stretch (break)
14.15 - 14.45
Fireside discussion - Workplace transformation - threats and opportunities.
This will take views on the latest thinking about office real estate around the world, what is happening in the midst of the pandemic, especially now that the vaccine rollout is underway, and what we might expect over the next decade. We will consider co-working and flexible space, safety and wellness, and the changes, challenges, and opportunities in the workplace of the future and the role that technology might play. This will take views on the latest thinking about office real estate around the world, what is happening in the midst of the pandemic, especially now that the vaccine rollout is underway, and what we might expect over the next decade. We will consider co-working and flexible space, safety and wellness, and the changes, challenges, and opportunities in the workplace of the future and the role that technology might play.
14.45 - 15.15
The digital risk rhombicosidodecahedron!
If you want to look that up, it is a polyhedron with 20 triangular faces, 30 square faces, 12 pentagonal faces, 60 vertices, and 120 edges. It’s complex - understandable, but complex. Digital risk is now operational risk and will continue to develop additional facets over the next four years. Jim will share his insights on the main areas of emerging risk and the concurrent changing role of the risk professional - and the implications of this in terms of future-proofing their knowledge and skills.
15.15 - 15.30
Closing note
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Contact
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Airmic promotes Continuous Professional Development (CPD), offering a range of opportunities to help professionals build confidence and credibility, adapt to change, develop career goals, and address gaps in experience, skills and knowledge through self-reflection and action planning. Claim 5.5 CPD hours.