IUA Circular 003/23

"Investigating mysterious stock disappearance during a cost of living crisis" 
 

with guest speakers from J.S. Held:

Chris Tooke, Director of Political Risk 

Joe Aldous FCCA, CFE, Executive Vice President, Forensic Accounting

Lumi Ishikawa USCPA, Vice President, Forensic Accounting

Alp Coker, Global Investigations 

HYBRID MARKET BRIEFING

Event Date:  Tuesday 24 January 2023
Time: 12 noon for approx 1 hour  (UK/London time)
Venue: ACORD Conference Suite, 8th floor, 1 Minster Court, Mincing Lane, London EC3R 7AA 
Subject:  This market briefing our guest speakers will explore the investigation of mysterious stock disappearances and how to differentiate between physical loss and innocent accounting errors. In addition, how stolen assets and those responsible can be traced.
Contact:  Deborah Finch, IUA Events Manager (020 7617 4451)

This is a free event, but names and email addresses of all attendees are required for registration.

Please click here to register

We understand that some attendees are unable to join our webinar's due to company restrictions for some applications on company computers . Please note you can also connect and join with a mobile or tablet device.

Please adhere to on line etiquette during our presentations.  We kindly ask you to mute your microphone and video upon commencing the link and to use the Chat application for any  questions, which will be addressed by the speaker at the end of the presentation. We suggest dialling in at least 5 mins before the start of the webinar.

Please note that any recording of this session will be available post-event on the IUA's You Tube channel, subject to speaker authorisation and technical quality. 

As rising inflation continues to effect interest rates, the current cost of living crisis has seen an alarming increase in opportunistic insurance fraud.

The underlying causes and impact of inflation has undoubtedly originated from such global issues as Covid-19, the Russian invasion of  Ukraine and post-Brexit trading. But how does our industry cope with expected escalation in theft and fraudulent claims? 

At this market briefing, our guest speakers will explore the investigation of mysterious stock disappearances and how to differentiate between physical loss and innocent accounting errors. In addition, how stolen assets and those responsible can be traced will also be discussed. 

The presentation draws on the speakers’ international claims experience, will provide real world examples, and will be relevant on a cross-class basis.  
Our Speakers:  
Chris Tooke is a Director of Political Risk and worked for the GPW Group prior to its acquisition by J.S. Held in May 2022. Chris is a leading specialist on political and regulatory risks in the emerging markets of Eastern Europe and the former Soviet region. He works for major clients – ranging from banks, TMT, mining and oil & gas companies, to sovereign governments – to help them understand the political and operational environment in their target markets. Chris has also supported both insurers and reinsurers on complex political risk insurance cases. Chris holds a fully funded doctorate from UCL/SSEES, where he also taught on undergraduate Russian language and culture courses. Before joining GPW he worked at The Economist Intelligence Unit, focusing on post-Soviet countries. He is a frequent speaker, including to the media, on topics ranging from Russian and Kazakh geopolitics through sanctions and energy issues. 

Joe Aldous FCCA, CFE, heads up J.S. Held’s Forensic Accounting practice in London. He has been quantifying large complex business interruption and stock losses for Insurers and preparing expert witness reports and calculations for the Court, mediation, and arbitration for almost 25 years. Joe has experience in handling losses throughout the world in industries such as Agriculture; Construction; Energy; Food & Beverage Manufacturing; Hospitality & Leisure; Industrial Manufacturing; Livestock; Mining; Power Generation; Professional Services; Retail; Warehouse & Distribution. Joe has had a variety of articles published in trade journals and contributed to the ninth, tenth, and eleventh editions of Riley on Business Interruption. He has also given numerous presentations on consequential loss and stock related topics. 

Lumi Ishikawa USCPA, has specialised in Forensic Accounting and financial investigations in London since 2011. Lumi handles business interruption, inventory, and cyber claims arising from earthquake, fire, flood, fraud, pandemic, and cyber-attack and preparing calculations and reports for insurers. Prior to moving to London, Lumi worked for an accounting firm in Tokyo for eight years, providing accounting services such as auditing, internal audits, and financial reviews. 

Alp Coker,  advises clients on Turkey, the Caucasus and sub-Saharan Africa. He brings with him a wealth of knowledge in each jurisdiction in which he operates, providing clients with critical insight into the nexus between politics and business with a focus on how these factors impact investors’ strategies. Alp is regularly engaged to work on complex asset tracing assignments and evidence gathering investigations with extensive experience in high profile multi-jurisdictional asset recovery exercises.
DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.

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. These forms will be issued after each individual event upon request. 

Anti-Trust Statement: It is the clear and unequivocal policy of IUA to comply in all respects with all applicable competition or antitrust laws. Consequently, IUA Market Briefing Attendees will not participate in any practice that would have the object or effect of restricting competition, nor will IUA provide a forum to promote anti-competitive conduct. In particular, any discussion or agreement on key commercial terms, such as commercial premiums, is likely in all instances to be unlawful and must be avoided. A competition law ‘Do’s and Don’ts’ guide is available and the IUA is happy to answer any questions on competition law that  attendees may have.


  

















 
Our Speakers:  
Details of speakers here