Two insurance groups are joining to improve the skills of those helping troubled insurers recover assets and those going after people who defraud insurance companies.
Members of the International Association of Insurance Receivers (IAIR) and the International Association for Asset Recovery (IAAR) will now be able to earn the certifications of each association and participate in events.
The groups say their new partnership is aimed at helping insurance receivers and insurance regulators and investigators improve their skill and credentials in recovering fraud proceeds.
IAAR issues the Certified Specialist in Asset Recovery certification while
IAIR issues the Certified Insurance Receiver and the Accredited Insurance Receiver credentials.
Both organizations conduct conferences and other training events. IAIR will conduct its Annual Insolvency Workshop in New Orleans on January 19-21, 2011. IAAR will hold its Cross- Border Asset Tracing and Recovery Conference in June 2011 in London.
“Insurance receivers are entrusted by the courts to recover the losses suffered by victims of crime and fraud,” said Patrick Cantilo, president of IAIR and partner at Austin, Texas firm, Cantilo & Bennett, LLP. “Our associations have converging interests, and we know this alliance in training and certification will sharpen the skills of insurance receivers and asset recovery specialists.”
Certifications exist in fraud examination and anti-money laundering, but they do not extend to what IAR calls the “endgame” of all frauds, which is the recovery of the fraud proceeds, according to IAAR president Charles Intriago, a former federal prosecutor who also founded the Association of Certified Anti-Money Laundering Specialists.
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