IUA Circular 027/12

MARKET BRIEFING
Insuring Cash in Transit

with

Stephen Watters, Managing Director, Stephen Watters International Adjusting Services

and

Kerry Gillard, Managing Director, Universal Risk Solutions

Date: Tuesday 08 May 2012
Time: 12noon to 1pm
Venue: Conference Room Baltic Exchange, St Mary Axe, London EC3
Subject: This market briefing will investigate various methods that have been used to attack financial institutions and discuss how such incidents can be avoided.

This is a free event, but names and email addresses of all attendees are required for registration.
IUA members can register online int he events section of this website
Or contact Deborah Finch, IUA Events Co-ordinator

Financial institutions face an ever evolving range of frauds and criminal attacks. This market briefing will discuss both internal and external fraud, covering topics such as employee infidelity, Internet banking frauds and banking frauds committed by organised crime in South America and Eastern Europe.

The presentation will highlight tactics such as Tiger Kidnapping, Tunnel Construction, the Honey Trap approach as well as direct violent attacks.

Stephen Watters presentation will concentrate on the losses from premises and vault risks, as opposed to transit and armoured vehicle attacks, and will be examining the insurance of the cash in transit industry with particular reference to the type of losses that are currently being sustained. Recent loss examples from his experience as a specie reinsurance loss adjuster working principally in Latin America and the Caribbean will be exampled.

Kerry Gillard’s speech will focus on fraud within insurance of the global banking industry with particular reference to the type of frauds and attacks that are being experienced. Kerry will be using recent loss examples from various regions of the world, based on his experience as a bank surveyor and fraud investigator.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities.
Our market briefing events are certified as being suitable for CPD purposes.
To obtain a self assessment form for any particular event please email Deborah Finch.
For events held in the conference rooms at Balls Bros., Minster Pavement, Xchanging Conference Rooms or Baltic Exchange you will not require an entrance pass but we will require a note of your attendance for room capacity and catering requirements.