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INSURANCE FRAUD & RISK
MANAGEMENT SYMPOSIUM
On May 9, 2007 the Inter Insurance Fraud
Sub Committee hosted an Insurance Fraud and Risk Management
Symposium at the Trinidad Hilton. Guest speakers included
attorneys Dwayne Williams of Holland and Knight Miami and
Richard Wester and Mr. Santiago Cueto of Concepcion and
Associates, Florida, along with host of local attorneys
including Mr. Ravindra Nanga and Mr. Ian Benjamin Also in
attendance were forensics experts and representatives from the
Trinidad and Tobago Fraud Squad and companies showcasing various
fraud detection software.
Mr. Glenn Parmassar of the Trinidad and
Tobago Forensics Sciences Centre highlighted the fact that
almost $1 billion is lost annually by the local business
community because of fraud. Corporal Gilbert Kennedy of the
Trinidad and Tobago Fraud Squad alerted participants to the many
faces of a ‘fraudster’ and highlighted the many instances in
which fraudulent activities occur.
Fraud detection software was discussed
by Mr. Ramon Gregorio of Symptai Consulting with Mr. Anthony
Jones of CL Financial addressing fraud prevention tools and
resources.
Attended by over 79
representatives of our member companies as well as those not
directly related to the insurance industry, this symposium was
indeed necessary to make alert industry members and those
concerned of the various instances, implications and effective
detection of fraud.
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