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Philipsburg, Sint Maarten – December 3, 2018 — National General Insurance Corporation (NAGICO), a diversified insurance company serving 21 territories in the Caribbean, offered employees an interactive training session about fraud prevention in conjunction with International Fraud Awareness Week on Friday, November 16th.
The hour-long webinar focused on furthering employees’ roles as anti-fraud professionals by discussing amongst peers, executives and stakeholders the importance of fraud prevention to society as a whole. It was attended by over 200 NAGICO employees across all job functions and territories. The webinar was presented by Kyria Ali, Chief Strategy & Development Officer at NAGICO Group and Charlie Agtarap, Head of Internal Audit at NAGICO, both of whom hold the ACFE Certified Fraud Examiner designation.
“Incidences of fraud are increasing at a dramatic rate, making it ever more important to be proactive and address the issue head-on,” said Ms. Ali. “Educating our employees on fraud prevention best practices is a great way to protect our clients and other stakeholders.”
NAGICO was one of nearly 500 international organizations supporting the Association of Certified Fraud Examiners’ (ACFE) International Fraud Awareness Week 2018. ACFE estimates that the typical organization loses five percent of annual revenues to fraud. Additionally, it found that organizations lacking anti-fraud controls suffered losses twice as much as those with fraud controls.
Ms. Ali added: “Given the extensive cost of fraud globally each year, it is increasingly important for organizations to provide employees and the greater community with knowledge of the serious threat and proven methods to thwart it.”
About NAGICO Group
Founded in 1982, The NAGICO Group provides a variety of property and casualty as well as life and health products and risk solutions to its customers throughout the Caribbean. The company’s risk adjusted capital is at the strongest level as per AM Best’s Capital Adequacy Rating Guidelines. Headquartered in Philipsburg, Sint Maarten, the company is one of the leading insurers in the region. To learn more about NAGICO, visit www.nagico.com.
About The Association of Certified Fraud Examiners
Based in Austin, Texas, the ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. Together with more than 80,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.