George Alayon, CPA, CPCU

As deputy director, supervision (insurance) at the Bermuda Monetary Authority (BMA), George Alayon leads the analytics and infrastructure team, which is responsible for developing and implementing tools, capabilities, and technology to support the supervisory activities of the Insurance Department. Mr. Alayon also provides guidance and direction on all relevant matters pertaining to BMA's regulatory and supervisory framework and analytics, working closely with the director of supervision (insurance) on strategic recommendations. He also leads the Innovation Working Group, an internal think tank responsible for various work streams advancing BMA's innovative strategies in the insurance sector.

Mr. Alayon joined BMA in 2015 and was responsible for supervising groups and large commercial insurers for 4 years. In his current role, Mr. Alayon assists with reviewing and approving applications for the Insurance Regulatory Sandbox and Innovation Hub, as well as supervising innovative insurers and intermediaries. Additionally, Mr. Alayon sits on the FinTech Assessment and Licensing Committee, which reviews and approves applications from the FinTech sector.

Prior to joining BMA, Mr. Alayon served as assistant vice president and senior account manager at CTC Insurance Management (Bermuda), as well as senior portfolio accountant at Caceis (Bermuda) Limited.

Mr. Alayon is a Certified Public Accountant (CPA) (Philippines and Bermuda) and a Chartered Property Casualty Underwriter (CPCU). In addition, he holds designations and certifications in various areas, including cyber-risk management, internal audit, AML compliance, and emerging areas such as insurance data analytics, blockchain/distributed ledger technology, and related applications, smart contract programming, artificial intelligence, and various RegTech and SupTech applications.