Insurance

• Insurance brokers offer illegal commission to bank managers in exchange of obtaining businesses.
• Senior insurance agents divert policies to downline agents to deceive commission.
• Colluding insurance brokers divert clients’ policies to other broker firms to defraud higher commission.

• Dishonest policy holders submit false documents for medical claims.
• Insurance intermediaries solicit or accept bribes for processing fraudulent claims.

Corrupt staff of the Distribution Channel Department responsible for determining the remuneration packages for insurance intermediaries solicit or accept advantages in return for offering better remuneration to the latter (e.g. better support such as higher amount of marketing allowance and/or sponsorships for insurance broker companies / insurance agencies).

• Corrupt training staff solicit or accept advantages from individual insurance agents to falsify training records for the latter. 
• Compromised district directors who have much discretion in recommending promotion/demotion/termination of their “down-line” individual insurance agents solicit or accept advantages in return for favouring/harbouring the latter during the exercise. 
• Corrupt staff of the Distribution Channel Department condoning substandard performance of insurance intermediaries in return for advantages from the latter.