Robert J. Bodoni with MetLife to Speak at the Knowledge Group’s Insurance Fraud: Detection & Prevention Techniques

New York, NY, February 11, 2016 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Robert J. Bodoni, CIFI, FCLA, AIC, AIS, Regional Manager, Special Investigation Unit, MetLife will speak at the Knowledge Group’s webcast entitled: “Insurance Fraud: Detection & Prevention Techniques.” This event is scheduled for May 24, 2016 from 12:00pm – 2:00pm (ET).

For further details, please visit:
https://theknowledgegroup.org/event/?ID=insurance-fraud-detection-prevention-techniques-live-webcast-2

About Robert J. Bodoni

Rob Bodoni is a SIU Regional Manager for Metlife. He is responsible for the oversight of investigations throughout a multi-state territory, the development and rollout of national training initiatives, producer/underwriting training, as well as public outreach programs.

Mr. Bodoni began his career with MetLife as a SIU Supervisor. He then became the National SIU Trainer in which he developed and delivered a number of fraud awareness training courses countrywide. Since then, he has held various management positions within SIU. In 2007, he was elevated to the level of Regional Manager.

Over the years, he has provided insurance fraud prevention training to members of law enforcement and insurance industry professionals. In 2001, he was recognized by the Massachusetts Insurance Fraud Bureau for his outstanding and invaluable contributions toward the fight against insurance fraud.

Before joining MetLife, he was an SIU Investigator for CIGNA Property and Casualty Insurance Company, a Special Agent for NICB, an investigator with the National Investigation Bureau and a police officer in a north shore suburb of Boston.

Mr. Bodoni currently serves as Board of Director for IASIU in which he chairs the Certification and Education Committees. He is a member of the Massachusetts Governor’s Council as a Notary Public, a Licensed Private Detective as well as holds a Massachusetts Producer License.

Mr. Bodoni holds the certification of CIFI as well as has earned the professional designation of FCLA through the American Educational Institute. In 2011, he completed his AIC designation and in 2012 his AIS designation. He has written a number of published articles addressing insurance fraud detection, prevention and investigation.

Mr. Bodoni holds a Bachelor of Science Degree in Criminal Justice (Cum Laude) and a Master of Science degree in C.J. Administration both from Northeastern University in Boston.

Event Synopsis:

Insurance Fraud occurs when a claimant fraudulently obtains a benefit or advantage to which they are not entitled or when an insurance provider intentionally denies a beneficiary some due benefits. The United States Federal Bureau of Investigation (FBI) notes that the most common fraud scheme is the embezzlement of insurance premiums ('premium diversion'). Other common schemes include asset diversion, workers compensation fraud, claims falsification, and fee churning in which a series of intermediaries take commissions through re-insurance agreements.

According to the Insurance Information Institute, $1.1 trillion in premiums is collected annually by the U.S. insurance industry. The total cost of insurance fraud unrelated to health is estimated to be more than $40 billion per annum, and most of that cost is passed onto consumers in higher insurance premiums of as much as $400 to $700 per annum. In contrast, the annual loss due to health care insurance fraud is estimated to be staggering $60 billion to $250 billion.

Often, combating insurance fraud is complex and expensive. But, the losses are more costly. Many regulatory agencies are involved in combating such fraud as being insurance companies and investigative agencies. The development of predictive analysis of 'big data' is helping to combat such fraud by identifying patterns indicative of fraud in claims, new types of fraud, and fraudulent networks, among others. Link analysis is used to examine relationships between organizations, people, and their insurance transactions to identify oddities suggestive of fraud, such as too many visits to a doctor. Such analyses can be enhanced by using GPS location and social networking information.

Insurance companies urgently need to adopt the advantages of big data analysis to increase the likelihood of fraud detection, to reduce the costs of fraud, and comply with the myriad federal and state regulations.

In this two hour live webcast, a panel of key thought leaders and practitioners assembled by The Knowledge Group will review Insurance Fraud and discuss Detection & Prevention Techniques including identifying and reducing fraud losses, reducing investigative costs, and enhancing regulatory compliance by adopting a robust anti-fraud program and using predictive analytics methods.

Key topics include:

• Insurance Fraud – An Overview
• Insurance Fraud: Common Schemes
• Detecting Insurance Fraud
• Investigating Insurance Fraud
• 'Predictive Analytics' on 'Big Data'
• Reporting Insurance Fraud
• Regulatory Compliance
• Litigation Risks
• Best Practices

About The Knowledge Group /The Knowledge Congress Live Webcast Series

The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/