This session is to help members understand the importance of operational resilience and how it applies to MGA’s in ROI and to grasp the core principles, including board responsibilities and impact tolerances. To recognise the purpose of the Central Bank of Ireland’s (CBI’s) operational resilience requirements and to understand the CBI’s supervisory approach and expectations.
Learning Objectives
At the end of this session, delegates will be able to:
- Explain operational resilience principles, from board roles to impact tolerances.
- Outline & apply the three pillars of operational resilience: Identify and Prepare, Respond and Adapt, and Recover and Learn.
- Explain how to implement the operational resilience framework.
- Summarise the significance of continuous improvement and lessons learned exercises.
About the Presenter
Suneeta Padda
Suneeta is the founder of Padda Consulting and has undertaken and managed a wide range of regulatory engagements for firms across the insurance sector, holding senior positions within several of these firms, including Howden Broking Group, XL Catlin & Lloyd’s. Suneeta has been an active Advisory Board member since 2020 working with senior insurance leaders of colour to create a stronger voice to influence the industry at all levels. Padda Consulting’s foundation is built on the expertise within the team which comes from commercially minded professionals who apply compliance in a very practical and business-focused way through commitment, collaboration, and consultancy.
Suneeta previously sat on the Independent Women in Insurance Network, she is a member of the Worshipful Company of Insurers and supports iCAN Mentors via Inspire’s mentoring initiative. Last year, Padda Consulting celebrated its 10-year anniversary and won the London Market People’s Award for Outstanding Contribution to Legal & Compliance.
