Australian Information Industry Association
AIIA NSW Financial Services Briefing: “Disruption in Insurance and Superannuation”
Date: Friday 25 Aug 2017
Where: Australian Technology Park, DATA61 | CSIRO, Level 3, 13 Garden Street, Eveleigh NSW 2015
Contact Name:Aisling Flynn
Price Non Member:$95
Table Price Member:$
Table Price Non Member:$
Insurance and Superannuation have long been viewed as relatively stable offerings within the financial services sector. Notwithstanding legislation changes, people paid their premiums and made super contributions on a regular basis and the monies were then invested for long term gains. Recently though the underlying assumptions and indeed the very business models of insurance and superannuation have shifted to the point where both industries will be forced to undertake significant change driven by a range of challenges that stem from
- population demographics change where there are far fewer workers per retiree
- elevated risks associated with an unfamiliar economic environment continue post-GFC
- heightened global tensions and cyber security influence the debate relating to how our data should be shared
- the accelerated adoption of technology that disrupts current jobs via automation while (hopefully) creating a new one, and
- the overall increasing digitisation of the financial services we consume.
The response of Government and the boards of our financial institutions to date has often lagged in response to these market forces. Many Australian Institutions now find themselves endangered from overseas competitors who have been early adopters and beneficiaries of digitisation and are now seeking to globalise their offerings.
As an industry, we cannot wait to innovate. This now an imperative. The real question is how do we innovate to transform insurance and superannuation in a sustainable fashion to best leverage our current strengths in the sector to better fit rapidly changing customer needs.
Dr Martin Fahy
Chief Executive Officer (CEO)
Martin joined ASFA in November 2016 and prior to this was a Managing Consulting Partner at KPMG where he worked with clients across financial services and other sectors to drive transformational change.
Before joining KPMG, Martin was the Asia Pac Practice Leader for the Hackett Group, a global benchmarking and finance transformation strategy firm.
From late 2007 to 2011, Martin was the CEO of the Financial Services Institute of Australasia (FINSIA), the premier membership organisation for financial services industry professionals in Australasia. At FINSIA, he led the organisation’s transformation following the sale of its education business.
From 2005 to 2007, Martin led strategy and development as a Regional Director for Asia Pacific for the Chartered Institute of Management Accountants (CIMA).
Prior to this, he enjoyed a 15-year academic career in Ireland, France and the United States.
Martin has specialised in driving transformational change to deliver cost savings and has presented at more than 500 industry and academic conferences. He has published five books, three monographs and numerous articles.
Martin was admitted as a Fellow of the Institute of Chartered Accountants in Ireland in 2001. He holds a Ph.D in Information Systems from University College Cork as well as undergraduate and postgraduate degrees in Information Systems and Accounting from the NUI.
He was a Senior Fulbright Scholar at Montana State University. He is an Adjunct Professor at the University of Technology Sydney, where he is also Chair of the Centre for Management and Organisation Studies (CMOS) Advisory Board
Chief Executive Officer
Robyn is the CEO of Energy Super, with over 20 years’ experience in superannuation management. At Energy Super, she has driven the continued growth, product development and performance of the fund, which today has more than $6.7 billion in funds under management and more than 47,000 members. This includes playing an integral role in Energy Super’s formation from the merger of ESI Super and SPEC Super in 2011.
Robyn is a Director of the Fund Executives Association (FEAL), a past Director of the Australian Institute of Superannuation Trustees (AIST) and is actively involved in sub-committees of the Association of Superannuation Funds of Australia (ASFA). She was also awarded FEAL's 2013 Fund Executive of the Year, CEO Magazine's 2013 Financial Services Executive of the Year; Queensland Finalist for the 2014 Telstra Business Women's Awards and Women in Financial Services Woman of the Year 2014.
Prior to Energy Super, Robyn was the Manager, Compliance, Operations and Strategy at Asset Super and the Senior Vice President of Operations at SunGard
Robyn has over 20 year's experience in superannuation management. Including her current position as CEO of Energy Super, Robyn has held various senior positions for both Australian and overseas financial services companies responsible for compliance, operations, administration and strategy.
Director Product Incubation
Andrew Stead has worked extensively with startup founders and early stage investors, through private and public incubators, accelerators and venture funds. As a founder, advisor and board member, he specialises in the commercialisation of technology products, creation of new businesses, capital raising, and mergers and acquisitions. Andrew’s overlapping experiences between corporates, research organisations and startups provides a unique perspective on collaboration and innovation. He currently leads Firemark Labs that is responsible for product incubation at insurer IAG, a committee member of early stage investment group Sydney Angels, director of Hivery and a director of the Data2Decision CRC.
Sydney Trains operate frequent train services between Redfern Station (adjacent to the Australian Technology Park) and other major Sydney stations including Central, Town Hall, Wynyard and Circular Quay.
There are frequent bus services to the Australian Technology Park from the city and Sydney’s domestic and international airport. The bus stop closest to the Australian Technology Park is on the corner of Boundary and Regent Street.
Divvy parking is offered at Australian Technology Park, allowing you to book a parking space online, prior to arriving. Please note there is limited casual parking onsite - booking ahead is required. For information, visit the Divvy website or call 1300 030 317. The entrance to the car park is from Henderson Road, Eveleigh.