In the cat-and-mouse game of catching financial criminals, the bad guys have long held the upper hand. It’s about exploiting systemic vulnerabilities. When it comes to insurance, fraudsters can take advantage of a situation to pay a lower premium or exaggerate a claim. Criminals can also use their laundered money and re-invest their profits by opening a variable insurance policy. The sheer magnitude of the losses is one clue that financial criminals are growing ever more sophisticated, more organized, and more capable of exploiting vulnerabilities within the insurance company. In fact, the Insurance Commission of the Philippines recognizes such threat and is now requiring all insurance companies to have an Anti-Fraud Plan in-place for the protection of the industry.
So how do we stop these bad guys? How can we protect our organizations from financial crimes? Is simply creating an escalation process or enhanced due diligence for KYC enough to comply with the requirements of the IC?
We invite you to this exclusive session on May 23, 2017, and learn:
- How Analytics can be an integral part of your anti-fraud plan
- How can Analytics strengthen your fraud process
- How can Analytics be your line of defense by making use of your underlying claims and data policy to automatically identify suspicious claims and network of claims
|08:30 – 09:30 AM||Registration and Breakfast|
|09:30 – 11:00 AM||Business Session|
|11:00 – 11:30 AM||Q&A|
Date: May 23, 2017 (Tuesday)
Time: 8:30 AM to 11:30 AM
Venue: SAS Hub – 9th Flr. BDO Equitable Tower, 8751 Paseo de Roxas, Makati City